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Big changes afoot for life agents?

Published on 22/04/2016

Distribution > Market conduct Sales practices

Investment Executive May 2016

Letter to the pan-Canadian Pharmaceutical Alliance regarding subsequent entry biologics

Published on 21/04/2016

Prescription Drug Costs > Drug pricing

SEB First Principles

Information regarding the 2016-2017 Quebec budget

Published on 17/03/2016

Insurance

Reforming Canada's Patented Medicine Prices Review Board [PMPRB]

Published on 26/02/2016

Prescription Drug Costs > Drug pricing

Follow up to meeting with Federal Minister of Health

CLHIA to Minister Hunter re: ORPP cost-benefit analysis

Published on 08/02/2016

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

Submission

Submission regarding Canada’s ratification of the Trans Pacific Partnership Agreement (TPP) Canada’s ratification of the Trans Pacific Partnership Agreement (TPP)

Published on 22/02/2016

International > International Trade

Letter to Honourable Chrystia Freeland, Minister of International Trade

Time for creativity to finance Canada’s infrastructure, Frank Swedlove, President and CEO, CLHIA

Published on 25/02/2016

Capital and Assets > Long-term investments

Canada’s insurers are very able and more willing than ever to play a larger role in making sure Canada builds the infrastructure the country needs in a timely and affordable fashion.

ACCAP-QUEBEC CALLS FOR FAIR PRICING FOR PRESCRIPTION DRUGS FOR ALL QUEBECERS

Published on 24/02/2016

Prescription Drug Costs > Drug pricing Generic drug pricing

News Release

CLHIA Response to AcSB Exposure Draft on applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts

Published on 08/02/2016

Financial Reporting > International Financial Reporting Standards

The CLHIA commends the significant efforts of the Canadian Accounting Standards Board ("AcSB") to work with the International Accounting Standards Board (IASB) to bring about potential solutions for the misalignment in the effective dates of implementing the new insurance contracts Standard and IFRS 9.

CLHIA Submission to IASB re Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts Exposure Draft

Published on 08/02/2016

Financial Reporting > International Financial Reporting Standards

The Association appreciates the IASB's efforts to address concerns about the misalignment in the effective dates of implementing the new insurance contracts Standard and IFRS 9. We are pleased to provide responses to the specific questions posed in the IFRS 4 exposure draft on Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts.

CLHIA comments on CAPSA's strategic plan for 2016-2019

Published on 29/01/2016

Pensions and Retirement > Retirement Income System Reviews

The Canadian Life and Health Insurance Association (CLHIA) appreciates the opportunity to provide input as CAPSA prepares its Strategic Plan for the 2016-2019 period.

CLHIA Submission on FSCO Mandate Review

Published on 18/12/2015

Distribution > Market conduct

Submission to the Ministry of Finance Expert Advisory Panel

CLHIA response to the Revised Cooperative Capital Markets Act and Draft Initial Regulations

Published on 16/12/2015

Insurance > Federal Legislation Segregated Funds (IVICs)

CLHIA Submission

GFIA comments on characteristics and indicators of terrorist risks

Published on 22/01/2016

Compliance International > Anti-money laundering/anti-terrorist financing Financial Action Task Force (FATF) Network of Insurance Associations

In response to a request from the Financial Action Task Force, the Global Federation of Insurance Associations surveyed insurers to see if they have developed terrorist financing characteristics and risk indicators.

Ontario Securities Commission Rule 91-507- Trade Repositories and Derivatives Data Reporting

Published on 01/02/2016

Capital and Assets Insurance > Securities Segregated Funds (IVICs)

CLHIA submission

2016 Ontario Budget Submission

Published on 29/01/2016

Taxation > Provincial and Territorial Taxation

Submission to Honourable Charles Sousa

2016 New Brunswick Budget Submission

Published on 18/01/2016

Taxation > Provincial and Territorial Taxation

Submission to the Honourable Roger Melanson

CLHIA comments on the November 2015 position paper, Modernizing the New Brunswick Insurance Licensing Framework

Published on 21/01/2016

Distribution > Advisor regulatory requirements Market conduct

Submission

CLHIA commends PMPRB on proposed changes to the price review process for new drugs (Section C.11)

Published on 11/01/2016

Prescription Drug Costs > Drug pricing

Comments on the Patented Medicine Prices Review Board's Initiative #2

CLHIA comments on the Revised Draft Capital Markets Act (“draft CMA”) and the Draft Initial Regulations

