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Top Stories in Insurance

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Insurance regulators release guidance targeting unfair incentives

The regulators concluded that some incentive practices may present risks to the fair treatment of customers

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Cross-selling opportunities prompt P&C brokerages to buy advisors

Actual assets under management of advisor aren’t always worth purchasing on their own

FSRA proposes DSC ban for seg funds

Proposal would eliminate regulatory arbitrage between seg funds and mutual funds

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How to talk to young clients about life insurance

The younger you are, the more affordable the coverage is

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iA reports lower profit in Q3

Retail fund sales remained positive as customers sought cash-equivalent products

  • By: Staff
  • November 9, 2022 November 9, 2022
  • 12:11
A doctor and an elderly patient are indoors at the woman's home. The doctor is talking to the woman while holding a tablet computer.

Nicola Wealth buys Levine Financial Group

Toronto-based firm provides insurance products and services to doctor clients

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 11:11
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Great-West Lifeco profit down 21% in latest quarter

Results reflect impacts of Hurricane Ian, market volatility

  • By: Staff
  • November 3, 2022 November 3, 2022
  • 15:44
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The data behind soaring seg fund sales

Positive industry trends, not regulatory arbitrage, supported sales last year

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Universal life shouldn’t be universally recommended, regulator says

At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs

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FSRA initiates enforcement action over MGA’s training practices

The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes

  • By: Staff
  • October 25, 2022 October 25, 2022
  • 11:32
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When to talk about permanent insurance during estate planning

Going beyond investments with clients remains a good way to add value, particularly in down markets

covid-19

Actuaries release tally of pandemic life insurance claims

Organization expects excess deaths and life insurance claims to be lower going forward

Entrance to the Financial Services Regulatory Authority of Ontario

Certain MGAs pay multiple life agents for a single sale, FSRA says

Draft Ontario MGA regulation coming in 2023 as a result of concerns found in FSRA's review

Manulife bundles health monitoring into more coverage

The lifeco is expanding its Vitality program to universal life and par policies

Insurers pay record amount of benefits in 2021

Also, annuity and seg fund premiums increased 21%

  • By: Staff
  • September 15, 2022 September 15, 2022
  • 13:39

Insurance regulators start consultation on banning upfront commissions

The move follows a regulatory warning earlier this year to stop DSC sales of seg funds

  • By: Staff
  • September 8, 2022 September 13, 2022
  • 15:44

Manulife discontinues disability products for business owners

The insurer will stop accepting new business for four non-cancellable disability products as of Sept. 30

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