Remarks by Assistant Superintendent Neville Henderson to the 2015 Life Insurance Invitational Forum, Cambridge, Ontario, December 1, 2015
Certainly there are a lot of unknowns in the Canadian life insurance business, but allow me to close by saying that Canada has a lot of advantages. There is excellent communication between the regulator and the institutions, whether or not we agree on how to resolve an issue. Our international activities have shown that we can act quickly compared to other jurisdictions. OSFI is a principles-based regulator that allows all to compete. We do not apply a one-size-fits all, rules-based mentality that may hinder some and favour others.