OCTOBER 2014: Articles from our monthly print edition

21 Oct 2014

Leverage your Learning with a Study Group

How do I go about setting up a study group? (Read more)

21 Oct 2014

Stable rating for life industry: A.M. Best

Conditions are reasonably good for insurance companies right now, and company behaviour is also quite good from a risk-management standpoint, leading ratings agency, A.M. Best Company, to say their industry outlook is a stable one for the life and health industry in Canada. (Read more)

21 Oct 2014

New group CI product aims to improve definitions

Attempt to get away from standard Critical Illness (CI) benchmark definitions when trying to underwrite a better product, and there are going to be delays. (Read more)

21 Oct 2014

Universal life sales up for first time since 2011

New annualized universal life premiums advanced between the second quarter of 2013 and the same quarter of 2014. This is the first premium growth for this product since the fourth quarter of 2011. (Read more)

21 Oct 2014

Advisor screening spurs data sharing initiative

Advisor information – the type typically sought by compliance departments – is the latest data set industry collaborators hope to standardize and centralize, making it available to those who need it, without the manual and redundant processes in place today. (Read more)

21 Oct 2014

B2B Bank strives to regain advisor confidence

Hurdles in the integration of AGF Trust have irked some of B2B Bank’s advisor clients. When the integration wraps up in late October, CEO François Desjardins thinks his company’s image will emerge stronger for it, even if the level of service has declined, he told The Insurance and Investment Journal in a strategic interview. (Read more)

21 Oct 2014

Manulife discusses Canadian division priorities in wake of Standard Life acquisition

The public company two-step, a balancing act weighing shareholder benefits against consumer and distributor demand, is seldom more evident than when companies like Manulife Financial discuss strategy for the benefit of investors. (Read more)

21 Oct 2014

Life insurers’ association adopts new code on genetic testing

The Canadian Life and Health Insurance Association (CLHIA) has reaffirmed an integral piece of its position on genetic testing, adopting a new industry code on an issue that has caused some consternation among privacy advocates and interest groups. (Read more)

21 Oct 2014

Progress on electronic data feeds is imperative MGAs tell insurers

While some Canadian MGAs are moving along well in implementing electronic feeds, there are still those using older-fashioned methods, including inputting data by hand. (Read more)

21 Oct 2014

B2B Bank propels the profitability of Laurentian Bank

B2B Bank is definitely a growth engine for Laurentian Bank. (Read more)

21 Oct 2014

Robust first six months for segregated funds and annuities

Premiums grew in all annuity market segments, both in the second quarter of 2014 versus a year earlier, and in the first half of the year compared with the same period in 2013. In particular, there was a major upsurge for segregated funds, which ended 2013 down from 2012. (Read more)

21 Oct 2014

MGA distribution faces several challenges

On many fronts the MGA Channel has the same old, same old problems, but these get compounded when faced with new regulatory, compliance, contractual and technology issues steaming toward them. Are all MGA’s ready for what’s about to hit them? Have some been so busy in their business, they’ve been neglecting to “look both ways”. Can all MGA’s survive? Will the life companies let them all survive? (Read more)

21 Oct 2014

Critical illness: second quarter upswing

Critical insurance illness sales in Canada were down 2% in terms of premiums in the first half year compared with the same period in 2013, following a strong second quarter. The industry regained its footing after premiums plunged 9% in Q1 2014 compared with the same quarter in 2013. (Read more)

02 Oct 2014

Allianz Global Assistance and TIC Travel to Merge

On September 30, Allianz Global Assistance Canada and the Co-operators Life Insurance Company’s subsidiary TIC Travel Insurance Coordinators announced plans to merge their Canadian operations. (Read more)

21 Oct 2014

QFS expands in the east with acquisition of A.R.C. Financial

Work to assimilate business for 50-100 new advisors is “well underway” after Qualified Financial Services (QFS) closed its most recent acquisition – this time of Atlantic region, A.R.C Financial Group. (Read more)