La Capitale

AM Best Assigns Credit Ratings to La Capitale General Insurance Inc., La Capitale Civil Service Insurer Inc.; Affirms Credit Ratings of Certain Beneva Inc. Subsidiaries

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, SSQ, VIP, ICR, ERM, Credit, News, Industry, La Capitale, AM Best, AM, FSR, Long-term care insurance, Insurance, ALL, Risk management, Unica, La Capitale (company)

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) to La Capitale General Insurance Inc. (La Capitale General Insurance).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) to La Capitale General Insurance Inc. (La Capitale General Insurance).
  • In addition, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of a (Excellent) to La Capitale Civil Service Insurer Inc. (La Capitale Civil Service Insurer).
  • La Capitale Civil Service Insurer operates as a generalist within the individual insurance, group insurance, savings, personal lines and commercial product lines.
  • The ratings of La Capitale Civil Service Insurer, La Capitale General Insurance, Unica and LUnique consider the benefit that each entity receives operating as part of the larger Beneva organization in support of the common business strategy.

Beneva Selects Vitech's V3locity To Power Group Insurance Activities

Retrieved on: 
Tuesday, February 1, 2022
Growth, Retirement, View, AWS, SSQ Insurance, Contract, Organization, Policy, Ecosystem, ISG, Partnership, Amazon, Vitech Corporation, La Capitale, Industry, Multimedia, Amazon Web Services, Gartner, Solution, Investment, Health insurance, Financial adviser, Risk management, Insurance, QC, La Capitale (company), Lead

Createdby the coming together of LaCapitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada.

Key Points: 
  • Createdby the coming together of LaCapitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada.
  • "V3locity will be instrumental in strengthening our operational capacity, allowing us to grow our group insurance business across Canada," said Eric Trudel, Executive Vice-President and Lead, Group Insurance, at Beneva.
  • "We are delighted that Beneva has chosen V3locity as its core group insurance platform for the future," said Gary Sherne, Vitech's President of Insurance.
  • Policyholders of contracts issued by an insurance company of Beneva Group Inc. are members of SSQ Mutual and La Capitale Civil Service Mutual.

Beneva Selects the FINEOS Platform for Group Benefits Life & Disability Claims Management

Retrieved on: 
Thursday, July 8, 2021
Professional services, Technology, Other Professional Services, Insurance, Finance, Software, Types of insurance, Health insurance, Insurance, La Capitale, Accidental death and dismemberment insurance, Finance, Financial services, Organizations, SSQ Insurance

FINEOS Corporation ( ASX:FCL ), a leading provider of core systems for life, accident and health insurers globally, and Beneva , the largest mutual insurance company in Canada, have jointly announced a partnership agreement for Beneva to use the FINEOS Platform as its Group Benefits claims management solution for Disability, Life, AD&D, and Critical Illness.

Key Points: 
  • FINEOS Corporation ( ASX:FCL ), a leading provider of core systems for life, accident and health insurers globally, and Beneva , the largest mutual insurance company in Canada, have jointly announced a partnership agreement for Beneva to use the FINEOS Platform as its Group Benefits claims management solution for Disability, Life, AD&D, and Critical Illness.
  • Beneva will deploy the FINEOS Platform across their group insurance coverages, including Disability, Life, Critical Illness, and Accidental Death & Dismemberment, providing their staff with a unified view of the customer across all types of claims.
  • The FINEOS Platform is the leading claims processing software for the Life, Accident and Health insurance industry.
  • Used globally by over 60 insurance organizations, the FINEOS tracking software supports both group and individual claims on a single SaaS platform.

Canada's Largest Insurance Mutual, Beneva, Upgrades to Sapiens Enhanced Version of UnderwritingPro

Retrieved on: 
Wednesday, May 26, 2021
SSQ Insurance, La Capitale, Sapiens International Corporation, Organizations, Sapiens: A Brief History of Humankind, Tel Aviv Stock Exchange, Service companies, Companies

HOLON, Israel, May 26, 2021 /PRNewswire/ -- Sapiens Americas, a fully owned subsidiary of Sapiens International Corporation , (NASDAQ: SPNS)and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Beneva , Canada's largest mutual insurance provider, has successfully upgraded to Sapiens UnderwritingPro Version 11 .

Key Points: 
  • HOLON, Israel, May 26, 2021 /PRNewswire/ -- Sapiens Americas, a fully owned subsidiary of Sapiens International Corporation , (NASDAQ: SPNS)and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Beneva , Canada's largest mutual insurance provider, has successfully upgraded to Sapiens UnderwritingPro Version 11 .
  • Sapiens' digital user experience, greater configurability and security advances were all important for Beneva in making the decision to upgrade to Version 11," said Sbastien Nadeau, Director, Individual Insurance Solutions Optimization.
  • "The upgrade was completed on time and on budget, thanks to strong planning, communication and testing activities delivered by both Beneva and Sapiens."
  • Beneva was created through the coming together of La Capitale and SSQ Insurance to become the largest insurance mutual in Canada with more than 3.5 million members and customers.

