Federal bill eases banks’ tech access

DESPITE vociferous concerns from Canada’s privacy commissioner and the Canadian Association of Mutual Insurance Companies, the Senate has passed the federal budget implementation bill without further amendments. It includes changes…

OSFI considering changes for reinsurers

CANADA’s federal regulator is considering changes to guidelines for prudential limits and restrictions and capital adequacy for reinsurers. In a new regulatory framework discussion paper released in June, the Office…

IBAM working to gain PD accreditation

THE INSURANCE Brokers Association of Manitoba is working with the province’s regulator to gain professional development accreditation. The association currently requires Insurance Council of Manitoba approval for professional development programming…

Legislative changes needed for IFRS-17

THE IMPLEMENTATION date is approaching fast and legislative changes are still needed before insurers can report using the new IFRS-17 accounting standard. Speaking at the Canadian Insurance Financial Forum in…