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Pension plans ramp up risk reduction transactions

By Alain Thériault | April 29, 2024, 10:34 a.m.

Photo: Freepik

Interest rates boost sales of group annuities.

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Headlines

Insurers’ association advocates for retaining employer control over benefits

Health insurance fraud constantly on the rise

Flood researchers find gaps in national flood insurance program

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Flash

Health insurance fraud constantly on the rise

Agent fined for missed continuing education credits and lapsed liability insurance

Pension plan funding gains strength during first quarter

Doing securities paperwork ends in sanction for mutual fund rep

Investments

Exchange-traded fund assets surge ahead of hedge fund industry assets

Beneva’s profits up 149 per cent in 2023

Average fund fees declined following implementation of disclosure rule amendments

Your client’s concerns in 2024

Life Insurance

Sun Life introduces new term life product for diabetics

Canadian application activity grows in April

Environmental perils emerging as leading morbidity and mortality drivers

Multi-cancer early detection tests expected to impact mortality rates

ASSUMPTION LIFE

Insurers boosted by simplified issue insurance sales

A veteran of the Client Management Software industry returns

Assumption Life insurance sales surged in 2023

Managing General Agency bets on share ownership to win advisors

TELUS

Managers struggle to handle team emotions amidst change and uncertainty

Pension funding rises in March

Six out of ten workers not performing to their full potential

Drug plan sponsors encouraged to set up usage guardrails for new therapies

IA FINANCIAL GROUP

OM Financial makes acquisition

iA Financial acquires Laurentian Bank’s full-service brokerage division

Commercial real estate adversely affects insurers’ 2023 financial results

iA Financial Group’s earnings up 149 per cent in 2023

WTW (ex-WILLIS TOWERS WATSON)

Ratings and research agency examines post-pandemic mortality assumptions

Willis Towers Watson appoints head of Canadian Broking Team

Aon and Willis Towers Watson ditch merger attempt

Aon and Willis Towers Watson merger: Regulator gives conditional green light

SUN LIFE FINANCIAL

Psychosocial risks remain a workplace issue

Direct simplified issue offerings benefit advisors eventually

Insurers coordinate to execute annuity buy-out deal for Ford of Canada

Sun Life earnings up 11 per cent in 2023

GENERAL MOTORS

Sun Life team examines pension risk transfer questions

Pension risk transfers surge in Canada

Sun Life spells out its appetite for longevity risk

The General Motors longevity risk deal was one year in the making

CANADA LIFE

Great-West earnings up 61 per cent for the first quarter of 2024

Great-West's earnings down by 24 per cent in 2023

Overhead expense insurance to prevent business disruption

Buy-sell insurance: A safeguard in tough times

DESJARDINS

Quebec flood zone map raises concerns even before its release

It was appropriate to move forward the purchase of ICPEI, says Valérie Lavoie

Desjardins to fully own ICPEI

Global penalty and disgorgement ordered in discretionary trading case

BROOKFIELD ANNUITY

BMO Insurance considers higher profile going forward

Total global assets under management decline in 2022

Life insurance: Financial results of 25 insurers in Canada in 2022

Sun Life and Brookfield sell buy-in annuity contracts to Stelco plan

BANK OF CANADA

Income inequality gap widens in 2023

Northbridge's written premium volume rises by 6 per cent in 2023

Challenging environment expected to continue for fintechs

Geopolitical risks stoke investor fears

MERCER

Insurers express increased appetite for private market investments

Defined benefit pension funding increases in the first quarter of 2024

Executives think generative artificial intelligence will deliver gains over 30 per cent

Defined benefit plans finish 2023 higher despite fourth quarter pullback

AON

Protection gap persists for intangible assets

Fund managers concerned by climate change

Interrelated megatrends driving volatility and causing enterprise-wide risks

Reinsurers perform strongly despite catastrophe losses in 2023

BMO

Insurers pushing their limits in accelerated underwriting

Firm fined $1.5 million for failing to supervise trading activity

First-quarter earnings up 51 per cent for BMO Wealth Management

Several new developments in permanent life insurance

RBC

RBC Wealth Management's first-quarter earnings down 27 per cent

Consumer sentiment scores show significant improvement

Most popular articles of 2023 related to societal issues

Long-term care: Manulife reassures $6 billion

CO-OPERATORS

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Co-operators General’s earnings down 41 per cent in 2023

Co-operators announces acquisition

Ontario insurance regulator fines wellness centre and principals for fraud

Distribution

Flood researchers find gaps in national flood insurance program

Intact's earnings up 79 per cent for the first quarter of 2024

BrokerLink announces three new acquisitions

The Insurance Portal’s evolution and innovations

Investment

Artificial intelligence can help insurers’ streamline claims processing

Vulnerability is increasing alongside the cost of living for those over 50

Securities commission publishes six-year strategic plan

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Special risks

State of risk landscape changing

Association says government can improve insurance market conditions for businesses

Intact launches wildfire loss prevention and suppression services

Anti-selection is a significant financial burden for insurance industry

Strategy

Surety association raises concerns about information underpinning recent policy

Navacord acquires travel insurance brokerage

Actuarial services in demand as new disclosure standards are deployed

Finance and insurance contribute to gross domestic product growth in February

Retirement

Close to one-in-ten seniors worked out of necessity in 2022

Agent who defrauded retired couple banned from securities registration

BrokerLink closes three transactions

Pension risk transfer market volumes in 2023 match record

Analytic

Insurers’ association advocates for retaining employer control over benefits

Parents’ housing wealth strongly linked to higher property values for their children

Evolving microinsurance landscape is expanding

National pharmacare: little consideration for insurers' contributions

Economy

Global survey finds majority of insurers will change technology platforms by 2025

Digitalization and personalization: The Canadian insurance industry at a crossroads

New rules proposed for funds holding crypto assets

Insurance growth expected to accelerate slightly