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The Canadian economy finally seems to have shaken off the oil price crash-induced slowdown of the prior two years, as confirmed by a recent string of positive data releases. Strong turn-of-the year real GDP growth, solid job gains since last summer, a climbing manufacturing PMI and a continued uptick in business sentiment in the Spring Business Outlook Survey all point to an acceleration out of the recent slowdown.
Real GDP grew by 2.1% in the US in the last quarter of 2016 and 1.6% for all of 2016. Growth in Q4 was driven by consumer spending, investment and inventory accumulation, which fully offset the drag on growth from net exports.
Insights from Rehabilitation Watch, an industry wide biennial report covering rehabilitation trends and topical issues for life and disability claims.
In terms of devastation wreaked, there were a number of large-scale disasters across the world in 2016, including earthquakes in Japan, Ecuador, Tanzania, Italy and New Zealand. There were also a number of severe floods in the US and across Europe and Asia, and a record high number of weather events in the US. The strongest was Hurricane Matthew, which became the first Category 5 storm to form over the North Atlantic since 2007, and which caused the largest loss of life – more than 700 victims, mostly in Haiti – of a single event in the year. Another expansive, and expensive, disaster was the wildfire that spread through Alberta and Saskatchewan in Canada from May to July.
In 2012, colorectal cancer (CRC) was the fourth most common cancer in the world, after lung, prostate and breast cancer, with over 1.3 million new cases diagnosed. Of these, approximately 45% were diagnosed in Asia, accounting for just over 600 000 new cases. In Asia, over 331 000 people died of CRC in 2012.
It goes without saying that volcanoes in close proximity to the world's largest cities pose a serious threat. And this is a risk that in the past has received insufficient attention. Swiss Re has developed a global probabilistic volcano model to support its clients in assessing volcanic risks and in developing suitable insurance products. The model is the first of its kind in the insurance industry covering the whole world.
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