Economical Insurance
Economical Insurance employees in a collaboration space   (Photo credit: Light Imaging)

Recognized as one of Waterloo Area's Top Employers (2018)

Here are some of the reasons why Economical Insurance was selected as one of Waterloo Area's Top Employers (2018):

  • Economical Insurance supports a number of national charities each year, focusing on safety and security, youth and education, health and wellness, and arts and culture initiatives -- the organization also encourages employees to give back to the community, matching employee donations dollar for dollar as well as providing financial donations to charities where employees volunteer their time ($500 for 40 volunteer hours)
  • Economical Insurance provides a variety of financial incentives including signing bonuses for some employees, profit-sharing for all employees, and referral bonuses for employees who recruit candidates from their personal network (up to $2,500)
  • Economical Insurance offers a flexible health benefits plan, allowing employees to allocate flex dollars however they choose as well as transfer unused credits to savings, additional vacation days, or health and personal wellness accounts
Economical Insurance employees volunteering at a local food bank

Highlights

Industry Direct Property and Casualty Insurance Carriers
Established in Canada 1871
Major Canadian hiring locations Kitchener ON, Toronto ON, London ON, Mississauga ON, Ottawa ON, Vancouver BC, Calgary AB, Edmonton AB, Montréal QC, Halifax NS, Winnipeg MB, Waterloo ON
Full-time employees in Canada 2,419
Part-time employees in Canada 62
Average age of employees in Canada 40.4
Longest serving employee 44.8 years
Long-term savings defined-contribution (DC) pension, matching RSP
Alternative work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Outside survey period outside consultant surveys are held every 24 months
Employee performance reviews employees receive individual performance reviews every 12 months
In-house training initiatives in-house training, online training, mentoring
Scope of charitable involvement national
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 2 paid days)

The Career Directory

Economical Insurance has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
Economical Insurance employee

Highlights for New Grads

Industry Direct Property and Casualty Insurance Carriers
Major Canadian hiring locations Kitchener ON, Toronto ON, London ON, Mississauga ON, Ottawa ON, Vancouver BC, Calgary AB, Edmonton AB, Montréal QC, Halifax NS, Winnipeg MB, Waterloo ON
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, online training, in-house training, mentoring, in-house career planning services, leadership training
Tuition subsidies (related to job) yes
Typical new grad positions Junior Actuarial Analyst, Junior Financial Analyst, Claims Assistant, Underwriting Assistant, Customer Service Representative, Operations Event Coordinator, Technical Support, Technical Analyst, Deskside Support
Starting salary $35K to $40K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer, (up to 2 paid days)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

Recruits at these schools


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