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News

Insurance Portal
insurance-portal.ca

Renewals season inspires insurers to consider new opportunities

3+ day, 16+ hour ago   (455+ words) As insurers and reinsurers gathered in Monaco for the annual Rendez-Vous de Septembre (Sept. 5-9) to discuss market trends and set upcoming renewals, two reinsurers and an affiliate research institute sent out dispatches. They noted the risks posed by artificial intelligence…...

Insurance Portal
insurance-portal.ca

False statement to insurer: representative fined $4,000

1+ week, 2+ day ago   (502+ words) The disciplinary committee of Quebec’s Chambre de l'assurance fined Johanne Tessier (certificate No. 158067), a damage insurance representative, $4,000 for providing false information to L'Unique General insurance when submitting a client’s insurance application, resulting in the retroactive cancellation (ab initio) of the…...

Insurance Portal
insurance-portal.ca

Regulator assesses administrative penalty for unlicensed sales

1+ week, 4+ day ago   (248+ words) A former billing specialist has admitted that he acted as an insurance agent in numerous automobile insurance registrations between 2022 and 2024. During the period, Chintankumar Narendra Thakkar collected at least $10,000 in fees from his activities as an unlicensed insurance agent. Although…...

Insurance Portal
insurance-portal.ca

Pension risk transfers to insurers are gaining popularity

3+ week, 2+ day ago   (879+ words) In the world of pension funds, the hot topic right now is risk transfer for defined benefit (DB) plans. This trend has intensified since the pandemic and shows no signs of slowing down anytime soon. “There is certainly a movement…...

Insurance Portal
insurance-portal.ca

Insuring young travelers: A challenge for the industry

3+ week, 4+ day ago   (788+ words) Young travelers are the least likely to purchase insurance before going abroad, even though they are among the most likely to have an accident while traveling. How can insurers convince them to better protect themselves? A study by Milesopedia Canada,…...