Existing capital rules do not adequately provide for group policies where there is a sharing of risk between the insurer and the policyholder
The purpose of the capital definition review is to ensure that the capital remains sufficient to absorb losses in periods of stress
Comments due by August 10
Full implementation of the new guideline is expected by the end of fiscal 2012
Final rules to be published soon
Information regarding scams should be forwarded to the Canadian Anti-Fraud Centre
Request intended to allow regulator to test changes to capital requirements
Role played by boards of directors “all the more crucial” in today’s climate: Dickson
Households vulnerable to adverse shocks due to indebtedness
Regulator explains rationale behind its decision not to allow insurance firms to use internal models that incorporate mean reversion in equity returns