Industry committee  It's neutral in our case because we always pay in the currency of the country where we do business. Insurance policies in the United States are payable in U.S. dollars. Reserves are accumulated in the United States in U.S. dollars. It's only in the area of profits and surpluses t

Industry committee  To the extent that our industry has a fair tax system, things are going well. The property and casualty insurance industry receives very few grants from governments, federal or provincial. Even our consumer compensation systems, when a business goes bankrupt, are completely finan

Industry committee  Regulation is indeed a very important matter. I don't believe we deny this objective. However, I feel that, across Canada, increasing emphasis is being placed on regulation that is based on principles rather than details. We Quebeckers very well understand what that means, since

Information & Ethics committee  The point of our recommendation was to examine these things and, through directives, to establish a procedure that would benefit everyone and not go completely to the other extreme, of having to inform the commissioner of every situation, which could be counterproductive for the

Information & Ethics committee  In general, that remains a business risk. I think that the company must ensure that revealing information does not create more problems than it solves. In that respect, many of these things relate to the daily routine. Procedures will be adopted automatically and firewalls will b

Information & Ethics committee  I think that’s a good question. Your suggestion is probably very interesting. I think that, in any case, an insurer will do that if there is a serious information breach. It is clear that it will have to make risk-based decisions, if only with the insurance regulator, for example

Information & Ethics committee  I think it is necessary to exercise some discretion. We were talking earlier about encrypted information. Under those circumstances, since it is not useful to anyone, it might be more damaging to inform the public than to keep the information confidential. That’s one factor.

Information & Ethics committee  For consumers as well. It creates uncertainty for them. Besides, we were talking earlier about the information found on all the telemarketing lists. If it is already on all these lists, it may not be necessary to make a specific disclosure. That is the background to our decisio

Information & Ethics committee  In fact, the company doesn’t decide, it refers it to the commissioner.

Information & Ethics committee  Your personal information is safe with us, no question. I understand that you would like a public notice every time there is a possibility of an information breach.

Information & Ethics committee  It's section 39, the second paragraph.

Information & Ethics committee  No. My intervention will be quite short. I will develop only one point, concerning the situation in Quebec. Thank you very much. Another topic of importance, for the industry, relates to the provisions on individuals’ right to access information that concerns them. It is clear

Information & Ethics committee  No. We have made a change. It will be Mr. Zinatelli.