The gap is, however, narrower in Canada than in the United States.

Pricing and higher cedent retentions allow reinsurers to shrug off losses.

Highest sales ever recorded in the Canadian market since the LIMRA survey was established.

Rates are going up, but trend may be moderated or mitigated by regulation.

Best practices identified may inform future framework evaluation and rule amendments.

The financial institution has been a minority shareholder in the insurer since February 2023.

The insurer calls the transaction the largest of its kind in Canada.