FSRA's consultation also includes insurers' related obligations to ensure agent suitability
One weak area was application processing for prospective mortgage brokers and insurance agents
The proposal complements the guidance on fair treatment of customers
About 40% were escalated for further investigation
New approach will end reliance on insurers' internal calculation models
Low rates, risks and regulation will weigh on earnings and drive higher prices
Regulator received 52 complaint forms over a period of 10 months
Ontario’s new insurance regulator releases draft priorities and budget
Ontario’s new insurance regulator will raise the standards of transparency and conduct not only in the province, but nationally
The new accounting rules that come into effect on Jan. 1, 2021 will have an impact on the capital rules for life and P&C insurers