By: Luke Jones, Published on July 6, 2017 07:16 PM, Last Update on July 31, 2017 04:17 PM
The Canadian Life and Health Insurance Association (CLHIA) has named its new president and CEO. Stephen Frank has been appointed, promoted from his most recent post of senior vice-president of policy.
Frank’s appointment was announced Tuesday, July 4. The executive has been with CLHIA since March 2010 and was previously 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.
"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."
Before his time with the CLHIA, Frank had numerous roles in transaction banking and financial strategy around the world. He is 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.