Esurance launches in Ontario with smart technology and financial savings

Esurance is expanding its online auto and home insurance to Ontario. Esurance uses advanced technology to offer an easy online experience and intuitive tools that help take the hassle out of insurance – something that’s sure to appeal to digitally-minded Ontarians.

 

Esurance is here to help Ontarians understand their insurance options so they get the best value for their money. As Ontario residents continue to experience some of the highest home ownership and auto insurance costs in the country, a recent survey conducted by Leger found that almost half (45%) of Ontarians do not believe that their current insurance company wants to save them money and eight in ten (79%) would consider switching providers for one designed to save them money.

“We are absolutely thrilled to enter the Ontario market, because we know Ontarians are looking for an insurance company that will provide better value and an easy, effortless experience. Not only do we offer value in terms of dollars, we also help our customers save time by leveraging technology whenever we can,” said Saskia Matheson, General Manager, Esurance Canada.

Insurance can be complicated. That’s why Esurance simplifies the process starting with the initial quote, explaining in plain English how rates are calculated. This helps customers become well-informed and empowered to make smart decisions about their coverage. And the claims process is just as easy. Esurance responds fast using smart technology to help customers get back to normal as quickly and painlessly as possible.

“Our customers love that they have access to our services and their policy from anywhere, at their convenience.  What’s more, through our intuitive online tools, consumers can see exactly what coverage is right for them and where they’re saving money, bringing a new level of transparency to the insurance process,” said Matheson.

Better value at an affordable price

The survey also found that almost one in four Ontarians (38%)  believe their insurance provider doesn’t give them better value, and more than half (52%) would consider switching to one that offers value-add tools. Online policy management and easy billing are at the core of Esurance’s value-add approach.

Esurance is changing insurance for the better, leveraging technology to reduce some of the costs that encumber traditional insurance companies, so customers receive quality coverage at an affordable rate, with more ways to save. For instance, the Esurance DIY Home Inspection app is the industry’s first home inspection app tool that enables customers to self-inspect their homes for additional policy discounts.

In fact, there are more than 10 ways for Ontarians to easily reduce their home insurance costs with Esurance. For example, customers can bundle their home and auto insurance for additional savings, and new customers can take advantage of the “Welcome Home” discount when they switch to Esurance.

Drivers in Ontario can also benefit, with special rate savings for safe experienced drivers, including a good driver household discount.  At Esurance, the way drivers manage both their auto policy and their behaviour behind the wheel can qualify them for cash-saving discounts. And to help Ontarians make smart decisions about auto insurance, Esurance created Coverage Counsellor, a proprietary online tool that provides a customized car insurance estimate in minutes.

Though Esurance is one of the first companies to offer online auto and home insurance in Canada, knowledgeable experts are also available to review coverage options over the phone. As a member of the Allstate family, Esurance has the financial strength and reliability of one of the most trusted names in insurance.

Survey highlights and methodology

A survey of 1,000 Ontarians was completed online from July 10 – 13, 2017 using Leger’s online panel, LegerWeb. Key findings include:

  • Three quarters of Ontarians (76%) carry car insurance and more than half (54%) carry homeowner insurance
  • More than half (52%) of Ontarians noted that if there was an insurance company that provided value-add tools such as online policy management and easy billing, they would consider switching from their current provider and eight in ten (79%) felt the same way about a company designed to save them money
  • Almost half (47%) of Ontarians didn’t agree that their insurance company wanted to save them money
  • One in four (38%) people didn’t feel that their insurance company wanted to give them better value
  • Almost a quarter (22%) of Ontarians do not trust their insurance company to look out for their best interest

Esurance is an Allstate company, with homeowner and auto insurance available across the US, Alberta and Ontario. For more information, visit www.esurance.ca.

About Esurance®
Esurance provides homeowners and auto insurance direct to Canadian consumers in Ontario and Alberta and offers multiple insurance products in the U.S. including auto, homeowners, motorcycle, and renters. Esurance was a pioneer in offering insurance online in the U.S. in 1999. With an award-winning website and innovative tools, Esurance is the smart choice for tech-savvy consumers in Canada and the U.S. As a member of the Allstate family, Esurance is a reliable choice for insurance, offering anytime, anywhere service just a click, call, or tap away. For more information, visit www.esurance.ca or call 1-888-ESURANCE (1-888-378-7262).

