If a major insurer fails, the compensation fund will fall short

According to the PACICC’s quarterly solvency bulletin, the compensation fund cannot cover the risk arising from the fail…

P&C | July 18 2022 09:39AM
Club Vita consolidates operations to meet global longevity demand

The provider of longevity analytics for pension plan risk management cut ties with founders.

INVESTMENT | March 09 2022 10:35AM
The General Motors longevity risk deal was one year in the making

Two of the key players took Insurance Portal behind the scenes of the deal, which was announced earlier this month.

LIFE INSURANCE | April 29 2021 01:07PM
Sun Life announces $176 million pension de-risking deal

Sun Life has announced a $176 million annuity buy-in, which the insurer says was the largest Canadian de-risking transac…

LIFE INSURANCE | December 08 2020 02:30PM
COVID-19: lower funding requirements cushion plans from shock

The lower funding levels introduced by the Quebec and Ontario governments are cushioning the shock of the COVID-19 pande…

INVESTMENT | April 20 2020 10:08AM
Most employees want financial education at work

Eighty per cent of employees want to receive some type of financial education at work, according to a national survey by…

SOCIETY | September 11 2019 01:30PM
Canada Life Re to reinsure €5.5 billion of longevity risk in Europe

Great-West Life subsidiary, Canada Life Reinsurance (Canada Life Re), has announced a long-term reinsurance agreement wi…

ENTREPRENEURSHIP | March 11 2019 11:30AM