Great-West top ranked Canadian insurance company by the Carbon Disclosure Project

Great-West Lifeco Inc. today announced it has earned an A- rating from the Carbon Disclosure Project (CDP). Great-West Life was the top ranked Canadian insurance company and ranked among the top six financial services companies in Canada. This achievement reflects its commitment to sustainability across its operations, both in Canada and abroad.

“Our companies strive to help build a more sustainable future for generations to come, and one of the ways we contribute is through our work to reduce the environmental impact of our operations,” said Paul Mahon, President and CEO, Great-West Lifeco. “For the first time, we are reporting on our operations around the world and we are pleased that our commitment to sustainable practices in all of the countries in which we operate is being recognized.”

The CDP is a global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts. As part of the CDP’s climate change program, companies can earn a position on the “A List” by disclosing high-quality data related to their carbon emissions and the management of climate change related risks and opportunities.

CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.

The 2017 CDP Ranking comes just weeks after the Global Real Estate Sustainability Benchmark (GRESB) ranked GWL Realty Advisors number one in Canada and in the top 8% of real estate advisory companies around the world for its commitment to sustainable environmental, social and governance (ESG) practices.

GRESB is the world’s leading benchmark for evaluating and ranking the sustainability practices of real estate companies. It is used by the investor community to better understand real estate companies’ ESG activities and the sustainability performance of their portfolios.

“The top rankings from both the CDP and GRESB are a reflection of a strong commitment to continuous improvement in all areas of our operations,” said Stefan Kristjanson, President and Chief Operating Officer, Canada, Great-West Life. “These accomplishments are only made possible through the dedicated efforts of our employees, who I want to thank for their unrelenting drive to serve our customers.”

About Great-West Lifeco Inc.
Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Lifeco has operations in Canadathe United States, and Europe through Great-West Life, London Life, Canada Life, Irish Life, Great-West Financial and Putnam Investments. Lifeco and its companies have approximately $1.3 trillion in consolidated assets under administration as of June 30, 2017 and are members of the Power Financial Corporation group of companies. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO. To learn more, visit www.greatwestlifeco.com.

SOURCE Great-West Lifeco Inc.

“We aim to protect the individual Arsenal fan experience when they want to go to a game, whether they’re travelling from Islington or India, Sydney or San Francisco.

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InsuraSync Insurance Compliance Management Program Offers Peace of Mind for Property Managers

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Co-operators: New business insurance coverage provides privacy breach protection

To help protect companies from the rapidly growing threat of privacy breach, Co-operators General Insurance Company introduced a new product today that provides insurance coverage and risk management solutions for Canadian businesses. The coverage complements commercial insurance policies and is designed not only to cover costs associated with a breach and the resulting liability, but also to provide expert loss prevention advice and support in effectively responding and recovering from such an incident.

The new Privacy Breach product provides two distinct coverage offerings to meet the changing needs of small and medium companies.

“Cyber criminals are continually devising new ways to access personal data online, and virtually every business in Canadais at risk. As large companies improve their data security, cyber criminals look for easier targets, putting small and medium businesses at greater risk,” said Rob Wesseling, president and CEO of The Co-operators. “Having good data security measures can reduce the risk of privacy breach, but no company can eliminate it altogether. We are committed to helping to protect Canadian businesses, and our privacy breach coverage provides the resources and coverage to help them before, during and after a breach.”

Privacy Breach Expense covers costs of responding to and mitigating the impact of a privacy breach. Privacy Breach Liability covers the amounts a company is deemed legally liable for, as a result of a breach. The product also provides clients with access to CyberScout, a leading provider of preventative education, proactive protection services and incident remediation support, to help reduce companies’ risk and effectively respond in the event of a privacy breach.

A privacy breach is an incident resulting in improper or unauthorized access, collection, use or disclosure of sensitive or protected personal information. Some of the most common privacy breaches occur when personal information is stolen, lost or mistakenly shared. Such incidents can do serious harm to a company, including reputational damage, lost revenue, significant legal expenses and fines. A recent study by Juniper Research predicted that criminal data breaches will cost businesses a total of $8 trillion globally over the next five years.

The new Privacy Breach coverage is available from Co-operators advisors across the country.

About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $48 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.

The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt and Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.

SOURCE The Co-operators

RSA Canada appoints first SVP and Chief Underwriting Officer

Press Release:

RSA Canada announces the appointment of Steve Cohen as Chief Underwriting Officer.

RSA is pleased to announce the appointment of Steve Cohen to the newly created role of Senior Vice President and Chief Underwriting Officer.

