Three of Great-West Lifeco’s subsidiaries—Great-West Life Assurance, London Life Insurance and The Canada Life Assurance Company—will operate under Canada Life. Thirteen million Canadians will be affected by the shift, which is subject to regulatory approval. (Globe and Mail)
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Three of Great-West Lifeco’s subsidiaries—Great-West Life Assurance, London Life Insurance and The Canada Life Assurance Company—will operate under Canada Life. Thirteen million Canadians will be affected by the shift, which is subject to regulatory approval. (Globe and Mail)
Talking point: A low interest rate environment is putting pressure on insurance companies, and investing in technology is a path to being more cost-efficient, according to PwC Canada partner Keegan Iles. Being part of the Power Corp. portfolio, however, could give Great-West Life an advantage in the evolving sector. Power Corp. has had its tech portfolio companies collaborate in the past to push solutions to market. Toronto-based League, for example, brought virtual healthcare provider Dialogue into its platform in July 2017. Both are Power Corp. investee companies. Great West-Life went on to expand Dialogue across Canada through its platform in December 2018.
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