ABC Financial Advisor
5 subscribers
123 photos
127 links
Download Telegram
How The Insurance Industry Works

C) Insurance companies employ underwriting operations to evaluate the risks and insurability of applicants. If the risks are acceptable, policies are approved and contracted with the policy holders.

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Insurance Products:

Property and Casualty (P&C) Insurance: Provides protection against loss of property (e.g., Home, Auto, Commercial property, Liability)

Life and Health Insurance: Term, Whole life, and Universal life policies * Plus Group life, Medical, and Dental care plans

Investment Vehicles: Segregated funds * Annuities

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
The Insurance Industry's Players:

1. Manufacturers are the insurance companies who create the insurance products and underwrite the insurance policies.

2. Distributors are the companies and individuals who act as agents.

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
The Insurance Industry in Canada:

198 property and casualty insurance companies

156 Life and health insurance companies

56 of the largest insurance companies in Canada have evolved into sophisticated financial services beyond traditional insurance.

Some of the largest insurance companies offer banking and investment products.

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Largest Insurance Companies in Canada:

* Manulife Financial * Canada Life Assurance Co. * Sun Life Financial * Power Financial * Fairfax Financial * Industrial Alliance Insurance * Desjardins Group * Intact Financial

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Canadian Insurance Industry:

* Manulife, Great-West, and Sun Life are among the 15 world’s largest life and health insurance companies.

* Served in 2018: 29 million Canadians.

* P&C insurers wrote direct premiums for home, auto, and business in 2017: $54.7 billion.

* The life and health insurance industry in 2018: 155,200 employees

* The P&C insurance industry in 2017: 126,200 employees

Book your consultation at Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Types of Securities Issuers:

1. Corporations issue bonds, stocks, debentures, or money market instruments

2. Governments issue bonds.

3. Some issuers, known as manufacturers, create investment products, such as investment funds, limited partnerships, and structured products, and receive management fees, etc.

Book your consultation at
Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Who are Distributors?

Distributors sell securities to investors, including Investment, Mutual fund, Exempt market, and scholarship plan dealers.

Distributors receive: 1. Dealing fees from issuers 2. Commissions or Fees from investors 3. Trailer fees from fund manager.

Book your consultation at
Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Commission-based and Fee-based Distributers

* Traditionally earned according to the commission-based model, there is an evolving trend of distributors, moving to a fee-based model.

* Under the fee-based model, the investor opens a fee-based account and pays a pre-determined fee based on the assets under management monthly, quarterly, annually.

Book your consultation at
Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement
Banking sector is the responsibility of the below regulators:

1. Department of Finance
2. Office of the Superintendent of Financial Institutions (OSFI)
3. Bank of Canada (BOC)
4. Canada Deposit Insurance Corporation (CDIC)

Book your consultation at
Https://ABCFinancialAdvisor.com

647-830-8080

#ABCFinancialAdvisor #Canada #Toronto #Vancouver #FinancialServices #FinancialAdvisor #FinancialAdvice #FinancialPlanning #RetirementPlanning #InvestmentManagement #Investment #Investing #Investor #Invest #Money #MoneyManagement #MutualFunds #RRSP #RESP #RDSP #TFSA #InsuranceManagement #InsurancePlanning #LifeInsurance #Insurance #InsuranceSpecialist #EstatePlanning #Estate #Financial #WealthManagement