Monthly Archive: May 2019

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BC announces expanded use of biosimilars

British Columbia is expanding its use of biosimilars to open up opportunities for new drug listings and boost existing coverage for patients, the province announced on Monday. “B.C. is leading the country by promoting...

Number of Canadians in need of disability leave increasing

The number of Canadians who need time off work due to a disability is on the rise, yet disability coverage continues to decline, found an RBC Insurance survey. The study found that 50% of...

‘Juicing’ Or ‘Innovative’? IUL Illustrations In The Crossfire

The National Association of Insurance Commissioners creates model laws for states to pass. Re-opening the contentious life insurance illustrations model regulation is on the table, state insurance regulators said today, but the group is...

UL Sales Struggle Through Rough First Quarter, Wink Reports

UL got off to a slow start in the first quarter, Wink reports. Non-variable universal life sales for the first quarter were over $768.2 million, down 20.4% when compared to the previous quarter and...

Group benefits advisors urged to stay vigilant about G19

Members of a benefits and retirement advisor group are being encouraged to remain vigilant about the future of G19 following recent comments made by the head of the Canadian Life and Health Insurance Association...

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SGI CANADA and CSSI Announce Real-Time Data Exchange Launch

Project uses CSSI’s I-Company and adheres to IBAC D/X principles Regina, SK (May 27, 2019) — SGI CANADA and Custom Software Solutions Inc. (CSSI) are pleased to announce they are piloting integrated rating and...

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Swiss Re Institute SONAR report examines new and emerging risks

“Slow-burner” emerging risks including the public health implications of climate change Swiss Re Institute’s annual SONAR report features 15 emerging risk themes and 5 emerging trend spotlights the re/insurance industry needs to have on...

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Beazley Breach Insights: May 2019

Ransomware attacks skyrocket in Q1 2019 New York, NY (May 23, 2019) – Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a...

Two brothers fined a total of $345,000

Two brothers, Kamran Shahid and Imran Shahid, have been fined $345,000. They sold universal life insurance to newcomers with little financial knowledge. On May 2, Judge Mélanie Hébert of the Court of Québec, district...