July 19, 2018
SSQ Insurance in partnership with Allianz Global Benefits to step up its group insurance offer across Canada
SSQ Insurance is very proud to announce its partnership with Allianz Global Benefits, a leader in international employee benefits plans, who is a member of Allianz Group with 88 million clients world-wide. This exclusive agreement represents an important step in SSQ Insurance's pan- Canadian development plan.
“We are very proud to have concluded this agreement. This type of collaboration is a first for SSQ Insurance. By adding the expertise and global reach of Allianz Global Benefits to our service offer, we will be giving our current and future clients the advantages of international risk pooling,” said Geneviève Fortier, SSQ Insurance’s Senior Vice-President – Distribution.
International risk pooling makes it possible for an employer who has operations in several countries to pool the financial results of its various regional group insurance plans. By putting risk management on an international scale, it contributes to mitigating cost fluctuations among plans in different countries and providing better overall cost control of group insurance plans.
With this new partnership, SSQ Insurance believes it will be a major contender to provide group insurance for the Canadian employees of multinationals with Canadian subsidiaries.
“Being where our clients are is of key importance for us and is in alignment with our growth strategy in this important business segment of employee benefits. We are very proud to count a group insurance provider with growth ambition as well as excellence in service like SSQ Insurance as our new partner in Canada and welcome them warmly,” said Dirk Hellmuth, CEO of Allianz Global Benefits. “SSQ Insurance is the ideal partner to offer the Canadian subsidiaries of our multinational clients the full range of high-quality products and outstanding service, combined with strong financial security,” added Michael Sheu, head of operations at Allianz Global Benefits.
About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With assets under management of $12 billion, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs over 2,000 people.
Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector.
About Allianz Global Benefits
Allianz Global Benefits is a member of Allianz Group and provides employee benefit solutions to multinational corporations and global brokers at a global level. The spectrum of solutions encompasses the full range of protection, pension and asset management products and services via a global and local network of 97 Allianz subsidiaries and selected external insurance partners in 77 countries. Headquartered in Stuttgart, Germany, it has access to a team of international experts based in regional Allianz offices in Munich, London, Chicago and Singapore.
For more information about Allianz Global Benefits: www.allianzglobalbenefits.com