Canadian lifecos ‘well positioned’ to manage credit impairments: A.M. Best
Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products
Changes to the life insurance capital adequacy test, released in July, take effect in 2023
However, the bank and insurer surtax remains at 1.5% for profits over $100M
From a new role to a retirement, several industry veterans are making changes
Lower mutual, segregated fund sales dampen Canadian results
“Companies are going to have to and want to change with the times,” says financial advisor
A Budget 2022 proposal means life insurers could have to pay tax up front on profit earned on 20-year policies, says CLHIA
In examining dozens of agents, Ontario’s regulator identified 334 “business practice” issues
CEOs of the three biggest lifecos all exceeded their performance targets last year