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In-force business: Data providers still missing

By Alain Thériault | Oct. 9, 2023, 10:10 a.m.

Photo: Freepik | DilokaStudio

Despite over 25 years of efforts, digital data exchange in life insurance remains incomplete.

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Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

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

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Flash

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

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

Wholesalers have growth ambitions

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

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

BMO Insurance considers higher profile going forward

CANADA LIFE

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

Leadership change for Canada Life's Canadian operations: Jeff Macoun to retire

CANADA PROTECTION PLAN

Term insurance: Women’s choice

Life insurance: Vive la difference in the permanent product market

Percentage of underinsured women continues to rise

Simplified issue term life insurance: 18 products at a glance

CO-OPERATORS

Direct simplified issue offerings benefit advisors eventually

Helping investors look beyond the immediate to invest in their futures

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

Consumer sentiment scores show significant improvement

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

EMPIRE LIFE

One-third of Canadians have little or no life insurance

Empire Life posts net income of $156 million for 2023

Segregated funds and annuities: Two products for life

Annuities boosted by interest rates

EQUITABLE

Several new developments in permanent life insurance

Most popular articles of 2023 related to societal issues

Equitable Life launches First Home Savings Account

Equitable Life launches small business group benefits plans

FORESTERS

Insurance poised for significant growth... among the wealthiest

Term insurance: A product more complex than it seems

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

Foresters Canada president announces retirement

HUMANIA

Leadership shakeup at Humania

Interest rates: A selling point for credit insurance

Beneva drops Penncorp products due to lack of profitability

Christian Laroche stepping down from helm of IDC Worldsource Quebec

IVARI

Ontario regulator sanctions former agent for coercion

Distribution: Insurance Supermarket International embraces full digital shift

ivari negative rating watch removed following acquisition

Neil Skelding stepping down on January 31.

MANULIFE

Manulife reinsures $5.8 billion of reserves for block of universal life business

Water risks are an opportunity for investors

Commercial real estate adversely affects insurers’ 2023 financial results

Firm warns that rising rates won’t help defined benefit plans forever

RBC

Your client’s concerns in 2024

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

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

Long-term care: Manulife reassures $6 billion

SUN LIFE FINANCIAL

Sun Life earnings up 11 per cent in 2023

Mergers and acquisitions: key transactions of 2023

Most popular investment articles of 2023

Photocopied signatures, pre-signed and altered forms costs agent $18,000

THE EDGE BENEFITS

The Edge Benefits launches program for Alberta farmers

Alec Blundell appointed EVP and COO of Co-operators Life and takes helm of CUMIS

BENEVA

ChatGPT expected to have a positive impact on advisor productivity

Most popular articles of 2023 related to health

2022 Market shares of property and casualty insurers in Canada

Beneva joins media companies in pulling advertising dollars from Meta

BRITISH COLUMBIA FINANCIAL SERVICES AUTHORITY (BCFSA)

Climate-related catastrophes pose a risk to the financial services sector

Insurance regulators accelerate segregated fund fee disclosure efforts

Two regulators move to end best terms pricing in strata property insurance markets

BCFSA allows B.C. charities to accept donated life insurance policies

Distribution

Casualty rates excluding auto liability decline at the start of 2024

Income inequality gap widens in 2023

Harnesssing group insurance data: The Power of statistics

Race to insure electric vehicles could change the industry

Strategy

Insurer divests U.S. business to focus on Canada

Tips for increasing your firm’s value

Ontario regulator publishes guidance for comment

New tool available to help municipalities mitigate flood risk

Technology

Embracing artificial intelligence is crucial for industry

Insurers warned that technology experimentation is needed to reap benefits

Rep fined for selling personal cryptocurrency assets to clients

Insurance and collision repair industries being reshaped in the United States

Analytic

National Flood Insurance Program promised again in budget

Pension funding rises in March

Six out of ten workers not performing to their full potential

Cancer incidence higher for those living within 50 kilometers of a wildfire

Magazine supplement

Advisor makes her mark in planned giving insurance

Artificial intelligence to combat underinsurance

Impaired driving: Surprises at the emergency room

Withdrawals choices can mitigate taxes