Mar 16, 2022
CNA's Abena Apraku featured in Insurance Business Canada

In an article published by Insurance Business Canada, CNA's Abena Apraku discusses how emerging risks in the specialty space present both challenges and opportunities for insurers.

 

The COVID-19 pandemic kick-started a period of unprecedented changes and challenges for businesses in all sectors. Throughout this volatile time, CNA Canada has adapted its broad suite of specialty insurance capabilities – which includes management liability, professional services, technology, cyber and healthcare – to meet the unique needs of its commercial clients across the country.

 

Emerging risks present both challenges and opportunities for insurers. For example, while the COVID-19 pandemic placed immense strain on Canada’s healthcare system, it also triggered a wave of new telemedicine services that required innovate risk control and insurance solutions. In a similar vein, as society became highly dependent upon technology during the pandemic – for the purposes of remote work, remote schooling, e-commerce and digital communication, amongst other functions – this has led to new challenges around cyber security and a surge in demand for cyber insurance solutions.

 

For more information and personal insights, read the full feature: ‘Specialty Insurance: How CNA Canada Adapted to the Pandemic’s Challenges’ published in Insurance Business Canada.