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Stormy market conditions

Insurers continued paying record benefits in year three of pandemic

Total premiums collected by insurers also rose in 2022, according to the CLHIA

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What’s changed in life underwriting?

Medical developments and technology have led to improved experiences for some clients

Net zero target

Major life insurers taking steps, but falling short on climate action: report

Sun Life Financial Inc. and Manulife Financial Corp. are Canada's first and fourth-largest fossil fuel investors

insurance-protection

Quebec insurtech continues national expansion

Emma, a digital-only insurance company, hopes to expand coast to coast in 2024

gavel on a wooden bench

FSRA revokes licence of life agent who sold repeat policies

Alleged misconduct included untrustworthiness, fraud and deception

  • By: Staff
  • September 7, 2023 September 7, 2023
  • 15:51
businessman-binoculars

Help clients find lost bank accounts and insurance policies

Although there are tools to help, financial advisors still say it’s best to maintain updated information

Drawings and charts of successful business, workplace of the businessman

Lifecos see mixed earnings in latest quarter

Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life

  • By: Staff
  • August 11, 2023 August 11, 2023
  • 11:34
Financial Advisor Assisting Senior Couple

When does a death benefit not pay out?

Advisors should be as thorough as possible when going through insurance applications with a client

Stormy market conditions

FSRA consults on consumer warnings

Regulator issues proposed guidance for public comment until Aug. 25

  • By: Staff
  • July 31, 2023 July 31, 2023
  • 16:10
Bitcoin exchange to dollar rate on monitor display on July 2017 in NYC

OSFI consults on crypto rules for banks, insurers

New guidelines adopt global banking regulators' standards

Wooden box lined with hay from the chicken eggs

Rising interest rates lift interest in annuities

Clients can see annuities as an attractive alternative to managing their own retirement investments

percentage change

Why rate hikes shouldn’t dissuade insurance policyholders from participating

Par life accounts eventually benefit from higher interest rates

Deal making illustration

Canada Life acquires Value Partners Group

Deal adds investment counsel portfolio managers to Canada Life

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Corporate-owned life insurance as a charitable gift

Avoid bloopers when designating a charity as policy beneficiary

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Life insurers increase Assuris protection

Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails

insurance-protection

Insurance regulators promise new guidance on upfront compensation structures

Advisor chargebacks need robust controls, CCIR and CISRO said

businessman gap worry fear obstacle

Advice-gap debate comes to insurance industry

Ahead of the proposed DSC ban for seg funds, a familiar refrain is in play

Files being analyzed

Life agents falling short, FSRA finds

Almost half of high-risk agent reviews found best-practice failures

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Participating whole life: What it can and can’t accomplish

Advisors should “show a less rosy picture” than the DSIR

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

FSRA’s Huston Loke appointed CCIR chair

Loke replaces Robert Bradley as head of the insurance regulators' association

  • By: Staff
  • April 24, 2023 April 24, 2023
  • 15:25
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FSRA finalizes seg fund DSC ban

Final rules for a ban beginning June 1 were sent to the finance minister for approval

Ontario Queen's Park Legislative Building

FSRA proposes new conditions on life MGA

Supervision framework “largely based on delegation to upline agents,” regulator alleged

child and parent hands holding money jar, donation, saving, charity, family finance plan concept, Coronavirus economic stimulus rescue package, superannuation concept

New insurance product for charitable donations could minimize philanthropy risk

Canada Life product addresses insurance-trafficking concerns that have previously dogged donations of life insurance

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‘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

Entrance to the Financial Services Regulatory Authority of Ontario

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