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.