Mr. Speaker, insurance companies are indeed expected to follow prudent investment policies in order to protect the interests of the policy holders.
Last year we asked the Office of the Superintendent of Financial Institutions to examine the portfolios and report. The report showed that on average 80% of the investments of these companies were in bonds, either issued by governments or guaranteed by governments. Only 10% were in equities.
That having been said, I would be happy to have any advice from the hon. gentleman as to how we might further improve the situation.