‘Bank run-type scenario’ at lifecos highly unlikely: DBRS
Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says
Latest news in Life
Hundreds of Ontario insurance agents targeted for CE non-compliance
A FSRA review resulted in 445 letters of warning for failing to complete continuing education hours
- By: Staff
- March 9, 2023 March 9, 2023
- 13:38
Hub Financial acquires BridgeForce in Ontario
Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said
- By: Staff
- February 2, 2023 February 2, 2023
- 13:22
Joint last-to-die policies and liquidity challenges
Consider how to best leverage the special death benefit
- By: Pierre Ghorbanian
- January 30, 2023 January 31, 2023
- 11:46
Seg fund chargebacks: Conflict of interest or good DSC substitute?
Insurance regulators ponder seg fund upfront commissions
- By: Greg Meckbach
- January 27, 2023 January 27, 2023
- 11:26
Total cost reporting guidance for seg funds coming this spring: FSRA
FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased
- By: Greg Meckbach
- January 20, 2023 January 20, 2023
- 12:27
FSRA orders Greatway Financial to deliver revised training
Greatway must also send its universal life policyholders information to assist them in assessing the policy's appropriateness
- By: Melissa Shin
- December 22, 2022 December 29, 2022
- 15:38
AMF releases draft seg fund DSC ban for comment
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
- By: Greg Meckbach
- December 16, 2022 December 16, 2022
- 12:24
Insurance regulators release guidance targeting unfair incentives
The regulators concluded that some incentive practices may present risks to the fair treatment of customers
- By: Staff
- November 30, 2022 November 30, 2022
- 15:52
Cross-selling opportunities prompt P&C brokerages to buy advisors
Actual assets under management of advisor aren’t always worth purchasing on their own
- By: Philip Porado
- November 25, 2022 November 25, 2022
- 14:53
FSRA proposes DSC ban for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
- By: James Langton
- November 25, 2022 November 25, 2022
- 11:17
How to talk to young clients about life insurance
The younger you are, the more affordable the coverage is
- By: Maddie Johnson
- November 11, 2022 November 11, 2022
- 15:42
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
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
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
The data behind soaring seg fund sales
Positive industry trends, not regulatory arbitrage, supported sales last year
- By: Michelle Schriver
- November 2, 2022 November 2, 2022
- 12:38
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
- By: Greg Meckbach
- October 27, 2022 October 27, 2022
- 11:40
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
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
- By: Guillaume Poulin-Goyer
- October 19, 2022 October 19, 2022
- 15:15
Actuaries release tally of pandemic life insurance claims
Organization expects excess deaths and life insurance claims to be lower going forward
- By: Greg Meckbach
- October 14, 2022 October 14, 2022
- 16:33
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
- By: Greg Meckbach
- September 28, 2022 October 12, 2022
- 17:22
Manulife bundles health monitoring into more coverage
The lifeco is expanding its Vitality program to universal life and par policies
- By: Greg Meckbach
- September 27, 2022 September 27, 2022
- 15:51
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
Outlook for insurers poised to decline: Fitch
Inflation is less of a concern in the life insurance sector, report says
- By: James Langton
- September 7, 2022 September 7, 2022
- 09:45