TORONTO, August 1, 2013 - Starting today, RBC Insurance is offering small to medium-sized Canadian businesses a full range of benefits for groups with as few as two employees. The new Group Benefit Solutions product, which includes health and dental insurance, delivers flexible coverage supported by an intuitive and comprehensive online portal for plan administrators and employees. It is designed to allow small businesses to offer employees the same range of value-added benefit programs that larger employers provide.
"There are more than one million small to medium-sized businesses in Canada and our research indicates that as many as 75 per cent lack group benefit plans," said John Carinci, head, Group and Business Markets, RBC Insurance. "Of those with plans, rising costs are a significant area of concern, yet nearly half are unaware that their plans can be customized to manage rising costs."
RBC Insurance's Group Benefits Solutions specifically address the needs of small and medium-sized businesses by allowing those business owners to offer benefit plans that are flexible and comprehensive, all with the added convenience of partnering with one carrier for all benefits. The Group Benefit Solutions product provides:
"RBC Insurance is offering a much-needed, leading-edge
new product and that is welcome news for small and medium-sized
business owners in Canada," said Paul Crossdale, consultant
with Morrow, Crossdale & Associates Inc. "When we
are advising clients on what to look for in their employee
benefit program, the top items include administrative support,
a member portal, easy renewal strategy, responsive customer
service, clear pricing model and reputability. RBC Insurance's
new product meets all this criteria and more."
About RBC Insurance
RBC Insurance®, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and reinsurance products and solutions, as well as creditor and business insurance services, to individual and group clients. RBC Insurance has more than four million clients globally. We are one of the largest Canadian bank-owned group of insurance companies and among the fastest-growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe, and is the brand name for the insurance operating entities of Royal Bank of Canada.
For more information, please visit: www.rbcinsurance.com/groupbenefits.