Industrial Alliance Insurance and Financial Services has signed a partnership agreement with Allianz Global Benefits.
The partnership will allow Industrial Alliance to bring Allianz Global Benefits’ expertise on stand-alone and captive fronting to its clients.
Multinational pooling and captive fronting are systems under which the benefits plans of local subsidiaries and/or divisions in various countries are brought into a single unit or “pool” in order to reduce risk charges.
“We are very pleased to be the Canadian partner of Allianz Global Benefits,” says Jacques Parent, senior vice‑president, group insurance, at Industrial Alliance. “With this partnership, international organizations with employees in Canada will be able to benefit, through Industrial Alliance, from the value-added solutions provided by Allianz Global Benefits.”
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