The Global Federation of Insurance Associations has announced the election of a new Vice President, Stephen Frank, president and CEO of the Canadian Life and Health Insurance Association (CLHIA).
Frank has worked in the financial services sector for over two decades and has led the CLHIA since 2017, having joined the company in 2010 as Director – Policy Development and Analysis.
During his time with CLHIA, the executive held a number of roles, including Vice President – Policy Development and Health and Senior Vice President – Policy. Previous to working for the CLHIA, he held leading roles in the banking industry.
Commenting on his appointment, Frank: “I’m pleased to be able to take on this role particularly at this important time for GFIA. It’s especially important that global policymakers understand that insurance is it’s own sector, with it’s own risks and realities. Regulations designed for deposit-taking institutions or fintech intermediaries rarely work well for insurers.
“In addition, our unique capabilities make us a critical partner to help address many of the most pressing challenges we all face – from protecting individuals from climate change risks, saving for retirement or protecting their loved ones from unforeseen events.
“I’m excited to help advance these discussions with regulators and governments in the coming years.”
