Manulife Growing Canadian Insurance Business Markets Insider

WATERLOO, ON, June 19, 2018 /CNW/ - Manulife today asserted its plans to further strengthen its leadership position in the Canadian insurance market. A key component of this plan is the launch of its Manulife Par participating whole life insurance product and an artificial intelligence algorithm that will transform the underwriting process. The whole life insurance market represents over half of all insurance sales in Canada*. By launching Manulife Par, satisfying advisor and client demand, and relying on Manulife's well-established network of advisors, the Company is confident it will gain market share. "Manulife has a proud 130-year history of innovation and leadership in insurance," said Alex Lucas, Head of Individual Insurance, Manulife.