QUEBEC CITY, February 25, 2025 – Beneva announced that its group insurance business volume has increased substantially since 2020, exceeding $4 billion. This significant growth is attributed to a strong 96% retention rate and the addition of over 2,500 client groups in the past five years.
The figures demonstrate consistent member satisfaction and loyalty. Beneva now holds the fifth-largest market position nationally and is the leader in Quebec, with a 27% market share.
“This milestone reflects the remarkable work of our dedicated employees who consistently strive to provide the best for our plan members and partners, and I couldn’t be prouder. It confirms that people recognize the quality of service and expertise of our insurance mutual, the largest in Canada, and trust us. We now have the technological and financial means to accelerate our growth on a national scale,” said Éric Trudel, Executive Vice-President of Group Insurance at Beneva.
Beneva distinguishes itself in the group insurance market through its mutualist values, its commitment to plan member satisfaction, and an integrated approach to health and personalized care. Beneva’s expertise is enhanced by its health insurance center, where workplace health programs are developed and delivered. The company is focused on ensuring prescription drug cost management and providing market analysis.
Beneva, in pursuing its corporate goal of anxiety management and prevention, collaborates with several partners, including the Relief Research Chair in Mental Health, Self-Management and Work.
Created through the merger of La Capitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada, with over 3.5 million members and customers. Beneva employs more than 5,500 staff who are dedicated to their members. With assets of $25.1 billion, Beneva is a major player in the insurance and financial services industry. The company’s head office is in Quebec City.
For more information, visit beneva.ca.
