MARITIME LIFE ASSURANCE COMPANY
"Has been a lifesaver so many times!"
- Catherine Rampell, student @ University of Washington
"Exactly the help I needed."
- Jennifer Hawes, student @ San Jose State
"The best place for brainstorming ideas."
- Michael Majchrowicz, student @ University of Kentucky
MARITIME LIFE ASSURANCE COMPANY
About Maritime Life
The company I’ve chosen to research is the Maritime Life Assurance Company. Maritime Life started over 80 years ago by a small group of families in Halifax and from those humble beginnings this company has grown into the 4th largest national insurance company in Canada. This company has their head office in Halifax and provides benefits to almost three million Canadians from offices in Halifax, Montreal, Ottawa, Toronto, London, Kitchener, Oakville, Markham, Calgary, and Vancouver. Maritime Life is an Imagine company and is proud to support their communities through community investment programs. In 2004, for the fifth consecutive year, the Globe and Mail’s Report on Business magazine named Maritime Life one of the 50 best employers in Canada.
Their commitment is: “In the financial services industry, financial strength is expected, but service excellence set you apart. Doing what’s best for customers, employees and business partners has always been our focus. If it’s good for the customer and you know it makes sense, then do it.” This commitment is well ingrained and is driving this company to develop better products, faster operating systems and deeper customer relationships. From Maritime Life, customers have come to expect service excellence that is second to none. Delivering on this expectation is what sets Maritime Life apart.
Milestones and History
Maritime Life has had some incredible milestones. Some of these include the following: Maritime Life was incorporated by a group of Nova Scotia families in 1922 and ranked 58 out of 60 Canadian life insurance companies. In 1933, Maritime Life surpassed $1 million in assets under administration. In 1959, branches opened in Toronto, Perth and Windsor, Ontario, and Montreal, Quebec. In the 1970’s offices open across the country and begin partnering with independent financial advisors to sell products. In 1973, Maritime Life moved into their new headquarters at the head of the Northwest Arm in western Halifax. Maritime Life became an Olympic sponsor in 1993. In 1995, Maritime Life ranked 12th in industry and in 1997 they celebrated their 75th anniversary. It was a momentous year in 1999 when Maritime Life more than doubled in size through the purchase of Aetna Life Insurance Company of Canada.
Career Opportunities and Benefits
Maritime Life has a top-rated benefit package for their employees. They are concerned with their employees’ career development therefore they offer competitive, well-rounded plans. The career investment account allows the employee to set aside a percentage of his or her salary to further their career. The only criterion is that it has to have a business purpose. The successful candidate who gets hired by Maritime Life will enjoy flexible benefit plans, which include health care, dental care, long-term disability, life insurance, accidental death and dismemberment, and employee travel assistance. He or she can enjoy the benefits of Maritime Life’s wellness program, which consists of developing the needs of employees. Wellness encompasses, a smoke-free working environment, scent awareness policy, annual flu shots, availability of subsidized fitness programs and on-site massage therapy. Their continuous growth means that Maritime Life is constantly looking for quality people to join their team. Career choices are in the following areas: Accounting, Actuarial, administration, claims approval, corporate communications, customer service, finance/investments, human resources, information technology, legal, marketing, translation, and underwriting.
Awards and Citations
Maritime Life has won numerous awards. Some of these include the following: The 2002 Atlantic Canada Human Resources Award for Excellence in Human Resources, Metro Halifax Chamber of Commerce Business of the Year, 2001, the Employer Recognition Award: Presented by Dalhousie University to the organization that best demonstrates a real commitment to co-operative education, rated No. 4 in the Top 101 Companies of Atlantic Canada in 2001, awarded the 1998 Work & Well-Being Award by the Canadian Mental Health Association, the 1997 André Mailhot Award for excellence in human resource development from the Life Insurance Institute of Canada, and.A profile in Tema Frank\'s book, Canada\'s Best Employers for Women, which has become a Canadian best-seller.
Maritime Life’s mission is to provide a quality work environment for their employees’ so he or she can reach their potential because this contributes to his or her job satisfaction. When employees are happy with their job; Maritime Life can achieve their goals. Maritime Life chooses their employees
View Full Essay
Maritime Life, American brands, Insurance, Halifax, Nova Scotia, Employee benefit, Aetna, Life insurance
More Free Essays Like This