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Promutuel confident it can reach its 2021 objectives

By Hubert Roy | July 9, 2021, 4:20 p.m.

Geneviève Fortier

Despite the COVID-19 pandemic and the cyberattack that hampered performance early this year, says CEO Geneviève Fortier.

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Headlines

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New self regulatory organization approved

Children impacted by the pandemic

Joint regulatory review takes aim at tiered recruitment managing general agencies

Ontario regulator restates position on continuing education

P&C Insurance

Misunderstanding errors and omissions requirement ends in $1,000 fine for agent

Agent fined $5,000 for issuing false pink cards for his own insurance policy

Luxury vehicles: Insured may be paying the price for a lackadaisical approach

Home and auto insurtech expands into Ontario

Business insurance

Property & casualty insurance market gradually improving

Definity's net income plunges 41.4 per cent

Intact’s net income down 13 per cent

The Co-operators’ net income falls 33.2 per cent

Cyberrisks

Companies need to invest more to prevent cyberattacks

Aon report identifies top 10 risks

Cyber risks: Ransomware ramping up rates

One-fifth of Canadian businesses hit by cyber security attacks

DESJARDINS

Voluntary group critical illness insurance makes a breakthrough

Individual critical illness insurance: The main products available in Canada

All new Desjardins annuity investments to be “responsible” going forward

Desjardins' profits: P&C down 68.5 per cent, life and health 26.4 down per cent

PROMUTUEL

Northbridge appoints new director in Quebec

Promutuel still aims to double in size within 5 to 7 years

Promutuel reshuffles senior management

Telework: life and health and P&C insurers unveil their models

Distribution

Association lobbies federal government ahead of 2023 budget

Lussier acquires human resources firm

Three new acquisitions for BrokerLink

Canadian insurers paid out $113 billion in benefits last year

Strategy

Rogers Insurance and CapriCMW merge operations

Major Group sets sights on growth

AGA Benefit Solutions acquires Vancouver firm

Investment in Canadian fintech drops more than 50 per cent in first half of 2022

Technology

Investors overestimate their knowledge

Asset managers of the near future need to contemplate change

Regulators expects crypto trading platforms to provide pre-registration details

Insurance Supermarket International closes US$100 million equity investment

Cyberrisks

KPMG research looks at changing consumer-carrier relationships

Final guidance released on cybersecurity preparedness for mortgage brokers

Businesses concerned about their ability to meet ransomware demands

Federally regulated financial institutions subject to new technology risk guideline

Analytic

Mercer compensation survey examines inflation pressures

Mutual fund redemptions continue

Five natural disasters this summer caused over $300 million in insured damage

Canadian employers planning highest pay hikes in two decades

Financial results

TD earnings: -11.7% in wealth management, +2.8% in insurance

BMO earnings: Insurance down 22.8 per cent, wealth management down 12.3 per cent

RBC Income: Insurance down 20.5 per cent, wealth management up 4.4 per cent

Aviva Canada's operating profit down 10.9 per cent

Economy

Echelon and Orion seek permission to merge

New program to provide loans of up to $50,000 to women entrepreneurs

Parents talking to their children about money issues earlier than before

National home sales fall

COVID19

Inflation continues to fuel travel insurance concerns

Insurers sticklers for snowbirds' health stability

Business owner clients hurt by inflation and interest rate hikes

Small businesses continue to suffer

Promutuel confident it can reach its 2021 objectives

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