"Our new look is very distinct and will help to further differentiate our brand in the marketplace," said Economical's President and CEO Karen Gavan

WATERLOO, ON – Karen Gavan, president and chief executive officer of Economical Insurance, today announced the appointment of Alice Keung as senior vice-president and chief information officer (CIO). Ms. Keung joined Economical on November 17, 2015 as interim CIO and has been instrumental in leading the company’s IT organization since that time.

Twice named to the Top 100 Most Powerful Women in Canada, Ms. Keung has more than 25 years of experience directing large-scale project implementations and negotiating with external business partners.

“I am delighted to have Alice on our senior executive team,” said Gavan. “She is highly skilled at leading major business technology transformations and building high performance teams. I value her leadership as we implement our new policy administration system, leverage leading-edge technology and drive innovation in our business model.”

About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with approximately $2.0 billion in annualized premium volume and $5.3 billion in assets as at September 30, 2015. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.

SOURCE Economical Insurance

For further information, contact:
Doug Maybee
Economical Insurance
(T)519.570.8249
(C)519.404.0989
doug.maybee@economical.com

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