Canadian Life and Health Insurance Association

Fostering psychological safety in the workplace: 4 practical, real-life tips based on science

Retrieved on:

Thursday, May 4, 2023

It offers us a chance to highlight and discuss safety, health and harm prevention in the workplace.

Key Points:

It offers us a chance to highlight and discuss safety, health and harm prevention in the workplace.
Occupational health and safety is no longer simply about hardhats and steel-toed work boots — it’s also about psychological safety.

Psychological safety

A psychologically safe workplace is where employees feel comfortable taking risks and being themselves without fear of judgment, lateral violence (for example exclusion, bullying) or negative consequences.
A research initiative undertaken by Google called Project Aristotle identified psychological safety as the single most important factor for effective teams.
The researchers looked at a range of factors, including team size, member diversity, communication styles and leadership, among others.

Benefits of psychological safety

Choosing psychological safety is choosing to move away from shame and blame and move towards a culture of inclusion, openness and learning.
Several recent surveys on disability claims exemplify why employers should invest in employee psychological health and safety.
In a challenging labour market, fostering psychological health and safety is key to attracting and keeping talent.

Psychological safety in ACTion

While it’s clear psychological safety benefits employees and employers, fostering it requires a commitment to learning, unlearning and collaboratively facilitating change over time.
Creating psychological safety also requires a specific set of skills that many workplaces are ill-equipped to foster in leaders and in employees.
The ACT Matrix can increase psychological safety, collaboration, communication and psychological flexibility and reduce stress and emotional distress.

Strategies rooted in ACTion

The ACT Matrix provides us with several practical strategies for building psychological safety: 1) Notice your internal thoughts, feelings, and sensations.
Notice how they impact your behaviour in the upper quadrant (for example, do they shut you down?
This is different than setting goals or creating action plans.
There is no finish line for psychological safety, we just keep trying to make moves “toward” or contributing to psychological safety.
The ACT Matrix allows us to bring up such sensitive topics in the framework of “towards” and “away” moves.

EQS-News: Wüstenrot & Württembergische AG: Profit exceeds expectations

Retrieved on:

Saturday, April 15, 2023

Wüstenrot with strongest new home loan savings business in the company’s history and growth far above market average.

Key Points:

Wüstenrot with strongest new home loan savings business in the company’s history and growth far above market average.
We have a good grip on everything that we’re able to control ourselves.”
The Wüstenrot & Württembergische Group (W&W) recorded a very successful financial year in 2022.
With consolidated net profit of EUR 261.5 million, the financial planning group achieved a result that exceeded its own expectations.
Wüstenrot recorded an increase in gross volume of 59.4 per cent, the best new business figure in its history.

PartnerRe Ltd. Reports Third Quarter 2022 Underwriting Loss From Significant Industry-wide Catastrophic Losses and Nine Month 2022 Underwriting Profit, Demonstrating Strength of Franchise

Retrieved on:

Wednesday, November 9, 2022

Consulting, Professional Services, Insurance, Finance, Operating cost, View, P&C, Canadian Life and Health Insurance Association, Industry, Life, Company, Income, Reinsurance

PartnerRe Ltd. ("the Company") today reported net loss attributable to common shareholder of $387 million for the third quarter of 2022, compared to income of $70 million for the same period of 2021.

Key Points:

PartnerRe Ltd. ("the Company") today reported net loss attributable to common shareholder of $387 million for the third quarter of 2022, compared to income of $70 million for the same period of 2021.
Net loss attributable to common shareholder was $1,533 million for the first nine months of 2022, compared to income of $317 million for the same period of 2021.
PartnerRe President and Chief Executive Officer Jacques Bonneau commented, Our thoughts are with those impacted by the quarter's catastrophic activity.
Please click here to access the PartnerRe News page for the full release.

PartnerRe Appoints New CFO

Retrieved on:

Tuesday, September 6, 2022

PartnerRe Ltd. today announced that Abina Kealy has been appointed Chief Financial Officer and will become a member of PartnerRes Executive Leadership Team.

Key Points:

PartnerRe Ltd. today announced that Abina Kealy has been appointed Chief Financial Officer and will become a member of PartnerRes Executive Leadership Team.
Mr. Burnet will continue at PartnerRe until year-end to support the transition process and in a consultancy capacity through February 2023.
At the same time, I am pleased to welcome Abina Kealy as PartnerRes Chief Financial Officer of the PartnerRe Group and a member of the Executive Leadership Team reporting to me.
Mr. Burnet joined PartnerRe as Chief Financial Officer in 2020 based in Bermuda.

PartnerRe Announces New Chairman and Changes to the Board

Retrieved on:

Wednesday, July 13, 2022

PartnerRe President and CEO, Jacques Bonneau will also remain on the Board.

Key Points:

PartnerRe President and CEO, Jacques Bonneau will also remain on the Board.
At the same time, the Company announced that Enrico Vellano and Antnio Horta-Osrio have resigned from the Board, in connection with the close.
Commenting on the appointments, Jacques Bonneau said, On behalf of the Board, I would like to thank Enrico and Antonio for their valuable contributions during their time on the PartnerRe Board.
With these changes the PartnerRe Ltd. Board will comprise seven directors of which three are independent directors.