Published on 16/12/2015

Capital and Assets Insurance > Securities Segregated Funds (IVICs)

Submission

CLHIA Comments on FICOM's bulletin on creditor's group insurance (CGI)

Published on 04/12/2015

Distribution > Alternate distribution

Submission

CLHIA comments regarding Alberta's creditor's group insurance (CGI) and critical illness coverage

Published on 07/12/2015

Distribution > Alternate distribution

Submission to the Alberta Insurance Council

Identifying cost drivers influencing dental service fees in Alberta

Published on 30/11/2015

Group Insurance > Dental insurance

Submission

CLHIA comments on OSFI Draft Guideline E-22

Published on 26/11/2015

Compliance > Corporate governance

Submission

OSFI's proposed counterparty risk charge for life reinsurance ceded to registered reinsurers

Published on 24/11/2015

Risk Management > Reinsurance

Submission

Industry feedback to CADTH on proposed changes to the Common Drug Review and Oncology Drug Review Procedures

Published on 16/11/2015

Prescription Drug Costs > Drug pricing Pharmacare

Submission

GFIA Submission on US PFIC Tax Regulations

Published on 29/10/2015

International > International Taxation

CLHIA Comments on British Columbia's LLQP Course Providers

Published on 15/10/2015

Distribution > Advisor regulatory requirements

Submission

CLHIA Comments on Facilitating Pension Evolution

Published on 16/10/2015

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

Submission

CLHIA highlights policy priorities to Prime Minister Justin Trudeau

Published on 04/11/2015

Government Relations > Government Monitoring

Manitoba Budget Submission 2016

Published on 27/10/2015

Taxation > Provincial and Territorial Taxation

Pre-budget consultation

British Columbia's 2016 Budget Submission

Published on 15/10/2015

Taxation > Provincial and Territorial Taxation

Submission to the Select Standing Committee on Finance and Government Services

2015 and 2016 Alberta Budget Submission

Published on 14/09/2015

Taxation > Provincial and Territorial Taxation

Pre-budget consultation

Response to the New Brunswick Association of Optometrists

Published on 01/10/2015

Group Insurance > Employee benefit plans Regulated professions

Eye wear sales over the internet

CLHIA Comments on Proposed Draft Legislation: “Synthetic Equity Arrangements”

Published on 02/10/2015

Taxation > Federal Taxation

Submission to Finance Canada

Report on the Application of the Act respecting the distribution of financial products and services

Published on 30/09/2015

Insurance > Provincial & Territorial Legislation

Submission

LIFE AND HEALTH INSURANCE INDUSTRY WELCOMES THE ANNOUNCEMENT ON THE TRANS PACIFIC PARTNERSHIP (TPP)

Published on 05/10/2015

International > International Trade

The Canadian Life and Health Insurance Association (CLHIA) is encouraged by today's announcement of a successful conclusion to the TPP negotiations.

CLHIA expresses concerns to Federal Health Minister about costs of a national pharmacare program

Published on 22/09/2015

Prescription Drug Costs > Pharmacare

Letter to Honourable Rona Ambrose

Submission to Legislative Review of New Brunswick's Worker's Compensation Act

Published on 25/09/2015

Disability > Long term disability

The submission outlines our member's concerns and further explains how NB's current Worker's Compensation (WC) legislation has negatively impacted individuals with employer-sponsored group insurance plans.

CLHIA comments on British Columbia's initial public consultation paper on FIA and the Credit Union Incorporation Act

Published on 15/09/2015

Insurance > Provincial & Territorial Legislation

The association provided input on the Initial Public Consultation Paper for the Review of British Columbia's Financial Institutions Act & Credit Union Incorporation Act.

