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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
A doctor and an elderly patient are indoors at the woman's home. The doctor is talking to the woman while holding a tablet computer.

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
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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
Executives are discussing the financial results of the Company for the marketing plan.

The data behind soaring seg fund sales

Positive industry trends, not regulatory arbitrage, supported sales last year

Couple getting financial advice from consultant at home

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


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
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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


Actuaries release tally of pandemic life insurance claims

Organization expects excess deaths and life insurance claims to be lower going forward

Entrance to the Financial Services Regulatory Authority of Ontario

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

Senior couple making nordic walking in the park

Manulife bundles health monitoring into more coverage

The lifeco is expanding its Vitality program to universal life and par policies

Growing Graph

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
Concept of crisis with unstable statistic bars

Outlook for insurers poised to decline: Fitch

Inflation is less of a concern in the life insurance sector, report says

‘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

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

Hub Financial acquires BridgeForce in Ontario

Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said

  • By: Staff
  • February 2, 2023 February 2, 2023
  • 13:22

Manulife partners with Cleveland Clinic Canada

The collaboration aims to promote better health outcomes within group benefits

  • By: Staff
  • January 26, 2023 January 26, 2023
  • 12:39

Manulife discontinues disability products for business owners

The insurer will stop accepting new business for four non-cancellable disability products as of Sept. 30

Sun Life buying U.S. dental benefits company DentaQuest for $3.1 billion

The acquisition will more than double the size of Sun Life's U.S. employee benefits business by revenue