SOURCE Esurance

B.C. regulators order insurance firm, payday lenders to stop ‘deceptive’ sales tactics

An insurance company has been ordered to stop selling policies through two payday lenders and provide refunds after an investigation by British Columbia regulators.

The Financial Institutions Commission says it has issued a cease and desist order against Western Life Assurance Company to stop the sale of creditor group insurance through Venue Financial Ltd. and Cashco Financial Inc.

It says the payday lenders aggressively and deceptively sold Western Life’s insurance products and are prohibited from such sales involving any insurer in B.C. until the commission is satisfied their practices are conducted properly.

“A collaborative investigation produced evidence that payday lenders, Venue Financial Ltd. and CashCo Financial Inc., engaged in aggressive and deceptive sales of Western Life insurance products,” says a written statement from the commission.

It partnered on an investigation with Consumer Protection BC, and says legally required disclosures are not being made to consumers who aren’t told they’ve bought the insurance or that it’s a voluntary product.

The joint investigation also found consumers are not given enough information, or an opportunity, to make an informed decision about  whether they want or need insurance that may be sold to people who aren’t eligible for coverage.

The commission says Western Life must contact everyone who’s been insured through payday lenders and provide details of the insurance they bought, confirm eligibility and offer to cancel the insurance and give refunds to affected consumers.

Beazley Canada strengthens its cyber risk team

Specialist insurer Beazley has appointed Miki Ho as cyber risk underwriter. Based in the company’s Toronto office, Mr Ho’s focus will be on developing Beazley’s portfolio of cyber liability and technology risks for large enterprises in Canada.

Mr Ho joins Beazley from Allianz where he was a senior underwriter for cyber and professional liability risks, following previous underwriting and broking roles with a portfolio of clients in the financial institutions sector.

Paul Bantick, Beazley’s Technology, Media & Business focus group leader says: “We are excited by the opportunities we see to support Canadian businesses against the risks of cyber liability and data breach. With the cyber and technology risk landscapes changing rapidly and the number of data breaches unabated, the demand for cyber insurance products is growing strongly. With Miki having joined our team, we are well placed to take advance of this growing demand and the opportunities that exist in the Canadian market.”

Phil Baker, head of Beazley Canada, adds: “Beazley is a market-leading provider of cyber liability, technology errors & omissions, and miscellaneous professional liability coverage, with a global team structured to deliver local solutions. Miki will play a pivotal role in delivering those local solutions to brokers and clients in Canada.”

Note to editors:

Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin AmericaAsia and Australia. Beazley manages six Lloyd’s syndicates and, in 2016, underwrote gross premiums worldwide of $2,195.6 million. All Lloyd’s syndicates are rated A by A.M. Best.

Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com

SOURCE Beazley

Safe-Guard Canada names new national account manager

ONTARIO, Canada — Safe-Guard Canada has named Richard Comrie as national account manager, responsible for overseeing client relationship management and business development.

Comrie brings a wealth of knowledge and expertise to the company, which serves the automotive aftermarket, RV, marine and motorcycle industries, and its clients, having spent over 25 years entirely devoted to the finance and insurance (F&I) industry, with a focus on business development, customer relations management and daily operations.

“I am proud to welcome Richard to the Safe-Guard team as National Account Manager,” said Scott Ashby, general manager of Safe-Guard Canada. “Our clients and their dealers continue to see business grow across Canada.”

He added, “Richard is coming on board at just the right time and will help take our clients and their dealers to the next level. As we continue to integrate with our clients and drive sales with our field teams, Richard’s deep F&I experience and client leadership are vital in supporting our client’s growth and development.”

Most recently, Comrie served as the director of new business development for LGM Financial Services. Prior to LGM, Comrie held various positions in the automotive industry with responsibilities spanning from business operations to national sales and credit management.

“I am excited to join a very progressive, client-centric organization like Safe-Guard. I look forward to building upon the strong relationships we have with our current OEM partners and their dealers, and I am committed to leading our partners and driving business development for each of the brands that Safe-Guard Canada supports,” said Comrie.

Source: Safe-Guard Products Canada press release

Desjardins Insurance announces changes to its leadership team

Press Release:

Gregory Chrispin, Senior Executive Vice-President of Wealth Management and Life and Health Insurance, is pleased to announce the following appointments.