GFIA Comments on OECD paper "Conflicts of interest in retirement financial advice - Background report"

Published on 14/08/2015

International > Network of Insurance Associations

Submission

CLHIA Comments on Consultations on a Voluntary Supplement to the Canada Pension Plan

Published on 03/09/2015

Pensions and Retirement > Public pensions (OAS/CPP/QPP/GIS)

Submission to the Department of Finance

Regulation of Massage Therapists in Quebec

Published on 01/09/2015

Group Insurance > Regulated professions

CLHIA encourages the province to follow the lead of other provinces by regulating massage therapists

NEW NATIONAL STANDARD ESTABLISHED BY CANADIAN INSURERS AND RHEUMATOLOGISTS TO PROVIDE ACCESS TO BIOLOGIC DRUGS

Published on 02/09/2015

Health Care Policy Group Insurance Prescription Drug Costs > Generic drug pricing Employee benefit plans Catastrophic drug coverage Generic drug pricing Provincial & territorial drug program information Pharmacare

GFIA comments on IAIS consultation on draft issues on conduct of business in inclusive insurance

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

GFIA comments on IAIS draft paper on issues in regulation and supervision of microtakaful (Islamic microinsurance)

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

GFIA comments on IAIS issues paper “Conduct of business risk and its management”

Published on 13/08/2015

International > International Association of Insurance Supervisors (IAIS) Network of Insurance Associations

Submission to Health Canada regarding 'Potential Impacts of Draft Tamper-Resistance Properties of Drugs Regulations'

Published on 11/08/2015

Prescription Drug Costs > Drug pricing Provincial & territorial drug program information

Updating Pension Portability Rules for Retiring Plan Members in Ontario

Published on 10/08/2015

Pensions and Retirement > Employer pension plans

Recent changes to Ontario's Pension Benefits Act prevent defined contribution pension plan members from converting their entitlements to annuities once they pass normal retirement age, even if they are not receiving income payments from the pension plan. This submission recommends corrective, retroactive, changes to the PBA.

Submission to Finance Canada concerning the unintended scope of Bill C-377

Published on 05/08/2015

Taxation > Federal Taxation

Industry seeks amendment of section 149.01 of the Income Tax Act

CLHIA Federal Budget Submission 2016

Published on 11/02/2016

Taxation > Federal Taxation

Submission

CLHIA is pleased to respond to the New Brunswick Literacy Secretariat's consultation paper, engageNB Literacy

Published on 29/07/2015

Consumers > Financial Literacy Initiatives

The Canadian Life and Health Insurance Association (CLHIA) is pleased to respond to the New Brunswick Literacy Secretariat's consultation paper, engageNB Literacy.

CLHIA comments on the proposed regulation "Exception from Passive Income for Certain Foreign Insurance Companies"

Published on 23/07/2015

Taxation > International Taxation

Submission to the Internal Revenue Service

CLHIA recommends New Brunswick amend pension regulation to promote retirement income sustainability and harmonization with other jurisdictions

Published on 29/07/2015

Pensions and Retirement > Registered Products (RRSP, LIRA, RRIF)

Canada's life insurance industry recommends a simple regulatory amendment to reduce the risk that former members of pension plans will outlive their retirement savings

Canadian Life and Health Insurance Industry submission on Access to Prescription Drugs in New Brunswick

Published on 24/07/2015

Prescription Drug Costs > Drug pricing Provincial & territorial drug program information

Industry input to the Discussion Paper published by the Department of Health in June 2015

CLHIA's comments on the proposed Prearranged Funeral Services Act Regulation

Published on 28/07/2015

Distribution > Sales practices

Our comments on the proposed regulation relate to the provisions intended to establish special licensing requirements for funeral directors who sell prearranged funeral plans funded by insurance

Letter to the Canadian Pharmacists Association regarding an updated pharmacy claims standard

Published on 14/07/2015

Group Insurance > Regulated professions

Industry thoughts regarding our preferred governance approach for the updated claims standard.

CLHIA responds to Finance Canada consultation on the retail payments system in Canada

Published on 14/07/2015

Trade & Commerce > Payments System

CLHIA provides comments on consultation paper "Balancing Oversight and Innovation in the Ways We Pay"

Letter to David Dodge re Infrastructure and P3s

Published on 25/06/2015

Capital and Assets > Long-term investments

Canad's life and health insurance industry recommends that Alberta build on the success of Alberta Infrastructure and expand the use of P3s to fund long-term infrastructure projects.

APPOINTMENT: Mary Forrest

Published on 17/06/2015

CLHIA Governance > Board of Directors

The members of the Canadian Life and Health Insurance Association (CLHIA) have elected Mary Forrest, President and Chief Executive Officer, North America (Life) of Munich Reinsurance Company as Chair.

