The Canadian Life and Health Insurance Association (CLHIA) has appointed Stephen Frank as president and CEO.
Frank joined CLHIA in March 2010 and most recently served as senior vice-president of policy. His promotion was announced on Tuesday (July 4).
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"Canada's life and health insurance industry is entering one of its most intense eras of change, particularly in areas of public policy such as the industry's distribution and disclosure practices, and lowering prescription drug costs for all Canadians," Frank said. "We will continue to put our customers interests first and I look forward to working with governments and other stakeholders to develop solutions to these important issues."
As senior vice-president of CLHIA, Frank was responsible for “overseeing and advocating for the industry's extensive interests related to insurance distribution matters, health and disability insurance, the industry's anti-fraud strategy and overall policy strategy development and analysis including underwriting issues,” a CLHIA report reads.
Before joining CLHIA, Frank held senior roles in global transaction banking and financial strategy at a major bank. He was also a former economist in the Financial Sector Policy branch at the Department of Finance in Ottawa. He currently sits on the board of the Canadian Drug Insurance Pooling Corporation.
Frank is a recipient of a Master’s of Finance degree from the University of Cambridge, as well as a B.A. (Honours) Economics degree from Queen's University.
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