A recent KPMG study concluded that a majority of insurers
are planning to increase mergers and acquisitions in the next three
years. The additional M&A activity is in response to increasing
competition and the emergence of new technologies. However, as
previously mentioned on this blog, insurers have yet to deploy
substantial capital to acquire innovative technologies.
In Quebec, a substantial legislative change is expected in the
next few months. The Quebec legislator, mindful of offering a
regulatory environment that is flexible and apt to respect the
evolution of technologies and consumers' needs, has adopted
Bill 141, An Act mainly to improve the regulation of the
financial sector, the protection of deposits of money and the
operation of financial institutions, on June 13. This
legislation, eagerly awaited by industry participants, is meant to
modernize the regulation of the financial sector, and more
specifically, to help financial institutions adapt to an
