What Happens in a Failure
Canadian Framework for Life and Health Insurance Resolution
Canada has a strong and coordinated framework in place to manage the rare event of a life and health insurance company failure. This framework brings together federal and provincial regulators, Assuris, and other key stakeholders to ensure policyholders are protected and financial stability is preserved.
Life and Health Insurance Resolution Process
In Canada, resolution focuses on ensuring that policyholders continue to receive their benefits with minimal disruption. This section outlines how resolution works, what triggers it, and the key roles Assuris and other stakeholders play in protecting Canadians during these rare but critical events.
Assuris’ Experience with Past Failures
Assuris has a long track record of protecting policyholders through the rare failures of life and health insurance companies in Canada. Drawing on decades of experience, we’ve worked closely with regulators and industry partners to ensure policyholders continue to receive their benefits without interruption.
