CLHIA responds to Finance Canada consultation on the retail payments system in Canada


Date de parution : 07/14/2015
Personne(s)-ressource(s) : Stephen Frank

June 18, 2015

Ms. Lisa Pezzack
Financial Sector Policy Branch
Department of Finance Canada
90 Elgin Street, 13th Floor
Ottawa, ON K1A 0G5

Re: Balancing Oversight and Innovation in the Ways We Pay

Dear Ms. Pezzack,

On behalf of the Canadian Life and health insurance industry, I am pleased to respond to the Department of Finance's consultation paper Balancing Oversight and Innovation in the Ways We Pay (Consultation Paper).

About CLHIA

Established in 1894, the Canadian Life and Health Insurance Association (CLHIA) is a voluntary non-profit association with member companies accounting for 99 per cent of Canada’s life and health insurance business.

The Canadian life and health insurance industry provides financial security products to almost 28 million Canadians and manages about two-thirds of Canada's private pension plans. The industry pays almost $1.5 billion in claims to Canadians each week, making the life and health insurance industry one of the heaviest users of the payments system in Canada...