Insurance industry slow to act on Gender X
“Companies are going to have to and want to change with the times,” says financial advisor
Latest news in Life
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
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
- By: Greg Meckbach
- April 11, 2022 April 11, 2022
- 16:43
FSRA calls out life agents not following these two practices
In examining dozens of agents, Ontario’s regulator identified 334 “business practice” issues
- By: Greg Meckbach
- April 4, 2022 April 4, 2022
- 15:50
Manulife CEO comp reaches nearly $17M in 2021
CEOs of the three biggest lifecos all exceeded their performance targets last year
- By: Greg Meckbach
- March 30, 2022 March 30, 2022
- 15:09
Life agents fare poorly in FSRA compliance review
Ontario's regulator is expanding oversight reviews after a pilot effort found widespread shortcomings
- By: James Langton
- March 29, 2022 March 29, 2022
- 12:45
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
- By: James Langton
- January 24, 2022 January 24, 2022
- 14:44
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
Manulife streamlines universal life product
The goal is to simplify the firm's offering to its customers and advisors
- By: Daniel Calabretta
- November 22, 2021 November 22, 2021
- 13:12
Great-West Lifeco raising quarterly dividend to shareholders by 12%
Fellow life insurers Manulife and Sun Life also announced dividend hikes this month
- By: Staff, with files from The Canadian Press
- November 15, 2021 November 15, 2021
- 11:07
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
- By: Pierre Ghorbanian
- October 25, 2021 October 25, 2021
- 14:24
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"
- By: Melissa Shin
- October 8, 2021 October 8, 2021
- 13:33
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
Life insurance payouts related to Covid-19 totalled $154M in 2020
A similar amount was paid in disability benefits to support recovering workers
- By: Staff
- September 14, 2021 September 14, 2021
- 13:18
Ontario regulator seeks feedback on life agent reporting requirements
FSRA's consultation also includes insurers' related obligations to ensure agent suitability
- By: Staff
- September 9, 2021 September 9, 2021
- 15:11
Outlook for reinsurers improves post-pandemic
Rising prices, economic recovery support sector’s earnings
- By: Staff
- September 7, 2021 September 7, 2021
- 14:44
Even after Covid, many Canadians unprepared for crisis: survey
Emergencies would negatively impact most people's finances
- By: Staff
- August 31, 2021 August 31, 2021
- 14:16
Life insurer portfolios held up during pandemic
Strong diversification and conservative investment policies kept portfolios performing well
- By: Melissa Shin
- August 17, 2021 August 17, 2021
- 11:37
Brookfield Reinsurance to buy U.S. insurer American National for US$5.1 billion
The deal is expected to close in the first half of 2022
- By: The Canadian Press
- August 9, 2021 August 9, 2021
- 14:50
Manulife beats expectations as second-quarter profit surges to $2.6 billion
Global wealth and asset management net inflows reached $8.6 billion
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:12
Sun Life Q2 profit increases 73% to $900 million
Canada was the biggest contributor to net profits in the quarter
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:05
Highest proportion of at-home workers are in finance, insurance
Industry and firm size are key factors in the ability to work from home, StatsCan says
- By: Staff
- August 4, 2021 August 4, 2021
- 11:39