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Economical Insurance wins two awards for its Sonnet solution

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Economical Insurance announced it was recently awarded the 2017 Insurance Canada Technology Award and the People’s Choice for its new online direct solution, Sonnet. The company was given the award by Insurance-Canada.ca at its Technology Conference on February 28, 2017. “Economical is

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Category: Economical Insurance News

Economical announces Select Sweepstakes winner

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Michael Lawrence of Richmond Hill became the winner of the latest Select Sweepstakes by Economical Insurance and has won a 2017 Buick Verano. Lawrence works for Amaya Software in Ontario as a senior quality assurance software tester and says he was in a state of disbelief after being told he had

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Category: Economical Insurance News

Economical helps bring nutritional meals to schools in Waterloo

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Laurie Quinn, and employee at Economical Insurance and winner of the company’s employee volunteer grant program, presented her favourite charity with a $5,000 donation from the Waterloo, Ont.-based insurer. The donation will help provide a nutritious food menu for 19,500 in 136 school programs

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Category: Economical Insurance News

Economical pledges $450,000 to help prepare for natural disasters

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Natural disasters are becoming a more frequent concern for Canadians. They are increasing in frequency and in severity, causing a major impact on lives and leaving customers with major insurance concerns. Economical Insurance says that customers should have a preparedness plan for natural disasters

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Category: Economical Insurance News

Economical endorses CCIAP collision standards

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Waterloo-based Economical Insurance has announced its endorsement of the Canadian Collision Industry Accreditation Program (CCIAP). In doing so, the insurance provider becomes the first insurer to offer such an endorsement. CCIAP is a not-for-profit Automotive Industries Association (AIA) program

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Category: Economical Insurance News

Economical names Property & Casualty Insurer of the Year

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Waterloo, Ont.-based Economical Insurance has won the prestigious Property & Casualty Insurer of the year award at the 2016 Insurance Business Awards. The company is one of Canada’s leading P&C policy providers and has over one million customers around the country. The success follows after

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Category: Economical Insurance News

Economical named among best employers

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Economical Insurance has once again been named among the best employers in the Waterloo area for 2017. The status was given by Canada’s Top 100 Employers in its yearly search for the best organizations for employees in the country. Waterloo, Ont.-based Economical Insurance is celebrating its

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Category: Economical Insurance News

Auto Policy Growth Pushes Economical Insurance to Q3 Improvement for Personal Lines

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Economical Insurance has reported its third quarter financial results for 2016 and showed gross written premiums (GWP) of $550.3 million, up 6.7% from $515.9 million during the same period in 2015. The results take into account the period ending Sept. 30, 2016. The company also announced its

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Category: Economical Insurance News

Economical wins Platinum safety award

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The 2016 Waterloo Region Healthy Workplace Awards have recognized Economical Insurance with its Platinum award this year. Each year the prestigious award is given to a company that achieves Gold Level in health strategies four consecutive years. Economical has been noted for its work in raising

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Category: Economical Insurance News

Economical CEO Talks Sonnet and Growth

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Speaking at the IBAO annual conference, Economical Insurance president and CEO Karen Gavan said the company expects “significant growth” in its broker channel over the next five years. The outgoing chief executive was in the CEO Panel “Hot Seat” at the 96th Insurance Brokers Association of

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Category: Economical Insurance News

Economical keeps A- Credit Rating

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On October 21, 2016, A.M. Best affirmed its financial strength rating for Economical Insurance. The credit rating firm continues to rate Economical as A- (Excellent). The company also affirmed Economical’s subsidiaries with A- for Economical Mutual Insurance Company and its wholly owned

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Category: Economical Insurance News

Economical Insurance sponsoring Prostate Cancer Canada events

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Economical Insurance has announced a new $17,000 sponsorship to help Prostate Canada Canada’s Wake Up Call Breakfast events. The annual awareness events are coming soon and Economical will serve as sponsor, the company said in a release yesterday. Prostate Cancer Canada’s data shows that

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Category: Economical Insurance News

Economical Insurance Focused on Diversity

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One of Canada’s leading property and casualty insurers says it is bolstering its efforts to bring diversity and inclusion to the industry. Waterloo, Ont. based Economical Insurance says it is taking steps to ensure its employees cover a demographic as diverse as the Canadian population. “We

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Category: Economical Insurance News

New Branding and Website Announced

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Economical Insurance has announced a new branding effort, while also revamping its online experience. The Waterloo, Ont. based company’s refreshed brand and new website are both focused on giving customers a simpler experience, which offering a modern web space. In a press release, Economical

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Category: Economical Insurance News

Economical: $100,000 to JA Canada Education programs

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Economical Insurance has made a donation to JA Canada, the largest provider of youth business education programs in Canada. The announcement was made by the charitable groups in a press release. Waterloo, Ont. based Economical will contribute $100,000 to JA Canada, enabling the organization to reach

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Category: Economical Insurance News

Economical Donates to New Mental Health Location

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Economical Insurance has announced a $10,000 donation that will help pay for a portable Smartboard and five iPad Minis for patients of the Cornwall Community Hospital Foundation. Mental health is a big problem in Canada, with one in five Canadians affected by addiction or mental health. The Cornwall

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Category: Economical Insurance News

CUO Chris Van Kooten resigns

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Economical Insurance announced that its Senior Vice-president and Chief Underwriting Officer has decided to resign. Chris Van Kooten has decided to step away from his CUO position says Karen Gavan, President and CEO of Economical. No concrete reason for the executive reshuffle was given. However,

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Category: Economical Insurance News

Economical Q2 income nearly halved due to Fort McMurray event

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Aviva, Intact, The Co-operators, and just about every Canadian insurer in-between has shown how the Fort McMurray wildfire impacted their performance through the first half of this year. Some lost money, some saw profits fall, and all saw combined ratios rise. The latest to show the impact of

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Category: Economical Insurance News

Economical Insurance helping women in Hamilton area

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Economical Insurance and broker partner PV&V Insurance announced a $10,000 donation to the YMCA Hamilton. Specifically, the money will go towards helping impoverished women to stay healthy with access to food. The YMCA says these women can then participate in social enterprises and can gain skills

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Category: Economical Insurance News

Rowan Saunders named new CEO

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Rowan Saunders has been named as the new president and CEO of Economical Insurance. The company’s board of directors announced the news on Wednesday in an official press release. Saunders will assume the role on November 1 and will replace outgoing CEO Karen Gavan. The Waterloo, Ont.-based

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Category: Economical Insurance News


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