TC Transcontinental Announces Closure of Transcontinental de la Capitale and Transcontinental Qualimax Plants

Retrieved on: 
Wednesday, June 17, 2020
Transcontinental, La Voix de l'Est, Le Quotidien, La Capitale, Le Soleil, Media in Canada, QUEBEC, Economy of Canada

MONTRAL, June 17, 2020 (GLOBE NEWSWIRE) -- Following the June 12 decision by the Cooprative nationale de linformation indpendante (CN2i) to permanently stop publishing its newspapers during the week, TC Transcontinental (TSX: TCL.A TCL.B) announces the definitive closure of the printing plants Transcontinental de la Capitale (Qubec City) and Transcontinental Qualimax (Gatineau), both located in the province of Qubec.

Key Points: 
  • MONTRAL, June 17, 2020 (GLOBE NEWSWIRE) -- Following the June 12 decision by the Cooprative nationale de linformation indpendante (CN2i) to permanently stop publishing its newspapers during the week, TC Transcontinental (TSX: TCL.A TCL.B) announces the definitive closure of the printing plants Transcontinental de la Capitale (Qubec City) and Transcontinental Qualimax (Gatineau), both located in the province of Qubec.
  • TC Transcontinental had maintained these plants in operation at the request of CN2i, publisher of Le Soleil, LeDroit, Le Nouvelliste, Le Quotidien-Le Progrs, La Tribune and La Voix de l'Est, because of their market proximity.
  • TC Transcontinental has ensured that employees of Transcontinental de la Capitale and Transcontinental Qualimax will be supported through their career transition.
  • Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 8,500 employees, the majority of which are based in Canada, the United States and Latin America.

La Capitale offers complimentary COVID-19 hospitalization coverage to insureds with Critical Illness insurance and their families

Retrieved on: 
Friday, May 8, 2020
Types of insurance, Economy, Service industries, La Capitale, Insurance, Group insurance, Critical illness insurance

This free coverage is for clients with Critical Illness insurance acquired individually, not through group insurance offered by an employer.

Key Points: 
  • This free coverage is for clients with Critical Illness insurance acquired individually, not through group insurance offered by an employer.
  • This measure affects thousands of families in all provinces across Canada," stated Jean St-Gelais, Chairman of the Board and Chief Executive Officer of La Capitale Insurance and Financial Services.
  • Coverage for COVID-19 hospitalization is a natural complement to Critical Illness insurance, when the consequences for a family are considered.
  • La Capitale Insurance and Financial Services, created in 1940, has a strong presence across Quebec and throughout Canada.

La Capitale is reducing group insurance dental care premiums by 60% to ease the burden on SMEs

Retrieved on: 
Monday, April 20, 2020
Economy, Finance, Money, Types of insurance, La Capitale, Insurance, Health insurance

Quebec, April 20, 2020 /CNW Telbec/ -La Capitale Insurance and Financial Services announced a 60% reduction of group insurance dental care premiums, a measure aimed at easing the burden on SMEs and employees to help them get through the COVID-19 crisis.

Key Points: 
  • Quebec, April 20, 2020 /CNW Telbec/ -La Capitale Insurance and Financial Services announced a 60% reduction of group insurance dental care premiums, a measure aimed at easing the burden on SMEs and employees to help them get through the COVID-19 crisis.
  • The confinement measures ordered by the authorities and the limits on certain services are resulting in fewer dental care claims.
  • At La Capitale, we believe this reduction should be reflected in the premiums paid by businesses for their group health insurance plan.
  • La Capitale Insurance and Financial Services, created in 1940, has a strong presence across Quebec and throughout Canada.

AM Best Comments on Credit Ratings of SSQ, Life Insurance Company Inc. Following Announced Merger With La Capitale Insurance & Financial Services Inc.

Retrieved on: 
Wednesday, January 29, 2020
Insurance, Professional services, Economy, Finance, Money, La Capitale, Types of insurance, SSQ, Mutual insurance, Insurance, SSQ Insurance

AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of SSQ, Life Insurance Company Inc. (SSQ) (Quebec, Canada) remain unchanged following SSQs recent announcement of its merger with La Capitale Insurance & Financial Services Inc. (La Capitale).

Key Points: 
  • AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of SSQ, Life Insurance Company Inc. (SSQ) (Quebec, Canada) remain unchanged following SSQs recent announcement of its merger with La Capitale Insurance & Financial Services Inc. (La Capitale).
  • The new entity will be the largest mutual insurance company in Canada with approximately 4,700 employees, and more than 3.5 million members and clients.
  • La Capitale and SSQ hope to realize operational efficiencies being mutual of a similar size and competing in the same geographic region.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .