Life insurance

Industry

FSRA proposes new conditions on life MGA

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

By Greg Meckbach |April 6, 2023

2 min read

Industry

Incentive bonuses for Big 3 lifeco CEOs dropped in 2022

Manulife and Canada Life heads still saw their total compensation rise

By Greg Meckbach |April 4, 2023

2 min read

Life

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

By Melissa Shin |March 30, 2023

4 min read

Life

‘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

By Greg Meckbach |March 21, 2023

2 min read

Life

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

2 min read

Industry

As interest rates rise, lifecos’ strong profits continue

The Big Four Canadian life insurers reported near-record profits for 2022, DBRS says

By James Langton |March 7, 2023

2 min read

Industry

Great-West Lifeco reports earnings of $892M, raises dividend 6%

The result beat expectations

By Staff, with files from The Canadian Press |February 9, 2023

2 min read

Industry

Sun Life Q4 net income drops 12%

Assets under management also dropped 8% in 2022

By Staff, with files from The Canadian Press |February 9, 2023

1 min read

Life

Hub Financial acquires BridgeForce in Ontario

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

By Staff |February 2, 2023

1 min read

Life

Joint last-to-die policies and liquidity challenges

Consider how to best leverage the special death benefit

By Pierre Ghorbanian |January 30, 2023

6 min read

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