Some lifecos are focused on enhancing their WL and term products
The three lifecos have now centred their business in Canada around two business units: one focused on individual clients and another on group clients
Although 90% of advisors feel they have an obligation to their clients to create a succession plan, only 19% of advisors have a succession plan in place
Insurers may need to tweak the consent process to protect clients
HuGO, the new program, is web-based, paperless, and does not require a client signature, while policies under the program can be bought only through licensed insurance advisors
Product consolidation and increasing assets are on the agenda for Bernard Letendre, new president at Manulife Investments
CRM2-style disclosure could be coming for a range of insurance products
The increase is attributed primarily to new processes that OLHI has implemented for assessing and handling complaints
But regulators are nonetheless concerned that big data may make it harder for some clients to obtain or pay for insurance
Vitality program will offer rewards to some life insurance clients for “healthy living”