The SVP and Chief Underwriting Officer role was created to build upon the progress RSA has made in advancing core underwriting and pricing capabilities over the last few years.  Steve will be joining RSA during the first quarter of 2018 and will be responsible for head office underwriting, pricing and reinsurance across both Personal and Commercial Insurance portfolios.  Reporting directly to RSA’s President & CEO Martin Thompson, Steve will also be responsible for enhancing RSA’s capabilities in data, analytics and growth.

“We are thrilled to welcome Steve to RSA. Steve’s extensive experience in the insurance industry will help us further embed best in class capabilities in underwriting and pricing.” says RSA President & CEO Martin Thompson.

For more information about RSA Canada visit www.rsagroup.ca or check us out on Twitter at @RSACanada.

About RSA
With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. Focusing on general insurance, RSA’s core markets are the UK and Ireland, Scandinavia and Canada with the capability to write business across the globe. We have around 13,500 employees across the core business and, in 2015, our net written premiums were £6.8 billion.

About RSA Canada
RSA Canada includes Royal & Sun Alliance Insurance Company of Canada (www.rsagroup.ca), The Johnson Corporation and its affiliates (www.johnson.ca), RSA Travel Insurance Inc. (www.rsatravelinsurance.ca) which operates as RSA Travel Insurance Agency in British Columbia, Canadian Northern Shield Insurance Company (www.cns.ca), Western Assurance Company (www.westernassurance.ca), Ascentus Insurance Ltd., and Quebec Assurance Company.

©2017 Royal & Sun Alliance Insurance Company of Canada. All rights reserved. RSA, RSA & Design and related words and logos are trademarks and the property of RSA Insurance Group plc, licensed for use by Royal & Sun Alliance Insurance Company of Canada. RSA is a trade name of Royal & Sun Alliance Insurance Company of Canada.

SOURCE RSA Canada

belairdirect launches app to reward good driving with discount on insurance

Many of us take pride in being good drivers and to help reward these drivers in Alberta and British Columbia, belairdirect is launching a new app called automerit.

Besides the bragging rights of being a good driver, the automerit app assesses customers’ driving skills, helping them save on their insurance premiums while providing valuable insight into their driving habits. belairdirect customers will have the data right at their fingertips as proof of their good driving behaviour – and have an opportunity to earn a personalized discount of up to 25% on their car insurance premiums.

“We recognize that good driving should be rewarded and the launch of the automerit app in western Canada is just one of the many ways belairdirect is setting itself apart within the insurance offering space,” said Henry Blumenthal, Vice President of Sales and Operations Western Region, belairdirect. “Alberta and British Columbia offer some of the most scenic drives in Canada and the fall is the perfect time to take on a road trip. We hope our customers think of us as their driving partner and let automerit provide insight into their driving behaviour and reward them for their good habits.”

The key factors used to determine the potential discount include:

  • Hard braking: Hard braking increases the risk of being involved in an accident. The app will calculate the ratio of hard braking events on total kilometres driven to determine your personalized hard braking factor.
  • Rapid acceleration: Rapid accelerations increase the risk of being involved in an accident. The app calculates the ratio of rapid acceleration events on total km driven to determine your personalized rapid acceleration factor.
  • Time of day: Driving between 12 a.m. and 4 a.m. increases the risk of being involved in an accident. Many elements such as reduced visibility and fatigue, make this time of day the riskiest. Knowing this, the program evaluates the time of day that you’re driving to determine your personalized high-risk period factor. The less often you drive during risky periods, the more you could save.

The app is available to belairdirect customers. In order to receive the personalized discount on renewal, customers must complete an assessment period. For enrolling, eligible customers could receive a one-time 5% discount on their car insurance premiums, which will be replaced by a personalized discount of up to 25% on their next renewal following the assessment period.

To participate in the automerit program, customers must have an:

  • iPhone 5S;
  • iPhone 6/6 Plus;
  • or a more recent model with iOS 8.2 or later;
  • or an Android device with version 4.3 or later.

For the full details of the automerit program, please visit www.belairdirect.com.

About belairdirect
Founded in Quebec in 1955, belairdirect provides car and home insurance products directly to consumers. It currently employs more than 1,600 people. The company offers a simple but complete solution, allowing customers to communicate with an agent by phone, online or in person through its network of branches. belairdirect was the first property and casualty insurer in North America to sell car insurance products online (www.belairdirect.com), attesting to the company’s innovative character. belairdirect is a subsidiary of Intact Financial Corporation, the largest provider of property and casualty insurance in Canada (TSX : IFC – www.intactfc.com).

SOURCE belairdirect

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