CLHIA Comments on FSCO Mandate Review June 2015

Published on 05/06/2015

Insurance > Provincial & Territorial Legislation

Submission on the Ontario Ministry of Finance's paper, "Review of the Mandates of the Financial Services Commission of Ontario, Financial Services Tribunal and the Deposit Insurance Corporation of Ontario"

CLHIA Comments on FSCO's Draft 2015 Statement of Priorities

Published on 08/06/2015

Insurance > Provincial & Territorial Legislation

Letter to Brian Mills, CEO and Superintendent of Financial Services (Interim)

GFIA Comments on India's Second Exposure Draft Regulations for Registration and Operations of Branch Offices of Foreign Reinsurers (excluding Lloyd’s)

Published on 12/06/2015

International > Network of Insurance Associations

Submission to the Insurance Regulatory and Development Authority of India (IRDAI)

Letter to Alberta's new Minister of Finance regarding premium taxes and long-term disabilty contracts

Published on 02/06/2015

Taxation > Provincial and Territorial Taxation

OECD's Revised Discussion Draft on BEPS Action 7 (Prevent the Artificial Avoidance of PE Status)

Published on 12/06/2015

International Taxation > Network of Insurance Associations International Taxation

GFIA response

LIFE AND HEALTH INSURANCE INDUSTRY WELCOMES NEW NATIONAL FINANCIAL LITERACY STRATEGY

Published on 09/06/2015

Consumers > Financial Literacy Initiatives

The Canadian life and health insurance industry congratulates Minister of State (Finance) Kevin Sorenson and Financial Literacy Leader Jane Rooney on today's launch of a national financial literacy strategy.

CLHIA encourages Saskatchewan to regulate massage therapists

Published on 22/05/2015

Group Insurance > Regulated professions

Submission

Insurance Association of China responds to GFIA's comments regarding C-ROSS

Published on 11/03/2015

Insurance Risk Management > Reinsurance Network of Insurance Associations

Response from the President of IAC

Submission to Ontario concerning the proposed regulations under Parts V & VII of the Insurance Act

Published on 19/05/2015

Insurance > Provincial & Territorial Legislation

GFIA Documents on OECD Discussion Draft on BEPs Action 3: Strengthening CFC Rules

Published on 01/05/2015

International > Network of Insurance Associations

The proposals in the discussion draft are complicated and conflicting, partly because they need to address both worldwide and territorial tax systems, which has resulted in inconsistencies due to the fundamental differences between the two approaches

Globe and Mail supplement April 2016

Published on 27/04/2016

Information Updates

Globe and Mail supplement April 2016

Response to Ontario Rheumatology Assocation regarding criteria for access to biologics

Published on 22/04/2015

Prescription Drug Costs > Drug pricing

Responding to the issue of harmonizing criteria for accessing biologics in rheumatoid arthritis.

LIFE AND HEALTH INSURANCE INDUSTRY WELCOMES BUDGET MEASURES

Published on 21/04/2015

Capital and Assets > Long-term investments

The Canadian life and health insurance industry welcomes a number of measures in today's federal budget. "We are particularly pleased with those aimed at enhancing opportunities for long-term investment," says President and CEO of the Canadian Life and Health Insurance Association (CLHIA) Frank Swedlove. "We support the increased funding for infrastructure, most notably the recognition that P3 alternative financing can be an effective contributor. We also support the further release of 50-year government bonds over the next year," he noted.

GFIA submission to B20 on this year’s International Trade Priorities

Published on 26/03/2015

International > Network of Insurance Associations International Trade

Highlights the importance of open markets and a level playing field in the global insurance sector.

GFIA comments on Ecuador's new regulatory and supervisory regime and the impact on the reinsurance market

Published on 13/03/2015

International > Network of Insurance Associations

GFIA believes such regulations could reduce the effectiveness of the Ecuadorian reinsurance market to support the development of the insurance industry, limit its ability to enhance the resilience of insurers and restrict the access to new modern international products and know-how.

HPRAC Consultation on Podiatry and Chiropody

Published on 20/03/2015

Group Insurance > Employee benefit plans

As an industry, we are supportive of change that assists in protection of the public and minimizing confusion. The proposed changes are a positive step towards those goals. However, these changes only address some of the concerns related to foot care in Ontario.

