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Understanding 9/11The Effect of Banks Selling You Insurance Online
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Episode 25
The Canadian Bank Act prohibits the sales or marketing of insurance in branches. Now banks can sell insurance online because a website is technically not a branch. That's great news for banks because most Canadians already bank online --- 53% in 2008.
This podcast accompanies a blog post at Riscario Insider:
http://blog.riscario.com/2009/06/effect-of-banks-selling-you-insurance.html
The Canadian Bank Act prohibits the sales or marketing of insurance in branches. Now banks can sell insurance online because a website is technically not a branch. That's great news for banks because most Canadians already bank online --- 53% in 2008.
This podcast accompanies a blog post at Riscario Insider:
http://blog.riscario.com/2009/06/effect-of-banks-selling-you-insurance.html
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