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Definity completes first full year as a public company

By Kate McCaffery | Feb. 24, 2023, 10:43 a.m.

Photo: Rawpixel.com

Saunders discusses inflation, rate freezes and acquisitions in conversation with TD Securities.

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Headlines

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Flash

Quebec flood zone map raises concerns even before its release

Tips for increasing your firm’s value

Ontario regulator publishes guidance for comment

Insurers pushing their limits in accelerated underwriting

ECONOMICAL

Definity's earnings up 215 per cent in 2023

PC Insurance and Loblaw aim to expand in auto and home Insurance

Definity boosts earnings in the first quarter of 2023

Definity's net income up 18 per cent in 2022

DEFINITY FINANCIAL CORPORATION

Swiss Re increases stake in Definity

Prospects are favorable for property and casualty insurers

Climatic events weighed on insurers’ results in 2023

Mergers and acquisitions: key transactions of 2023

Regulator fines firm $300,000 for inadequate complaint handling

TD earnings flat in wealth management and insurance

BMO Insurance considers higher profile going forward

Ontario insurance regulator fines wellness centre and principals for fraud

Investment

Pension funding rises in March

Insurers express increased appetite for private market investments

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

Pension risk transfer market volumes in 2023 match record

Special risks

Agent who defrauded retired couple banned from securities registration

National Flood Insurance Program promised again in budget

Embracing artificial intelligence is crucial for industry

New tool available to help municipalities mitigate flood risk

Strategy

BrokerLink closes three transactions

A veteran of the Client Management Software industry returns

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

Insurers likely to benefit from adding obesity drugs to benefits coverage

Technology

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

Generative artificial intelligence expected to increase small-scale cyber attacks

Analytic

Six out of ten workers not performing to their full potential

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

Commercial truck driver training lacking

Pet insurance sales jump nearly 30 per cent over 2022

Artificial intelligence

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

Regulator publishes Ransomware Response Playbook for member firms

ChatGPT expected to have a positive impact on advisor productivity

How insurers are investing in artificial intelligence

Economy

Challenging environment expected to continue for fintechs

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