Green Shield Canada's Claim Watch to Participate in Data Pooling to Reduce Benefits Fraud

Retrieved on:

Monday, February 14, 2022

HBM, Green Shield Canada, Centre for Study of Insurance Operations, Fraud, AI, Program, GSC, Industry, Canadian Life and Health Insurance Association, Technology, Pharmaceutical industry

Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - Green Shield Canada (GSC),and its Claim Watch fraud investigation team are joining other benefit carriers in a new data pooling initiative led by the Canadian Life and Health Insurance Association (CLHIA).

Key Points:

Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - Green Shield Canada (GSC),and its Claim Watch fraud investigation team are joining other benefit carriers in a new data pooling initiative led by the Canadian Life and Health Insurance Association (CLHIA).
The aim of the initiative is to enhance how benefits fraud is detected and investigated using advanced AI technology.
Claim Watch has used an AI platform to analyze claims and identify benefits fraud since 2017 with positive results and, through our HBM+ division, has cooperated with other national carriers and third-party administrators to advance our fraud detection capabilities and outcomes.
While Claim Watch can access data related only to GSC claims, data pooling allows for a greater volume and wider scope of health claims and provider information to be analyzed and delivers a more in-depth view of suspicious activity.

CLHIA announces withdrawal of Guideline G19

Retrieved on:

Friday, May 31, 2019

Economy, Service industries, Finance, Insurance, Insurance industry, Canadian Life and Health Insurance Association

TORONTO, May 31, 2019 /CNW/ - The Canadian Life and Health Insurance Association (CLHIA) is announcing the withdrawal of Guideline G19 on advisor compensation for group benefits and group retirement services.

Key Points:

TORONTO, May 31, 2019 /CNW/ - The Canadian Life and Health Insurance Association (CLHIA) is announcing the withdrawal of Guideline G19 on advisor compensation for group benefits and group retirement services.
"Following extensive discussions with market players, including advisors and their associations, and careful consideration of what we heard, we have decided to withdraw this industry guideline," Stephen Frank, CLHIA's President and CEO said.
"Our industry is still strongly in favour of market transparency and plans to work closely with regulators and other stakeholders on these matters going forward."
Celebrating its 125th year in 2019, the CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business.

ClaimVantage's Stacy Varney Presents at CLHIA in Vancouver

Retrieved on:

Wednesday, May 1, 2019

Economy, Service industries, Finance, Insurance, Insurance industry, Canadian Life and Health Insurance Association

VANCOUVER, British Columbia, May 1, 2019 /PRNewswire-PRWeb/ --Stacy Varney, Global Head of Sales & Marketing at ClaimVantage, will present at the upcoming Canadian Life and Health Insurance Association conference (CLHIA) which will take place May 7th - 9th in Vancouver, Canada.

Key Points:

VANCOUVER, British Columbia, May 1, 2019 /PRNewswire-PRWeb/ --Stacy Varney, Global Head of Sales & Marketing at ClaimVantage, will present at the upcoming Canadian Life and Health Insurance Association conference (CLHIA) which will take place May 7th - 9th in Vancouver, Canada.
ClaimVantage provides innovative InsurTech solutions to the life and disability market to help insurance carriers overcome struggles with inefficient processes and legacy systems.
Stacy joined the ClaimVantage team in late 2018 to further establish the company in the InsurTech space.
The CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business.

Mark Sylvia of Empire Life Elected as CLHIA's 2018-19 Chair

Retrieved on:

Thursday, June 21, 2018

Finance, Insurance, Economy, Empire Life, Canadian Life and Health Insurance Association, London Life Insurance Company, Great-West Lifeco, Reinsurance companies, Berkshire Hathaway, Greig Woodring

TORONTO, June 21, 2018 /CNW/ - At today's Annual General Meeting of the Canadian Life and Health Insurance Association Inc. (CLHIA), Mark Sylvia, President and Chief Executive Officer, The Empire Life Insurance Company, was elected Chair of the Association.

Key Points:

TORONTO, June 21, 2018 /CNW/ - At today's Annual General Meeting of the Canadian Life and Health Insurance Association Inc. (CLHIA), Mark Sylvia, President and Chief Executive Officer, The Empire Life Insurance Company, was elected Chair of the Association.
"Our industry is a key contributor to Canada's economic success and my goal is to make sure that our voice continues to be heard," he emphasized.
During his term of office, Mr. Sylvia will be working with a Board of Directors including: newly elected Chair Elect Alka Gautam, President and Chief Executive Officer, RGA Life Reinsurance Company of Canada; past Chair, Paul Mahon, President and Chief Executive Officer, The Great-West Life Assurance Company/London Life Insurance Company/The Canada Life Assurance Company; and the following Directors:
G.N.
The industry provides a wide range of financial security products such as life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to more than 28 million Canadians.