General

SSQ Individual Insurance and Retirement paints a positive picture for 2013

At SSQ Financial Group’s Annual Meeting held recently, the 2013 highlights featured the news that the Group obtained a 10.2% return on equity.

As for SSQ individual insurance and retirement, it continues to expand and enter into new partnerships with advisors and brokers across Canada. In fact, more than 3,000 new advisors and brokers have been signed in the past two years.

To meet the growing demand, several new positions have been filled in the business development team. A number of new sales and service representatives have joined our sales team. There is no doubt that our service and client satisfaction culture is successfully spread across the country through our offices in Toronto, Montreal, Quebec City, Calgary and Vancouver!

 

INSURANCE

Growth in individual insurance sales is exceptional. In 2013, individual life insurance sales increased by more than 112%, which represents a growth rate that is more than 40 times higher than the average life insurance sales in the industry.*

"We are especially proud that sales have more than tripled compared with AXA's sales at the time of the acquisition back in January 2012," said Marc Trépanier, Vice-President of National Business Development.

*Based on the information in the LIMRA participant survey on individual life insurance sales in Canada (4th quarter 2013)

 

INVESTMENT

In an environment where the segregated fund industry has already seen more rapid growth, SSQ is staying ahead of the game. As can be seen in the data published by Investor Economics, the growth rate of SSQ segregated fund sales is nearly twice that of the industry average.**

**Based on data from Investor Economics survey on sales of seg funds in Canada (December 2013)