Economical Insurance selected one of Waterloo Area's Top Employers for 2017

WATERLOO, ON, Nov. 28, 2016 /CNW/ - Economical Insurance, one of Canada's leading providers of home, auto and commercial insurance, is proud to be recognized for the second year in a row as one of Waterloo Area's Top Employers for 2017 by Canada's Top 100 Employers.

"We are very proud of our engaging and inspiring work environment where we bring our best every day," said Louise Taylor Green, SVP and Chief Human Resources Officer at Economical Insurance. "People and culture is a major driver of our profitable growth strategy. We put our customers first and, as a cohesive national team, we're stronger together. By investing in our talent, we are building a team that is helping us achieve our vision to be one of Canada's top P&C insurers, recognized for our business innovation and how well we take care of our customers."

The judges selected Economical for its Dependent Children Scholarship program that assists children of employees in their pursuit of a post-secondary education by offering scholarships of up to $2,000 per year.

"Our dependent children's scholarship program generates ever-increasing numbers of high-calibre applicants," said Taylor Green. One parent said: "Thank you for the generous scholarship awarded to my son. I recognize that many employers do not provide assistance for academic pursuits to employees and their families. The support Economical provides through the dependent children's scholarship program makes me proud to work at Economical."

The judges were also wowed by the approach that Economical has taken towards diversity. The company is building on the success of its Women's Leadership Network to chart a course that promotes greater inclusiveness and broader diversity to help attract and retain top talent.

To select the winners, judges evaluated companies to determine which ones offer the most progressive and forward-thinking programs based on the following criteria:

  1. Physical Workplace
  2. Work Atmosphere and Social
  3. Health, Financial, and Family Benefits
  4. Vacation and Time Off
  5. Employee Communications
  6. Performance Management
  7. Training and Skills Development
  8. Community Involvement

In October, Economical was recognized with a Waterloo Region Healthy Workplace Award for the fourth 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 $2.1 billion in annualized premium volume and $5.5 billion in assets as September 30, 2016. Based in Waterloo, 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, Economical Financial, and Family Insurance Solutions.

SOURCE Economical Insurance

Image with caption: "Waterloo Area's Top Employers 2017 (CNW Group/Economical Insurance)". Image available at: http://photos.newswire.ca/images/download/20161128_C1414_PHOTO_EN_826590.jpg

Image with caption: "Economical Insurance (CNW Group/Economical Insurance)". Image available at: http://photos.newswire.ca/images/download/20161128_C1414_PHOTO_EN_826588.jpg

For further information: Doug Maybee, Manager, Public and Media Relations, Economical Insurance, (T) 519.570.8249, (C) 519.404.0989, doug.maybee@economical.com

RELATED LINKS
www.economical.com

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