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
Retail fund sales remained positive as customers sought cash-equivalent products
Toronto-based firm provides insurance products and services to doctor clients
Results reflect impacts of Hurricane Ian, market volatility
Positive industry trends, not regulatory arbitrage, supported sales last year
At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs
The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes
Going beyond investments with clients remains a good way to add value, particularly in down markets
Organization expects excess deaths and life insurance claims to be lower going forward
Draft Ontario MGA regulation coming in 2023 as a result of concerns found in FSRA's review
The lifeco is expanding its Vitality program to universal life and par policies
Also, annuity and seg fund premiums increased 21%
The move follows a regulatory warning earlier this year to stop DSC sales of seg funds
Inflation is less of a concern in the life insurance sector, report says
Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says
A FSRA review resulted in 445 letters of warning for failing to complete continuing education hours
Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said
The collaboration aims to promote better health outcomes within group benefits
The insurer will stop accepting new business for four non-cancellable disability products as of Sept. 30
The acquisition will more than double the size of Sun Life's U.S. employee benefits business by revenue