MONTREAL, May 2, 2012 /CNW Telbec/ - Standard Life is pleased to announce the 27th International Insurope Conference, which will be held in Montréal from May 15-17 at the Westin Hotel. The event will provide an opportunity for Insurope network member insurance companies, their customers and intermediaries to discuss the challenges and demographic changes facing multinational employers with regard to managing group insurance plans.
As a group benefit plan provider, Standard Life sponsors the event and is the only Canadian insurance company that has been a member of Insurope for over 40 years. This is the first time since 1989 that the Insurope conference is being held in Canada.
This conference, which takes place every two years, uses an educational approach to encourage the sharing of ideas. This year's event theme is the economic backdrop to employee benefits solutions in an aging and increasingly health conscious society.
Founded in Europe in 1966, Insurope is a network of insurance companies that coordinates the implementation of group plans and is primarily specialized in pooling. The Insurope network, headquartered in Belgium and active in 80 countries, has close to 50 insurance companies as members and serves over 600 multinationals.
What is pooling?
Pooling is also referred to as mutualization of risks. As Jacques Latour, Vice-President, Sales, Group Insurance at Standard Life, explains, "pooling enables multinationals to consolidate their group benefit plans globally and benefit from greater purchasing power, economies of scale and risk sharing. It also leads to simplified management and lower plan costs."
About Standard Life
Standard Life plc is a leading long-term savings and investment company headquartered in Edinburgh, Scotland. Standard Life has approximately 6 million customers worldwide and operates in the United Kingdom, Europe, North America and Asia Pacific, and globally with Standard Life Investments.
In Canada, Standard Life has been doing business for almost 180 years. Standard Life Financial Inc., which wholly owns The Standard Life Assurance Company of Canada and Standard Life Mutual Funds Ltd., is Standard Life plc's largest operation outside the UK. With about 2,000 employees, it provides long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group benefit and retirement plan members.
As of March 31, 2012, Standard Life plc had C$330 billion in assets under administration, including C$42 billion in Canada through Standard Life Financial.
Valerie Lamarre
Senior Advisor, External Communications and Public Affairs
514-499-7999, ext. 8150 / [email protected]
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