Q1 2023 highlights (compared to restated Q1 2022)
Air passenger traffic regained momentum in 2022, according to IATA, as travel restrictions were removed and passengers showed strong interest in travel. Passenger traffic grew from 42 per cent of pre-pandemic (2019) volumes in 2021 to 69 per cent in 2022.
Stephen Frank, President and CEO of the CLHIA, says fraudsters are mounting more sophisticated schemes, and that the industry has adjusted, as a result. “We’re putting more resources into fraud prevention and detection, we’re investing more in technology, and generally spending more energy on combating fraud collectively across the industry. Empire Life has been a huge partner in that, and really a driving force on helping us get to where we are,” said Frank.
In this Off the Cuff video, Ashley Misquitta, CFA, Senior Portfolio Manager and Investment Strategist, shares what it will take for the economy to transition from fossil fuel to more renewable energy resources, and where the team see potential investment opportunities.
Ontario and Saskatchewan are the latest provinces to adopt biosimilar initiatives. Biologic drugs generally cost over $10,000 per patient per year. Biosimilars can be created once the patent for the biologic expires, and they cost much less. Biosimilar initiatives aim to transition patients from biologics to biosimilars wherever possible.
CapIntel will level up wholesalers’ digital toolkits, enabling better advice and options to advisors.
In this Off the Cuff video, Fixed income senior portfolio manager Albert Ngo discusses inflation, economic growth and possible outcomes for the market.
Q4 2022 highlights (compared to Q4 2021)
Full year 2022 highlights (compared to full year 2021)
(Kingston, ON – February 23, 2023) – The Board of Directors of The Empire Life Insurance Company (Empire Life) today declared the following cash dividends:
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Paul Holba, Senior Vice President and Chief Investment Officer, announces the appointment of Ashley Misquitta, CFA, Senior Portfolio Manager, as Investment Strategist for the Empire Life investment team. This expanded role will see Ashley conduct research and provide insight that will add another layer of information for the team to use when making investment decisions.
Ashley will further use these insights in various mediums to help inform and educate advisors and investors about any major events or changes impacting global markets.