News
Insurers' expectations of sales channels are unclear: CCIR
2+ hour, 51+ min ago (553+ words) Insurers" expectations of sales channels are unclear: CCIR The Canadian insurance industry needs to get better at picking responsible distributors, managing conflicts of interests and training agents on product knowledge to ensure they follow the fair treatment of customers guidance,…...
FSRA life licence renewal delays cause some to lapse
3+ mon, 1+ week ago (819+ words) FSRA life licence renewal delays cause some to lapse Agents need to renew early and ensure their documentation is in order Licensing delays at Financial Services Regulatory Authority of Ontario (FSRA) have frustrated Ontario life agents for months. Understaffing and…...
FSRA steps up sanctions of life and health agents
3+ mon, 3+ week ago (561+ words) FSRA steps up sanctions of life and health agents Regulator flags 22% rise in agent misconduct reports filed by insurers, MGAs The Financial Services Regulatory Authority of Ontario (FSRA) stepped up sanctions imposed on life and health agents in 2024-25, while also…...
FSRA continues to explore title protection harmonization
4+ mon, 6+ day ago (373+ words) FSRA continues to explore title protection harmonization With Ontario's title protection in effect for more than three years but no recent action on title protection from other provinces, the Financial Services Regulatory Authority of Ontario (FSRA) says it continues to…...
Survey finds affordability, lack of trust, barriers to buying life insurance
4+ mon, 2+ week ago (680+ words) Survey finds affordability, lack of trust, barriers to buying life insurance Nearly two-thirds of uninsured Canadians don't plan on buying a policy soon Over two-fifths (42%) of Canadians don't have life insurance or aren't sure if they are covered, according to…...