THE BETTER WAY - PUBLIC AND PRIVATE SECTORS WORKING TOGETHER TO REFORM PHARMACARE IN CANADA

Published on 26/03/2015

Prescription Drug Costs > Pharmacare

News Release

CLHIA Comments on OECD BEPS Action Plan 8, 9 & 10

Published on 23/02/2015

Taxation > International Taxation

The Canadian Life and Health Insurance Association comments on the Discussion Draft on Revisions to Transfer Pricing Guidelines (Risk, Recharacterization and Special Measures) that was released in December, 2014 by the OECD.

GFIA comments to the Insurance Association of China regarding recent proposals by the China Insurance Regulatory Commission

Published on 27/02/2015

International > Network of Insurance Associations

The Global Federation of Insurance Associations (GFIA) is concerned about recent proposals that would impose excessive capital charges and collateral requirements on transactions between Chinese ceding insurers and reputable, financially sound offshore reinsurers.

GFIA response to the IAIS public consultation on risk-based global insurance capital standard (ICS)

Published on 16/02/2015

International

The GFIA hopes that the IAIS finds this submission helpful in highlighting the many points of commonality in the insurance industry's thinking around the world

CLHIA Submission on Ontario Retirement Pension Plan: Key Design Questions

Published on 13/02/2015

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

The life and health insurance industry strongly urges the government to reconsider several of the key design elements of the ORPP in order to better promote the retirement income prospects of Ontario workers

NEW DATA SHOWS MAJOR PROBLEMS WITH ORPP DESIGN

Published on 12/02/2015

Pensions and Retirement > Pooled registered pension plans/PRPPs (and provincial variations)

New research for the Canadian Life and Health Insurance Association (CLHIA) raises significant concerns about the impact of the proposed Ontario Registered Pension Plan (ORPP) on the retirement savings of Ontario workers.

GFIA Comments on OECD Transfer Pricing Discussions

Published on 06/02/2015

International > Network of Insurance Associations

Comments on OECD Discussion Draft on BEPS Actions 8, 9 and 10: Discussion draft on revisions to Chapter I of the Transfer Pricing Guidelines (including risk recharacterisation, and special measures)

GFIA comments on Chairman Otoritas Jasa Keuangan's draft regulation on the “own retention and domestic reinsurance support”

Published on 26/01/2015

International > Network of Insurance Associations

We believe the announced draft regulation will need careful analysis before implementation to avoid unintended, potentially harmful effects on Indonesia and its citizens.

GFIA Comments on OECD Discussion Draft on "BEPS Action 7"

Published on 09/01/2015

Insurance

Preventing the Artificial Avoidance of Permanent Establishment (PE) Status

CLHIA Response to the Financial Consumer Agency of Canada's (FCAC) consultation paper, "Towards a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults"

Published on 23/12/2014

Consumers > Financial Literacy Initiatives

The Canadian Life and Health Insurance Association Inc. (CLHIA) is pleased to provide comments in response to the Financial Consumer Agency of Canada's (FCAC) consultation paper, "Towards a National Strategy for Financial Literacy, Phase 3: Young Canadians and Adults".

CLHIA Proposal on a Restricted Insurance Agency Licensee (RIAL) Advisory Committee of the Saskatchewan Insurance Councils

Published on 19/12/2014

Distribution > Alternate distribution

As indicated in our June 2013 proposal, we strongly believe the purpose of the Advisory Committee would be to ensure the Councils have the benefit of expert information and advice when dealing with issues involving RIALs. The Advisory Committee approach could provide access to such expertise without adding unnecessary or burdensome additional structures.

GFIA comments on the China Risk Oriented Solvency System (C-ROSS)

Published on 18/12/2014

International > Network of Insurance Associations

These provisions would impose excessive capital charges and collateral requirements on cross-border transactions between Chinese ceding insurers and reputable, financially sound reinsurers located in foreign jurisdictions.

GFIA Response to FSB Consultation on Critical Functions

Published on 17/12/2014

International > Network of Insurance Associations

GFIA supports the FSB’s encouragement of cross-border supervisory co-operation on resolution and trying to develop a common understanding of critical services. GFIA also welcomes the recognition that critical functions would differ according to jurisdiction and to particular market conditions and the implication that a one-size fits-all approach would therefore not be appropriate.

GFIA Response to IAIS Draft Procedures

Published on 17/12/2014

International > International Association of Insurance Supervisors (IAIS)

Given the decision to close all meetings by default and to exclude stakeholders from the IAIS annual conference, GFIA members remain concerned about the lack of face-to-face communication between the IAIS and stakeholders