MONTREAL, June 6, 2012 /CNW Telbec/ - As a group benefit plan provider and sponsor of the event, Standard Life today publishes the highlights from the 27th International Insurope Conference that recently took place in Montréal.
Standard Life also introduces four videos of interviews with key speakers filmed during the Conference. Among them, Jacques Latour, Vice-President, Sales, Group Insurance at Standard Life and Hugh Gallagher, Network Marketing Director, Insurope. They are available on Standard Life's YouTube channel.
Founded in Europe in 1966, Insurope, a network of leading insurance companies, operates in more than 80 countries and serves over 600 multinationals. Its aims to create financial economies of scale for its clients through a concept called pooling, which is designed to facilitate the financing of employee benefits plans worldwide.
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.
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