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Insurance 

John Hancock integrates the Vitality programme to all of its life insurance policies

by Writing 21 September 2018 13:30 Photo : rawpixel Since this week, all new life insurance policies issued by John Hancock, the us subsidiary of Manulife, will be fitted with the Vitality programme. The company says it does so in a ” willingness to dispose of the business model of life insurance-traditional “. The existing font will add the program at the beginning of 2019. In Canada, Manulife has deployed a Vitality to all of its insurance policies temporarily in march last. Adopt the well-being behavioral “For centuries, the insurance…

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Insurance 

SSQ Insurance will reimburse the cost for medicinal cannabis

by Justine Montminy September 21, 2018 11:30 SSQ Insurance will add the coverage option of cannabis therapy to its group insurance plans, effective January 1, 2019 “The introduction of this option seeks to meet the needs of its clients for which traditional treatment is not effective, and that, in accordance with the federal regulations governing the access to cannabis for medical purposes “, explained Éric Trudel, senior vice-president, strategies and supply management at SSQ Insurance. Specified conditions The purchase of cannabis for medical purposes will be subject to certain conditions…

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Insurance 

Class action filed against CIBC relating to the commissions of follow-up

by Writing September 21, 2018 09:30 Siskinds LLP and Bates Barristers P. C. has filed a class action against the Canadian Imperial Bank of Commerce and Trust Corporation CIBC concerning trailing commissions paid to online brokers/discount (discount brokers) on mutual funds CIBC. “The action alleges that the defendants pay trailing commissions to discount brokers through whom the mutual funds CIBC are sold and that the investors who hold these funds in of the discount brokers do not receive any value for the trailing commissions paid. The action aims to compensate…

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Insurance 

Carl Laflamme joined the Capital as advisor to Mario Albert

by Alain Thériault 20 September 2018 14:15 Carl Laflamme Carl Laflamme will join the 24 September in The Capital for acting as an advisor to the executive vice-president of group insurance, Mario Albert. Mr. Laflamme will have the responsibility to carry out various mandates within the framework of the reorganization that The Capital has undertaken recently, said Mario Albert in a press release internal, including the Journal of insurance has received a copy. Contacted by the Journal of insurance, Mr. Laflamme added that he will assist Mr. Albert in the…

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Insurance 

The reinsurance industry is facing weak market conditions, says S&P

by Justine Montminy 20 September 2018 13:30 Photo : Freepik The reinsurance industry is facing challenging market conditions, despite the modest rate increases in 2018, wrote in a report the firm’s credit rating S&P Global. This observation comes in the wake of the annual meeting of the Rendez-vous de septembre in Monte-Carlo, which brings together reinsurers, insurers, brokers and other industry specialists The number of natural disasters in 2017 have led to a rise in the rate of reinsurance of approximately 5% on renewals of 2018. During the meeting in…

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Insurance 

The market launch of satellites and the space insurance will reach US$ 1.3 billion by 2022

by Writing 20 September 2018 11:30 The global market for launching satellites and the space insurance will reach us $ 1.3 billion (US$ billion) by 2022, says a new report from the firm Technavio. The company stresses that the growth of the market can be explained by the increase in the number of satellite launches. The increasing demand for satellite services, in particular for climate monitoring and the recognition of the telecommunications sector is progressing in several countries, supports Technavio. The trend towards small satellites The low cost of small…

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Insurance 

PMT Roy launches his own foundation

by Writing September 20, 2018 09:30 The brokerage firm PMT Roy Insurance and financial services has launched his own foundation, the Foundation PMT Roy. The foundation has three areas of predilection, namely youth, education and health. The Foundation PMT Roy will offer each year a specified amount, in the form of donations from the company’s financing activities organized by the staff in the various regions in which the firm is present. The employees of PMT Roy are also encouraged to do volunteer hours. PMT Roy has 15 branches across the…

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Insurance 

iA financial Group : Denis Ricard continues the work of Yvon Charest

by Justine Montminy 19 September 2018 13:30 Denis Ricard | Photo : canadian club of Montreal Denis Ricard, the new CEO ofiA financial Group, said during a conference at the canadian club of Montreal, an intention to continue the expansion work undertaken by Yvon Charest during his presidency. Since 1 September, Mr. Ricard wishes to align his presidency will have on business growth, he describes as being ” the basis of everything “. Annual growth of net earnings per share of 10 % To do this, Mr. Ricard has said…

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Insurance 

Hurricane Florence : the economic losses would reach$ 22b in US

by Writing September 19, 2018 11:30 The economic losses caused by hurricane Florence could amount to 22 billion u.s. dollars (G$ US), according to estimates from different sources, although it is too early to really assess the extent and severity of this event, according to a report from Guy Carpenter. However, the insured losses could range between$ 2.5 billion and$ 5 billion US. Guy Carpenter reports that more than 509 000 homes and businesses had no access to electricity as of Monday, down from the 1.8 million customers who have…

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