Market Report, "Canada Insurance Report Q3 2012", Published
2011 was a challenging year for Canada's world-class life insurance segment. Low interest rates, volatile financial markets, the complexities of changing regulation and, perhaps above all else, strong competition in most lines kept profits under downwards pressure. Nevertheless, the results that were published by the three largest listed life insurers - Great West Lifeco, Sun Life Financial and Manulife - highlighted these giants' strengths. Although the details differed from company to company, each highlighted the benefits of: deliberate focus on...
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