Canadian insurers welcome competition report

The Canadian Life and Health Insurance Association (CLHIA) welcomes the Competition Policy Review Panel's report, Compete to Win. "The life and health insurance industry is pleased that the report recognizes that it is vital for Canada to enhance its competitiveness both domestically and internationally," said Frank Swedlove, President of the CLHIA in a press release.

The industry was particularly pleased with the Panel's recommendations for; 

• The continued reduction in capital, corporate and personal income taxes, as well as ensuring that Canadian companies operate on an equal footing abroad

• The federal government providing leadership and working with the  provinces in the elimination of all internal trade barriers

• The implementation of measures to ensure that Canadian companies have  access to a skilled workforce

These recommendations are consistent with those made by the life and health insurance industry in its response to the Competition Policy Review Panel's Consultation Paper, Sharpening Canada's Competitive Edge, the press release concludes.

Posted by Chantal Marr.