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All State to support the Old Brewery mission

by Hubert Roy December 7, 2018 09:30 With a donation of $ 10,000, All State will help the organization Mission Old Brewery to renovate the kitchen of his pavillon Patricia Mackenzie, a unit entirely dedicated to women. The insurer supports this non-profit organization for a fourth consecutive year. This renovation project will enable the Mission to better respond to the growing number of women who come knocking at its door, while the recent changes in the level of services offered have created the need for the restructuring of current facilities,…

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Insurance 

Bank Fair launches a line of credit attached to a life insurance policy

by Alain Thériault 6 December 2018 13:30 Mahima Poddar Bank Fair , has just launched a line of credit that is based on the cash surrender value of a whole life insurance with participation of the Great-West Life, London Life and Canada Life. The bank is positioning the product as an alternative to the Canadians of 50 years to fund their retirement. Subsidiary of the Group Fair (no link with Life Insurance Fair), a Bank Equitable announced on its website that the client can borrow up to 90 % of…

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Insurance 

SSQ receives a funding of$ 150 Million of the Fund

by Andrea Lubeck 6 December 2018 11:30 Photo : Freepik SSQ Insurance has been awarded funding in the form of a loan of 150 million us dollars (M$) of the share of the Caisse de dépôt et placement du Québec. The transaction will allow SSQ to “optimize its capital structure and to pursue the implementation of its strategic plan,” says the Fund by way of a press release. The loan also aims to continue the digital transformation of the insurer. “This transaction is part of a process of optimization of…

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Insurance 

Intact gives$ 1 Million to counter the use of child soldiers in Rwanda

by Hubert Roy December 6, 2018 09:30 Charles Brindamour, Romeo Dallaire, Shelly Whitman, and Ishmael Beah | Photo : Greg Kessler Intact financial Corporation will pay $ 1 million to the Roméo Dallaire Child Soldiers Initiative to support the establishment of a regional centre for training and learning in Rwanda. These new funds will help the Initiative Dallaire to maintain a permanent presence in Africa. Focuses on the practice, research and the defence of the rights of children, this centre will serve as a meeting place where people from different…

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Insurance 

Autonomous cars : the TRAY favors the insurance policy single

by Andrea Lubeck 5 December 2018 13:30 Photo : Tesla.com In a report published in November 2018, the insurance Bureau of Canada recommends that the insurance policy sole as well as model insurance for automated vehicles. “The goal of the insurance policy a single is to allow injured persons to receive compensation and to leave the discussion on the product liability insurers and vehicle manufacturers or software providers,” says the IBC. If the technology proves to be the source of the accident, the insurer can ask the third party at…

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Insurance 

Ontarians are more aware of insurance fraud, believes Aviva

by Hubert Roy 5 December 2018 11:30 Photo : Freepik More and more Ontarians say they are aware that insurance fraud is to increase their insurance bill, reveals a pollby Aviva Canada. In addition, they want their government to take action to stem this scourge. Thus, 88 % of Ontarians surveyed by Aviva believe that the automotive repair shops inflate the cost of repairs, compared to 77 % in 2017. In addition, 86 % of Ontarians surveyed are of the opinion that the government and the agencies of law enforcement…

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Insurance 

Life insurers will have to reduce their costs of distribution, says McKinsey

by Hubert Roy December 5, 2018 09:30 Photo : Freepik Life insurers will need to tackle their operating costs as other industries have done before it, warns the think-tank McKinsey & Company. The consulting firm has identified an area where she believes that life insurers will be able to realize economies : distribution. “Few things have changed in recent years in the structure of costs for life insurers. The same holds for their operations “, one can read in the report Life Insurers and Annuities State of the Industry in…

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Insurance 

Harsher Fines for Distracted Driving in Ontario Coming in New Year

New year, new distracted driving penalties. Leave the phone alone. That’s the message behind the new penalties for distracted driving in Ontario that come into effect January 1, 2019. Higher fines, demerit points and even a driver’s licence suspension are what’s now at risk when convicted of distracted driving in the province. And that’s not including the auto insurance implications of having a distracted driving ticket on your record. This ticket will affect your Ontario auto

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Insurance 

The outlook 2019 for the canadian market of life insurance are stable, according to Fitch

by Writing 4 December 2018 13:30 The firm credit rating Fitch Ratings expects the outlook for the canadian market of life insurance will be stable for the next year. Macroeconomic conditions generally favourable, will foster the growth of life insurance companies, said the company. “We expect that the canadian life insurance companies maintain a strong capitalization and profitability indicators show a trend of stable or improving, supported by rising interest rates,” says Jamie Tucker, director of Fitch Ratings, in the report Outlook 2019 : Canadian Life Insurance. Low interest rates…

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Insurance 

The use of insurance transactional risk in growth at Aon

by Hubert Roy 4 December 2018 11:30 Photo : Freepik Aon has recorded a growth of 96 % of the use of its insurance policy transactional risk around the world from 2014 to 2017. This increase was of 34 % from 2016 to 2017. By the end of 2018, Aon expects that this growth will be of the order of 40 % to 50 %. What is the insurance transactional risk ? This protection is designed to transfer a risk transactional to an insurer. It is therefore intended to protect…

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