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
Latest news in Life
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
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