May 26, 2016

SSQ Financial Group and Mercer Canada form an exclusive partnership to offer products tailored to the needs of retirees

SSQ Financial Group is proud to announce a partnership agreement with Mercer Canada, a global consulting firm in the development and management of employee benefit programs. As of this summer, the agreement will provide for the launch of new individual health, travel and life insurance products for retirees of the companies in Mercer's Canadian portfolio.

This partnership is a perfect fit with SSQ’s strategic alignment: to provide innovative solutions adapted to the needs of customers all across Canada. The new program also consolidates the company's objective to go digital because the entire process, from application to insurance benefits, will be done 100% online.

"Mercer and SSQ really wanted to offer a distinctive digital solution to employees, many of whom lose their employee benefits when they retire. Moreover, this is a turnkey solution for employers who want to provide their employees nearing retirement with easier access to insurance coverage," said Carl Laflamme, Senior Vice-President of Group Insurance at SSQ Financial Group.

A recent Mercer study showed that less than 30% of employers offer benefits to their retirees. This program will offer a way to provide access to flexible and affordable insurance without requiring a financial contribution from employers.

About SSQ Financial Group

With $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada. The Group serves over 3 million customers and employs 2,000 individuals. SSQ Financial Group is recognized for its leadership in the group insurance industry and excellence and expertise in the investment sector. SSQ Financial Group has also made its mark through sustained growth in the general insurance and individual insurance markets.

For more information, please refer to the press release published by Mercer.