Canada: Insurance

Bill 30, Working for Workers Seven Act, 2025, ("Bill 30") received royal assent on November 27, 2025, and made numerous changes to the Employment Standards Act, 2000 ("ESA")...

First, there is the illness or injury itself. Then there is the letter from the insurer telling you that the benefits you were counting on will not be paid, at least not yet.

The Financial Services Regulatory Authority of Ontario ("FSRA") announced that it has paused work to finalize a proposed rule and licensing regime for Life and Health Managing General Agents...

Over the past decade, Jamaica has built a multi-layered financial protection system to manage natural disasters. This strategy is now being tested after Hurricane Melissa devastated the island, causing widespread destruction to homes, roads, and infrastructure.

The remaining Phase of OSFI's review of reinsurance contemplates possible changes to the MCT and LICAT capital guidelines, though no firm dates or timing for such changes have been released to date.

As anticipated in our 2024 Year in Review, there were several developments in the regulation of the insurance sector in Canada in 2025.