President and CEO
Joel Baker has devoted his career to the insurance industry, gaining expertise as one of Canada’s leading authorities on insurance industry analytics. In 2004, he founded MSA Research, the renowned analytical research and financial publishing firm entrusted to provide independent, accurate research and analysis to all those who have a stake in the Canadian insurance industry. MSA Research’s clients include the overwhelming majority of Canada’s insurers, reinsurers, brokers, reinsurance brokerages, risk managers, industry associations, regulators, investment bankers and equity analysts.
Joel began his career in the insurance industry with the Sun Alliance Insurance Company of Canada, now part of RSA Canada. In 1994, recognition of his analytical capabilities resulted in him being offered the position of General Manager with the Canadian rating agency, TRAC Insurance Services Ltd., which he led until 1999. When the company was acquired by A.M. Best, he led A.M. Best Canada for four more years, during which time he was heavily involved in the rating process of property and casualty insurers, as well as life insurance companies.
Joel’s depth of understanding of the Canadian insurance industry makes him frequently called upon to comment on industry results. He is often quoted on his unique perspective of the industry. It was Joel’s commitment to the industry that prompted him to create a forum in which all of Canada’s insurance leaders could unite to share ideas, insights and initiatives that would strengthen the country’s property and casualty insurance industry. In 2007, he launched the National Insurance Conference of Canada (NICC), which quickly became the Canadian P&C industry’s pre-eminent leadership forum. The highly anticipated 14th NICC will be held at The Westin in Ottawa from September 30 – October 2, 2020.
Another long-standing conference focused solely on financial and actuarial issues confronting insurers was launched by MSA in 2010, the Canadian Insurance Financial Forum (CIFF). This event will be held June 1-2, 2020 at the Metro Toronto Convention Centre and will include MSA’s P&C and Life/Health training bootcamp.
Now in its sixth year in Canada and second year in Bermuda, the International Cyber Risk Management Conference (ICRMC) addresses the most salient and timely issues that will help organizations manage cyber risk internally and effectively transfer it. The ICRMC brings together the most comprehensive spectrum of issues and experts in one place. The Bermudian edition of the ICRMC ran Dec 4-6, 2019 at the Hamilton Princess & Beach Club.
In 2014, Joel also founded Catastrophe Indices and Quantification Inc. (CatIQ), delivering detailed analytical and meteorological information on Canadian natural and man-made catastrophes. Through its online subscription-based application, CatIQ combines comprehensive insured loss indices and other related information to better serve the risk management needs of the insurance and reinsurance industries. CatIQ was acquired by PERILS AG on June 17, 2019. CatIQ’s fifth annual CatIQ Connect conference will take place at the Metro Toronto Convention Centre, February 3-5, 2020.
In 2018, MSA launched InsurTech North. This new forum is designed specifically for digital leaders, entrepreneurs and venture capitalists in the P&C and Life/Health insurance space. The 3rd annual InsurTech North runs April 6-7, 2020 at the Beanfield Centre in Toronto.