iA Financial Group adds travel insurance to its individual insurance offer

In collaboration with established partner, TuGo

QUEBEC CITY, Jan. 17, 2018 /CNW Telbec/ – iA Financial Group is proud to partner with TuGo, one of the largest providers of travel insurance in the country, to offer travel insurance and provide its clients with TuGo’s recognized quality customer service and expertise. TuGo has more than 50 years of experience assisting travellers across the globe.

Distinguishing features of this insurance:

  • Simplified eligibility criteria
  • Reliable emergency assistance anywhere in the world, 24/7
  • Multilingual customer service
  • myTuGo online client portal

“Travel insurance meets the needs of most people who are concerned with being properly protected when they travel, states Pierre Vincent, Senior Vice-President, Individual Insurance and Sales at iA Financial Group. We are proud to extend our product offer through our partnership with TuGo, a company that is recognized for the quality of the service it provides.”

iA Financial Group’s new travel insurance product is exclusively digital and can be obtained from an advisor or directly at ia.ca. There are no medical eligibility questions for travellers under 60; travellers 60 or older are only required to answer five simple questions.

About iA Financial Group
Founded in 1892, iA Financial Group is one of the largest insurance and wealth management companies in Canada. It also operates in the United States. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.

iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

SOURCE Industrial Alliance Insurance and Financial Services Inc.

The Co-operators introduces flexible individual health and dental plans

Co-operators Life Insurance Company has introduced a new way for Canadians to plan for the escalating costs related to health and dental care in their retirement. With ContinYou GOLDEN, retiring group benefits plan members and their families can easily transition to an individual plan that covers health, dental and emergency travel medical costs.

The flexible and affordable plans allow retiring plan members to choose the coverage most appropriate for them and their families. Retiring plan members who are covered by group benefits plans are eligible to apply for guaranteed lifelong individual health coverage with The Co-operators within 60 days of their group coverage ending.

“As Canadians age, they are faced with increasing healthcare costs. Items such as prescription drugs, medical equipment, in-home nursing care, dental treatment as well as emergency travel medical costs can be challenging to manage on a fixed income,” explained Conor Quinn, vice-president, group benefits at Co-operators Life Insurance Company. “That’s why we introduced a flexible solution that allows retirees to easily transition to an individual plan. ContinYou GOLDEN takes the worry out of planning for these costs after you retire.”

All plans include coverage for prescription drugs, accidental dental treatment, emergency travel medical treatment, in-home nursing care, medical items and prosthetic equipment, paramedical services and hospital accommodation. Enhanced plans include coverage for vision care, dental services and options to increase emergency travel medical coverage.

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

Leadership changes at Aviva Canada

Press Release:

Aviva announces that Greg Somerville has decided to step back from his role as President and Chief Executive Officer to become a non-executive director of Aviva Canada, effective March 1, 2018.

Colm Holmes, currently Chief Executive Officer of Aviva UK General Insurance and Chairman of Global Corporate and Specialty, will succeed Greg.

Greg has been with Aviva for over twenty-five years, the last four as President and CEO of Aviva Canada. Under his leadership Aviva Canada has grown significantly to become a leader in the Canadian P&C market, insuring 3 million Canadians, writing premiums worth $5 billion annually and employing 4,000 people.

Maurice Tulloch, CEO of Aviva International Insurance commented:
“I have known Greg for the past twenty-five years and want to personally thank him for his service and dedication to Aviva. He and I have been in discussions for several weeks about stepping back from the day to day running of the business and I am pleased we found a solution to suit all parties: Greg will continue to support Aviva Canada by providing strategic advice to the organization and I am delighted he will also join Aviva Canada’s board as a non-executive director.

Greg’s passionate support for Aviva’s customers, his tireless championing of industry and regulatory reforms, his strong relationships with brokers and his determination to grow Aviva have delivered a $5 billion business with 3 million customers. Greg has contributed greatly to transforming Aviva Canada into a leading insurer, a legacy he can be tremendously proud of.”

Colm was appointed CEO of Aviva UK General Insurance, the leading general insurer in the UK market and Aviva’s largest general insurance business, in June 2016. He leads a strong business with over $7 billion net written premiums (full year 2016 UK & Ireland GI), he has driven growth and innovation into product lines, as well as achieving high customer and broker satisfaction levels. Colm’s role as Chairman of Global Corporate and Specialty remains unchanged.

Prior to joining Aviva, Colm spent thirteen years with Zurich Insurance Group in New York and Switzerland holding roles which included CEO of their centrally managed business division and Group Treasurer and Head of Capital Management, where his responsibilities included management of Zurich’s Economic Capital models, Capital Markets, and liquidity and regulatory capital management. Before Zurich, Colm spent nine years with JP Morgan where, before leaving, he was Head of Structured Finance Services for Europe.

Tulloch continued:
“Colm’s appointment reflects the quality and depth of the management team across Aviva. I have worked closely with Colm for the last four years – he has a strong track record of delivering sustainable growth and a deep understanding of what customers and brokers need from Aviva. With his credentials, I’m confident Colm will drive Aviva Canada from strength to strength.”

Greg Somerville said:
“After more than twenty-five years in Aviva, the right time has come to step back from the day to day running of Aviva Canada. My focus – the priority of all of us in Aviva Canada – remains on supporting our customers, brokers and our distribution partners. Business continues as usual.

I’m proud to hand Colm a business in good shape for the future and a community of people who care deeply about our customers. Knowing Colm as well I do, the transitional period will be smooth and I look forward to helping him, and the strong management team at Aviva Canada, take this business from strength to strength as a strategic advisor and non-executive director.”

