Going forward, I think commercial bonds will be an even more important vehicle for growth than contract bonds. Cost-effective alternatives to traditional financing, such as demand bonds, are reshaping industries. And at Allianz Trade, we stand out with global capacity. We can cater to multinational giants, ensure growth and stay ahead of global trends, which constitutes a vital edge.
My primary focus is to drive growth in the Canadian surety market, which currently stands at around $1 billion annually in Gross Written Premiums (GWP). I would like to capitalize on the on the products that have already been tried and tested from a risk standpoint in the US and bring them to the Canadian market to further contribute to commercial growth.
At the same time, I recognize that the industry needs to take a major leap when it comes to technology. I think there is no player better positioned than Allianz Trade to lead this transformation.
I also hope to be able to contribute to getting more people into the industry and ensuring our legacy. Starting with participating in boards with universities to ensure long-term staffing, I am even talking to my brother about this since his college applications are due soon!