Technology’s Impact on the Industry: Until recently, most investments in insurance technology focused on distribution, policy administration, internal controls and security. Now, telematics, data analytics, wearables and...more
Financial institutions in Canada witnessed yet another year of significant growth in legislation and regulatory guidance impacting their operations, while the financial marketplace is continuing to adapt to the impact of...more
1/21/2016
/ Anti-Money Laundering ,
Canada ,
Capital Requirements ,
Credit Cards ,
Debit Cards ,
Derivatives ,
FCAC ,
Financial Institutions ,
FSB ,
IAIS ,
IFRS ,
Insurance Industry ,
Life Insurance ,
Mortgages ,
National Housing Act (NHA) ,
OSFI ,
Payment Systems ,
PIPEDA ,
Popular ,
Recapitalization ,
Risk Assessment ,
Risk Management ,
Shareholders
British Columbia’s Financial Institutions Commission (FICOM) has issued Information Bulletin INS-15-002?, which sets out FICOM’s expectations for insurers, exempt sellers and creditors regarding creditor’s group insurance...more
On February 28, 2015, the Department of Finance released draft regulations under the Insurance Companies Act (Act) providing for a framework for the demutualization process applicable to mutual property and casualty insurance...more