The Great-West Life Assurance Company · Winnipeg, MB Canada ·(Toronto: GWL)
Company Description
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This link will open in a new window Great day in the morning! Great-West Life Assurance has a great big array of insurance, benefits, and investment products for customers primarily in Canada and Europe. Through its operating subsidiaries Canada Life and London Life, the company provides group and individual life insurance, disability and critical illness insurance, and investment and retirement plans. Its European business is focused on the UK, Ireland, and Germany where it provides asset management, individual insurance, and reinsurance. Great-West Life Assurance is a subsidiary of Great-West Lifeco and part of the Power Financial group of companies. To read the full description, subscribe now.
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Key The Great-West Life Assurance Company Financials
| Company Type | Public - Toronto: GWL Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $24,675.4 |
| Employees | 11,000 |
The Great-West Life Assurance Company Executives
27 executives listed for The Great-West Life Assurance Company's Winnipeg, MB location.
| Title | Name & Bio | Contact |
| Chairman | Raymond McFeetors | Network |
| President and CEO; President and CEO, London Life Assurance | D. Allen Loney | Network |
| EVP and CFO | William Lovatt | Network |
Competition
Competitive Landscape for The Great-West Life Assurance Company
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top The Great-West Life Assurance Company Competitors
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