Colm Holmes said:
“I’m excited to join Aviva’s team in Canada. It is a huge honour and responsibility. I want to thank Greg for passing on a growing business and I look forward to getting to know our people, brokers and distribution partners better than I do already and continuing the excellent work already underway.”

About Aviva Canada

Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, leisure/lifestyle and business insurance to 2.9 million customers. A subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a bright and sustainable future for our customers and our communities.

Aviva Canada invests in positive change through the Aviva Community Fund, Canada’s longest running online community funding competition. Since its inception in 2009, the Aviva Community Fund has awarded $8.5 million to over 280 charities and community groups nationwide. Aviva Canada, bringing over 300 years of good thinking and insurance solutions to Canadians from coast-to-coast.

For more information, visit aviva.ca

SOURCE Aviva Canada Inc.

Benecaid Health Benefit Solutions Inc

Press Release:

Benecaid Health Benefit Solutions Inc is a health benefit company providing health insurance plans for small and medium sized businesses. Our personalized solutions can be adapted to the changing demands of your growing company. Ordering a health plan at Benecaid you can be sure that you can always manage the bottom line and pay only for what you really need.
At Benecaid our major goal is transparent and affordable health benefits administration to allow small company owners provide their employees with best health coverage, extended health care and thus ensure their safeness. Thousands companies all over Canada rely on us.

About Benecaid:

In 2000, Benecaid was formed by a group of Health Benefits Professionals who knew there had to be a better way. Since then, we’ve emerged as the leading alternative provider of health benefits plans for Canadian small and medium sized businesses. We know your business and employees are important, and you want to protect them.

Your trust is essential. That’s why we are members of the Third Party Administrators Association of Canada (TPAAC), the International Foundation of Employee Benefit Plans (IFEBP) and the Better Business Bureau. In addition, our claims adjudication is overseen by independent trustees who are Chartered Accountants.

Contact Us: 1-800-646-4964

health benefits plans

185 The West Mall, Suite 800, Toronto, Ontario, M9C 5L5

McDougall Insurance grows with merger

BELLEVILLE – McDougall Insurance and Financial is growing once again.

Chief executive officer Ross McDougall announced Monday that his company has merged with Worden Insurance & Financial Services of Oshawa effective immediately, and is “pleased to welcome the employees of Worden into the McDougall organization.”
Worden is a successful broker operating out of Oshawa with 13 employees. They now join with McDougall to form an independent broker with 33 offices in Eastern Ontario, the Ottawa Valley and Central Ontario with 350 employees with more than $275 million in property casualty premium and a strong and rapidly growing financial services division.

All Worden employees will remain with the organization with the exception of the owner, Donna Crawford, who has chosen to retire at this time. Their branch office location will continue. All other members of Worden management will continue with the organization after the merger.

“Worden Insurance & Financial Services is an excellent fit with the McDougall organization as we already operate a full branch in Oshawa which is split with both commercial and personal lines as well as financial services,” said McDougall.
At some time in the future the offices will merge into one location under the leadership of current Oshawa manager and partner in McDougall Insurance, Christian Hutchison.

“The merger will greatly enhance our critical mass in the City of Oshawa,” McDougall said. “As an independent broker we are committed to continuing our growth pattern and offering great service and great products for our customers.”
The news comes about a month after a similar move when McDougall merged with Mink Insurance Services in Midland. That merger resulted in 15 employees from Mink joining the McDougall team.

Source: www.intelligencer.ca

Wawanesa Launches Personal Cyber Protection Portfolio in Canada

The Wawanesa Mutual Insurance Company (Wawanesa), one of the largest Canadian property and casualty insurers, is launching a new portfolio of innovative cyber protection insurance products for Canadian homeowners and home-based businesses.

Effective January 1, 2018Wawanesa will be one of the first major insurance companies in Canada to offer a personal cyber product on a mass market basis. The cyber protection portfolio, currently unmatched in its comprehensiveness goes beyond any insurance offered today to meet individual consumers’ evolving needs and preferences.  It includes protection for:

  • Cyber-attack: recovery of data and restoration of systems that have been lost or damaged;
  • Cyber extortion: payments and assistance in responding to demands to damage, disable, deny access to or disseminate content from devices, systems or data;
  • Online fraud: coverage for scams that result in a direct financial loss to the policyholder and;
  • Data breach: payment for services if third-party private person data entrusted to a household resident is breached.

“We’re committed to being an industry leader – and innovator – in providing coverages that help Canadians protect themselves and their digital connections,” said Keith HartryWawanesa’s Chief Operating Officer. “As the world becomes more interconnected and criminals become both more invasive and sophisticated, we’re ready to safe-guard anyone who operates a connected home device, stores information electronically and accesses data online.”

Modern life is full of cyber risks and many homeowners or home-based business owners don’t realize this until it’s too late.

According to Statistics Canada, cyber-crime grew by 30% in 2016. The cost to the Canadian economy is estimated between $3 billion and $5 billion a year.

“Cyber-crime is not only increasing, it’s getting much harder to stop,” added Hartry. “And Canadians are looking for solutions that protect them and ultimately provide peace of mind.  And that’s what our portfolio is built to do.”

For information about the new cyber protection visit https://www.wawanesa.com/personalcyber/.

About The Wawanesa Mutual Insurance Company
Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,000 employees, Wawanesa proudly serves over two million policyholders through nine regional offices and 41 service offices in Canadaand the United States.  Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.

SOURCE The Wawanesa Mutual Insurance Company

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