The insurance sector is governed by a set of federal and provincial laws covering personal, property, and liability insurance. Changes to the economic, natural, and technological environment bring with them new risks, new products and markets, as well as new distribution networks. The wave of convergence sweeping the financial services industry is causing insurance companies to consolidate their operations and update their procedures and relations with all their partners. Whatever their challenges or business strategies, insurers must fully understand the legal environment in which they operate.