Latest news in Life

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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

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FSRA calls out life agents not following these two practices

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


Manulife CEO comp reaches nearly $17M in 2021

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

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Life agents fare poorly in FSRA compliance review

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


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

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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
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Manulife streamlines universal life product

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

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

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

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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

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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
young couple meeting with advisor

Co-operators expands into wealth management

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

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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
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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
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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
young couple meeting with advisor

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
Toronto skyline in financial district

Life insurer portfolios held up during pandemic

Strong diversification and conservative investment policies kept portfolios performing well

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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

Business and financial district in a city with pillars

Manulife beats expectations as second-quarter profit surges to $2.6 billion

Global wealth and asset management net inflows reached $8.6 billion

Toronto skyline in financial district

Sun Life Q2 profit increases 73% to $900 million

Canada was the biggest contributor to net profits in the quarter

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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