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”
Founded in 1981, Winnipeg company now employs 12,000
HNW immigrants are looking for tax and estate planning services
“If we don’t change, we’re going to become obsolete”
The OmbudService for Life and Health Insurance has revamped its website with a new suite of online tools
However, barriers to entry remain, and increase in data about policyholders will raise privacy concerns
DBRS considers the exposures of Canadian life insurers to the oil and gas sector to be manageable from a credit perspective
With clients and their expectations evolving, the insurance industry and advisors have to adjust to the new reality by re-examining long-standing traditions