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Consolidation now targeting small firms and blocks of business

By Alain Thériault | April 29, 2021, 10:18 a.m.

The Insurance Portal peers into the future of independent life and health insurance distribution.

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Headlines

The Pharmacare Act comes into force

Increasing diversity in Canada requires a growing awareness among advisors

Life expectancy has increased in Quebec since 2000

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IDC Worldsource acquires AFL Financial Group

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COPOLOFF

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QUALIFIED FINANCIAL SERVICES (QFS)

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Kevin Cott changing roles at QFS

EQUITABLE

Several new developments in permanent life insurance

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PPI

Groupe Cloutier brings in insurer as a minority shareholder

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Sam Albanese: A leader who will be missed

Desjardins expands Quebec distribution through managing general agency

GROUPE AGENZ

Quebec-based AGA partners with Saskatchewan-based mutual fund broker

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PEAK

Sun Life exec joins investment industry board of directors

Quebec arm of investment funds organization re-elects chair

CSA proposes board members, publishes applications for recognition of new SRO

Joanne De Laurentiis to chair regulator

VERTAFORE

Centre for Study of Insurance Operations convenes standards advisory council

March 2019 outage: Groupassur sues Keal

IDC WORLDSOURCE INSURANCE NETWORK

Licensing for managing general agencies: the consultation period ends

Desjardins’ insurance earnings jump in the first quarter

Desjardins’ insurance surplus earnings up 286 per cent in 2023

Industry association attracts 18 new members

IA FINANCIAL GROUP

Disability insurance: 17 products examined by InsuranceINTEL

Critical illness insurance: cancer and heart attack dominate claims

Investors concerned about major US companies’ stock performance

Economic uncertainty fails to dampen Canadian life insurers' performance

HUB

Hub International continues on acquisition path

Hub acquires Ontario-based firm

AGA Benefit Solutions has a new majority shareholder

HUB makes acquisition in Ontario

CANADA LIFE

Canadians struggling with burnout are less likely to view their employers favourably

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Great-West Life’s net earnings rise by 77%

Age makes all the difference for 20-year term insurance

ROPER TECHNOLOGIES

Acquired by Roper, iPipeline plans to continue Canadian expansion

FINANCIÈRE S_ENTIEL

Quebecer named treasurer of CAILBA

Quebec life insurance distributors stand united in opposition to direct Internet sales

CDPSF Asks Quebec to Postpone Changes to Bill 188

Whole life gains ground from universal life

GROUPE CLOUTIER

Advisor makes her mark in planned giving insurance

Employment Insurance sickness benefit period increasing

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SHARP INSURANCE

Private investor injects more than $100 million into Synex Business Performance

Another acquisition in Atlantic Canada

MSA FINANCIAL

Compliance demands boost the insurance software market

MICA

Tax authorities harden their stance

More Than 330 Submissions to Quebec’s Distribution Legislation review

GOTOINSURE

Synex acquires major broker in Centre-du-Québec

Synex gains foothold in Ontario with Palladium Insurance

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SYNEX

Brokers concerned about SME Cybersecurity

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Synex acquires equity stake in firm specializing in businesses

INVESSA

Robert Beauchamp recruited by NFP Canada

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AURREA SIGNATURE

Christian Laroche stepping down from helm of IDC Worldsource Quebec

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Industry steps up cyber security efforts

Some MGAs find telecommuting more efficient

APPLIED SYSTEMS

Applied Systems acquires artificial intelligence firm

Auto insurance premiums continue to drop

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Auto insurance premiums in Canada decrease in late 2020

FINANCIAL HORIZONS GROUP

Regulators demand more oversight of licensees

Regulator refuses license to agent who maintained policies for 70 fictitious clients

License revoked for employing unlicensed and previously sanctioned representative

David Stewart assumes new leadership role at Canada Life

Strategy

The Pharmacare Act comes into force

Increasing diversity in Canada requires a growing awareness among advisors

Set high and clear expectations with clients

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Mergers and acquisitions

Business and technology consolidation creating opportunities for cyber criminals

Desjardins reports 152% surge in insurance surplus earnings for the second quarter

iA Financial Group reports 5% increase in net income for second quarter of 2024

Average insurtech deal doubles in size

Magazine supplement

Property and Casualty insurers’ financial results in Canada in 2023

Ways to mitigate damage caused by breaches

Coalition reviews 2023 claims results

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