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Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Insurance industry slow to act on Gender X

“Companies are going to have to and want to change with the times,” says financial advisor

Financial graphs analysis

Slumping markets hit iA profit despite strong sales

The firm reported net income attributable to common shareholders of $151 million in Q1, down 13%

  • By: Staff
  • May 12, 2022 May 12, 2022
  • 14:34
Canadian parliament in Ottawa

Life insurers ‘surprised and disappointed’ with Budget 2022 provision

A Budget 2022 proposal means life insurers could have to pay tax up front on profit earned on 20-year policies, says CLHIA

Lawyer writing in legal book

FSRA calls out life agents not following these two practices

In examining dozens of agents, Ontario’s regulator identified 334 “business practice” issues

Banks

Manulife CEO comp reaches nearly $17M in 2021

CEOs of the three biggest lifecos all exceeded their performance targets last year

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Life agents fare poorly in FSRA compliance review

Ontario's regulator is expanding oversight reviews after a pilot effort found widespread shortcomings

insurance-protection

FSRA adopts new reporting guidance for life agents

Regulator aims to boost consumer protection with oversight of agents' qualifications

  • By: Staff
  • February 25, 2022 February 25, 2022
  • 15:46

Insurers face major change to accounting rules

Canadian insurers well positioned to deal with elevated risks from IFRS 17

rockets launching

Canada Life launches sustainable target date funds

The seg funds look to invest in companies with strong ESG practices

  • By: Staff
  • December 7, 2021 December 7, 2021
  • 13:45
Glowing light bulb on wooden wall with drawing charts and

Manulife streamlines universal life product

The goal is to simplify the firm's offering to its customers and advisors

American Dollar Symbol Standing On Wood Surface In Front Of A Graph

Great-West Lifeco raising quarterly dividend to shareholders by 12%

Fellow life insurers Manulife and Sun Life also announced dividend hikes this month

Supreme Court of Canada building in Ottawa, Canada

Supreme Court won’t allow appeals from funds seeking to use life insurance for unlimited deposits

Insurers welcome the dismissal

  • By: Staff
  • November 4, 2021 November 4, 2021
  • 16:58

Accessing insurance policy values for the affluent client

A client scenario compares cash dividend versus policy withdrawal

FSRA consults on proposed priorities

Total cost reporting for seg funds as well as title regulation are on the docket for fiscal 2022–23

  • By: Staff
  • October 8, 2021 October 8, 2021
  • 13:52

Co-operators expands into wealth management

The firm's advisors have no minimums and are looking to serve "everyday Canadians"

IDC WIN acquires insurance assets from AFL Groupe Financier

The Guardian Capital subsidiary bought the Quebec firm's life and health insurance business and seg fund assets

  • By: Staff
  • October 4, 2021 October 4, 2021
  • 16:09

Sun Life buying U.S. dental benefits company DentaQuest for $3.1 billion

The acquisition will more than double the size of Sun Life's U.S. employee benefits business by revenue

Canada’s warming may hurt access to insurance: DBRS

Increasingly severe weather may lead to pullback in coverage as losses rise

Outlook for reinsurers improves post-pandemic

Rising prices, economic recovery support sector’s earnings

  • By: Staff
  • September 7, 2021 September 7, 2021
  • 14:44