WATERLOO, ON, November 24, 2017 — Economical Insurance, one of Canada's leading providers of home, auto and commercial insurance, is proud to be recognized for the third year in a row as one of Waterloo Area's Top Employers for 2018 by Canada's Top 100 Employers.
The annual list selects the top 15 companies in Kitchener, Waterloo, and Guelph, recognizing employers that lead their industries in offering exceptional places to work.
"Being recognized as one of Waterloo Area's Top Employers is an enormous honour to Economical," said Louise Taylor Green, Senior Vice-President and Chief Human Resources Officer. "The fact that we're competing for, winning, and retaining top talent in a city that has some of the best and brightest minds is quite an achievement.
"What we offer prospective employees — our culture and work practices — makes us such an attractive place to be. People see that the work we do here is rewarding, the environment is fun, and we have an ambitious strategy that will provide exciting opportunities to contribute meaningfully."
In its submission, Economical highlighted how it had become a multi-channel company with the launch of its direct digital channel, Sonnet; the development of a new employee value proposition; the evolution of its community giving program to feature corporate matching of employee donations and opportunities for local offices to nominate and vote for a local charity to receive a $5,000 donation; and continuing to foster a learning culture through the Dependent Children Scholarship program.
To select the winners, judges evaluated local companies to determine which ones offer the most progressive and forward-thinking programs based on the following criteria:
- Physical Workplace
- Work Atmosphere and Social
- Health, Financial, and Family Benefits
- Vacation and Time Off
- Employee Communications
- Performance Management
- Training and Skills Development
- Community Involvement
In October, Economical was recognized with a Waterloo Region Healthy Workplace Award for the fifth consecutive year. Economical won Platinum for sustaining a Gold-level award for three years running, recognizing the company's health promotion strategies in awareness raising, skill building, supportive environment and policy development.
About Economical Insurance
Founded in 1871, Economical is one of Canada's leading property and casualty insurers, with more than $2.2 billion in annualized premiums and more than $5.6 billion in assets as at September 30, 2017. Based in Waterloo, ON, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.
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