The Canadian Association of Financial Institutions in Insurance (CAFII) has announced that Chubb Life Insurance Company of Canada has joined as a new member.
As part of Chubb Life Canada’s membership, the company’s senior vice president and head of accident and health Rahul Kakar will join CAFII’s board of directors.
“The Board of CAFII is pleased to welcome Chubb Life Insurance Company of Canada as a member of our association,” said CAFII board chair and National Bank Insurance CEO Peter Thompson. “We look forward to working with Rahul and his colleagues at Chubb in fulfilling our mission to ensure that Canadians have access to an open and flexible insurance marketplace, with high levels of customer satisfaction.”
“I am delighted to be appointed to the board of CAFII,” said Kakar. “Together, we can take proactive steps to make insurance more accessible and simpler for Canadians while continuing to provide a great customer experience for our clients.”
Established in 1997, CAFII is a not-for-profit industry association representing financial institutions that sell insurance via distribution channels such as agents and brokers. The association works with government and regulators to create legislative and regulatory frameworks for the insurance sector.
Chubb Life Insurance Company of Canada is a division of Chubb Insurance Company of Canada, which has offices in Toronto, Calgary, Montreal and Vancouver. Parent company Chubb is one of the world’s largest publicly traded property and casualty insurance companies, with operations in 54 countries and territories.
Chubb last week unveiled the name of its new global climate business: Chubb Climate+. Chubb Climate+ will provide insurance products and services to businesses engaged in developing or employing new technologies and processes that support the transition to a low-carbon economy.
