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Bernard Naumann Takes the Helm at CLHIA
Meet Bernard Naumann, the freshly elected president of the Board of Directors at the Canadian Life and Health Insurance Association (CLHIA). With a hat trick of titles - president, CEO, and now association board president - Naumann's resumé boasts an impressive 25 years of industry experience.
As the leader of Munich Re, he's been Running Canada’s Reinsurance Life Strategy for the past four years. Under his watch, the firm's strategies for Canada and the Caribbean have seen significant growth, but that's not all. Naumann gained traction early in his career at an actuarial consulting firm, where he honed his skills in life insurance evaluation, system sales, data migration, and even supporting mergers and acquisitions.
In 2007, Naumann was named Senior Vice President of Individual Reinsurance and later took over as Senior Vice President of Reinsurance in 2016, overseeing all business sectors.
Naumann's education credentials shine with his University of Waterloo degree. He's also a Fellow of the Society of Actuaries (SOA) and the Canadian Institute of Actuaries, showcasing his commitment to the field. In addition, Naumann has been active in both organizations and served on the board of Munich Re Canada, the affiliate responsible for non-life insurance.
All About ACLIA
So, who exactly is the Canadian Life and Health Insurance Association (CLHIA)? Essentially, it's a voluntary membership organization that represents the 99% of Canada’s life and health insurance business[1][5]. Its members offer an extensive product range that includes life insurance, retirement savings plans, annuities, and supplementary health insurance.
With assets totaling over $1 trillion and employment of almost 180,000 Canadians, these insurance giants significantly impact Canada's economy[5]. To put it into perspective, nearly 30 million Canadians are beneficiaries of its members’ financial security products[5].
CLHIA's Influence
Beyond dominating the market, CLHIA also advocates for the interests of its members, serving as the voice of the life and health insurance sector in Canada[1][5]. The association rolls up its sleeves by working closely with policymakers and Canadian regulators, supporting consumer protection, and promoting efficient regulatory frameworks.
The future of cybersecurity and regulatory harmony are priorities for CLHIA. It champions harmonization efforts in cyber incident reporting, ensuring effective management, reduced regulatory burden, and improved consumer protection[5].
The public health sector in Canada is heavily influenced by CLHIA member companies, with nearly 70% of Canadians enjoying health insurance coverage provided by these titans[3]. This underscores the association's wide-reaching impact on the well-being of Canadians.
In his new role as the president of the Canadian Life and Health Insurance Association (CLHIA), Bernard Naumann brings his extensive experience in the insurance industry, having previously worked in a leading position at Munich Re, a renowned reinsurance company. As CLHIA represents the vast majority of Canada’s life and health insurance business, its impact on finance and business extends to Canada’s economy, employing almost 180,000 Canadians and managing assets exceeding $1 trillion.
