Canadian Underwriter

Keyword
solvency

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Insurance Bureau calls on Ontario to implement file-and-use process for private passenger auto, allow e-signatures

February 7, 2017 by Canadian Underwriter

The Ontario government should apply a file-and-use process for private passenger auto coverage, Insurance Bureau of Canada suggested in a paper released Monday. Auto insurers’ rate changes are subject to approval by the Financial Services Commission of Ontario. FSCO actuaries

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

No ‘plague’ of data breaches and solvency issues, fintech industry CEOs say

April 6, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – There is no “plague” of data breaches and solvency issues affecting financial technology upstarts, contrary to what TD Bank’s CEO says, the heads of several companies in the so-called fintech sector said Monday. The industry insiders were responding

Patrick Déry, Chair, Canadian Council of Insurance Regulators, and Superintendent, Solvency, Autorité des marchés financiers
Feature

Conduct Becoming

March 11, 2016 Patrick Déry, Chair, Canadian Council of Insurance Regulators, and Superintendent, Solvency, Autorité des marchés financiers

Insurance regulators in Canada have taken an important step forward with the recent adoption of a new, co-operative supervision framework for market conduct. The framework provides the foundation required to continue the central mandate to serve consumers at a time when the insurance marketplace is evolving and experiencing rapid change.