Participating life helps drive Canadian insurance sales, but wealth sales drop 23%
As more Canadians retire and the fixed income space grows, financial services companies are pivoting
Manulife and Canada Life heads still saw their total compensation rise
Big Four Canadian life insurers report near-record profits for 2022, DBRS says
Assets under management dropped 8% in 2022
Rising interest rates should boost life insurers’ portfolios in the longer term
The new Canadian Investor Protection Fund has a leader, alongside other announcements
Changes include executive shifts at iA Financial Group related to wealth division
Insurance sales in Canada were up 28%
Digitization can provide product advice, but clients still want to talk to humans