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Insurance 

Insurance in Europe : beware the Brexit, prevents a firm rating

by Frédérique De Simone 13 February 2019 13:30 The imminence of Brexit is a real threat to insurers established in Europe, advance the firm’s credit rating Standard & Poor’s (S&P). In a report entitled With European Insurers Well Positionned For Economic Uncertainty, the Focus Shifts to the Future, the analysts of S&P argue that the Brexit is their main concern, at least as it relates to loans that underwrite the insurers. The Brexit will-t-it of rating downgrades of insurers? The analysts of S&P do not believe it. However, the development…

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Insurance 

CoreLogic partners with Crawford & Company for a new service to insurers

by Writing February 13, 2019 11:30 CoreLogic, which provides a platform for claims management for insurers, partners with WeGoLook, owned by Crawford & Company, to offer insurers a service of inspectors of claim on demand. WeGoLook employs 45 000 inspectors in the United States, Canada, and the United Kingdom, which it calls its ” lookers “, that collects data, photos, videos, and measures relating to claims. The users of the platform Simibility Claims Connect, and access to the services of these inspectors on request. Symbility claims that the information gathered…

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Insurance 

Allstate Benefits is launching a protection against serious illnesses with medical assistance

by Writing February 13, 2019 09:30 Photo : Unsplash Allstate Benefits is launching a critical illness protection with services of medical assistance. The offer is now available across Canada. Allstate Benefits, based in the United States, entered the canadian market, critical illness insurance in 2015, offering a product of voluntary guarantee that employers can offer to their employees, which they pay for themselves. In addition to a cash payment in the event of diagnosis of a condition covered, the new improved offer provides access to medical assistance services through partners…

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Insurance 

Compensation fund : the Authority will compensate the victims retroactively

by Alain Thériault 12 February 2019 13:30 Thefinancial markets Authority has invited the victims of fraud between the 12 June 2015 and June 13, 2018 to send a claim prior to June 13, 2019. This retroactive period of intended victims who could not be compensated by the Fund according to the old criteria. Adopted June 13, 2018, the Act aimed primarily to improve the supervision of the financial sector, the protection of deposits of money and the regime of functioning of financial institutions (L. Q. 2018, c. 23) has led…

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Insurance 

End-of-year fish tail to the pension plans, defined benefit

by 12 February 2019 11:30 Photo : Freepik The year 2018 year had started positively for the defined benefit pension plans in Canada. However, the growth was terminated in the fourth quarter, reports RBC investor Services and treasury services. Each quarter, this subsidiary of the Royal Bank of Canada tracks the performance and asset allocation of its customers ‘ pension plans. It draws global data. According to these figures, the yields were on the rise for the first nine months of 2018. The month of December disastrous experienced by the…

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Insurance 

Hub continues its growth strategy in Ontario

by Writing February 12, 2019 09:30 Photo : Freepik The us law firm, Hub International continues to pursue its strategy of growth by acquisition, this time adding the assets of the toronto firm benefits Firstbrook Pointon Benefits Incorporated in her lap. The terms of the transaction were not disclosed. The firm offers employee benefit programs, consulting, services, annuity and disability management, among others. Bob Pointon, president and manager of Firstbrook Pointon Benefits, will join Hub Ontario. John Firstbrook, founder of the firm and chief executive officer, John T. Firstbrook Insurance…

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Insurance 

Case law in damage insurance : bit of a stir in 2018

by Aurelia Morvan 11 February 2019 13:30 The year 2018 has not been marked by major changes in the case-law, according to the law firm Lavery. The year 2018 follows in the same vein as 2017, where Bernard Larocque and Jonathan Lacoste-Jobin had made the same observation. Each year, Lavery is a review of the causes which have made the news legal insurance. The Journal of insurance has attended its annual review of the case law 2018 law of insurance, on the 8th of February, in the montreal offices of…

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Insurance 

The financial institutions at the crossroads in the face of the technology, says OSFI

by Frédérique De Simone 11 February 2019 11:30 Photo : Freepik To offer products and services tailored to the needs of their customers, financial institutions need to rely as much on new technologies than on human judgment. Ben Gully, assistant superintendent at the Office of the superintendent of financial institutions (OSFI), has defended this thesis in front of an audience gathered in Toronto by theC. D. Howe Institute, February 7. He titled his speech Risk non-financial and operational resilience : the rise of the machines. “Although the financial resilience should…

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Insurance 

National bank launches exchange-traded funds

by Alain Thériault February 11, 2019 09:30 Photo : Freepik National bank Investments (BNI) has launched four exchange-traded funds. They are traded on the Toronto stock Exchange since Friday, 8 February. The ETFS are on a roll. According to the bulletin, the Canadian ETF Flows, published in February by the financial markets division of National Bank Financial, BNI becomes the 35th provider of ETF to make its entry into the canadian market, and its four products join the other 20 that have been launched since the beginning of the year….

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Insurance 

Great-West Lifeco completes 2018 up

by Aurelia Morvan 8 February 2019 13:30 Paul Mahon Great-West Lifeco has ended the fourth quarter of 2018, with net profit of 710 million dollars (M$). An increase of 81 % compared to the fourth quarter of 2017, when the net profit was$392 Million. If one focuses solely on the canadian operations of the company, the conclusion differs. Net profit amounted to 310 Million during the fourth quarter of 2018, while it was $ 338 Million during the same quarter of fiscal 2017. The holding company accounted for this decrease…

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