Insurance regulators release guidance targeting unfair incentives
The regulators concluded that some incentive practices may present risks to the fair treatment of customers
Latest news in Life
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
Sagicor buys insurer Ivari for $325 million
Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products
- By: Rudy Mezzetta
- August 26, 2022 August 26, 2022
- 12:59
Industry ‘will see how things shake down’ with new lifeco solvency metric
Changes to the life insurance capital adequacy test, released in July, take effect in 2023
- By: Greg Meckbach
- August 16, 2022 August 16, 2022
- 14:54
Insurance industry slow to act on Gender X
“Companies are going to have to and want to change with the times,” says financial advisor
- By: Susan Goldberg
- June 1, 2022 June 2, 2022
- 16:30
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