Brookfield Annuity keeps eye on the future at annual insurance conference

Toronto – 12/09/16 – On Wednesday, December 7, KPMG held its annual Insurance Issues Conference at the Metro Toronto Convention Centre. The theme of the day was “Empowered for the Future: Seeing the Opportunity in Change” and Brookfield Annuity was ready. Mark Austin, Chief Risk Officer, was a member of the closing panel and shared his insights on the importance of innovation with approximately 500 conference attendees. “Disruptive companies like Uber have the potential to be both a threat and a partner to the insurance industry,” said Austin. “With technology’s capacity to alter both the market and its regulatory environment, it’s our job to keep our ears to the ground.”

“Collaborating with partners and maintaining a public presence is essential to a company like Brookfield Annuity – it’s all part of ensuring we maintain a clear-eyed view of the opportunities and the risks.” – Mark Austin, Chief Risk Officer, Brookfield Annuity

As a start-up, Brookfield Annuity is uniquely positioned to embrace the future. Brookfield Annuity’s smaller scale means agility, allowing the company to adapt to changes and leverage technology. Austin says that it’s also important for new companies such as Brookfield Annuity to participate in industry events – both as a potential recruiting channel and as a means to promote brand awareness.

“Conferences like these are great profile builders,” said Austin. “We were pleased to be a part of the day.”

About Brookfield Annuity

Brookfield Annuity, which is headquartered in Toronto, is a Canadian life insurance company that is primarily focused on providing group annuity solutions to defined benefit pension plans. Regulated by the federal Office of the Superintendent of Financial Institutions, Brookfield Annuity is a member of Assuris, a not-for-profit organization that protects Canadian policyholders if their life insurance company should fail. Brookfield Annuity is wholly owned by Brookfield Asset Management, a leading global alternative asset manager.

For more information, see www.brookfieldannuity.com.