André Langlois has been named Senior Executive Vice-President, Life and Health Insurance.

André will head up operations for Desjardins Insurance and all of its business lines, including: individual insurance, group and business insurance, group retirement savings and creditor and direct insurance. He will be responsible for managing the group savings firm Desjardins Financial Security Investments (DFSI) and the SFL and Desjardins Financial Security Independent Network (DFSIN) distribution networks. André has extensive knowledge of the life and health insurance sector, acquired over nearly 30 years with Desjardins Group.

Michael Rogers has been named Vice-President, Sales and Distribution.

In this national role, Michael will be responsible for individual insurance business development. He will also manage the SFL and DFSIN distribution networks and the group savings firm Desjardins Financial Security Investments, which has more than $14 billion in assets. Michael will be rolling out a renewed service offer for our distribution partners to contribute to their performance and strengthen their presence across the country. Relying on the expertise of 4,800 people and more than 10,000 distribution partners, Desjardins Insurance provides peace of mind to more than 5 million Canadians. With assets of $100.3 billion, the company is the fifth largest life and health insurance company in Canada.

Source:

John Bordignon
Media Relations – State Farm Canada

www.statefarm.ca

Sun Life Financial’s new headquarters officially opens

Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today celebrated the official opening of its new corporate headquarters at One York Street in the dynamic south core financial district. The 35-storey, 800,000 square foot office tower, designed to achieve Leadership in Energy and Environmental Design (LEED) Platinum certification, provides floor-to-ceiling windows, open workspaces, 200,000 square feet of retail, and connection to Toronto’s Union Station and PATH network.

“Our new building is bright and sustainable – inside and out,” said Dean Connor, President and Chief Executive Officer, Sun Life Financial. “It aligns with Sun Life’s transformation as we leverage the latest in digital innovation, data and analytics to create solutions for our Clients. At the same time, it offers our employees more choice and flexibility in how and where they work – supporting our culture of high performance, inclusion and collaboration.”

Clients are at the heart of Sun Life’s business, and are the inspiration for the Client Experience floor and the Ignite Studio at One York. With a leading-edge Digital Canvas and spectacular views, here is what employees, Clients and external visitors can expect when they come through the recently unveiled space:

  • Home to 2,000+ Canadian based employees, on 17 of 35 floors occupied by Sun Life.
  • 400+ collaboration and meeting spaces with a “Client-first” focus, reflecting the Sun Life brand.
  • A fully agile work environment, which allows teams, spread across multiple locations to connect and collaborate using technologies that cut across time zones and space.
  • Integrated and innovative technology including; a 40-foot Skyline Video Wall reflecting Sun Life’s global operations, an interactive Wall to scroll through news, social media, entertainment and more; a People Collage Wall to take photos and display them in real-time; and a Historical Timeline featuring a touch-screen display that allows you to dive into Sun Life’s rich history.
  • The Ignite Studio – a floor committed to digital and Client innovation and created for agile project delivery, design thinking workshops and innovation activities.
  • 100% of workstations use sit/stand desks – reflecting Sun Life’s commitment to wellness.
  • Sun Life’s commitment to environmental stewardship and sustainability including 300 bicycle racks, nine electric vehicle-charging stations, and two large rainwater cisterns, contributing to an anticipated annual savings of over five million litres of potable water.

 

“Sustainability is part of who we are as a company, reflecting our long-term commitment to employees, Clients and communities,” added Connor. “Our investment in One York is one more step along the journey of reducing our environmental impact. Leveraging technology, reducing the amount of energy we use during peak hours, and using less paper are just a few things we’re doing to keep sustainability top-of-mind.”

Called the Sun Life Financial tower, the eco-friendly property joins the Toronto skyline and is now ready to welcome Clients, advisors and employees at this bright and open business environment.

About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canadathe United States, the United KingdomIrelandHong Kongthe PhilippinesJapanIndonesiaIndiaChinaAustraliaSingaporeVietnamMalaysia and Bermuda. As of June 30, 2017, Sun Life Financial had total assets under management of $944 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Media Relations Contact:
Alessandra Nigro
Director, Corporate Communications, Sun Life Financial
T. 416-979-4884
alessandra.nigro@sunlife.com

SOURCE Sun Life Financial Inc.

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