Saturday, November 4, 2006

Wawanesa Insurance - the story of success by Tim Baker

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Wawanesa Insurance Company is a Canadian insurer operating on insurance market for more than a hundred years. It is one of the largest property and casualty insurers in Canada. Wawanesa owns a subsidiary company - Wawanesa Life, which is also targeted at the Canadian insurance market. In the 1970's Wawanesa has expanded its operations and established another subsidiary company in the United States - Wawanesa General.

Nowadays, Wawanesa has 1.800 employees working in Canada and the United States and 1.300 insurance brokers working in Canadian insurance market. In 2005 the Company earned $1.5 billion and expanded its portfolio to three billion dollars. It is one of the most reliable insurers in Canada.

In the beginning

The story of Wawanesa begins in 1895 when Alonzo Fowler Kempton and Charles Kerr decided to establish an insurance company, which would be more efficient than the companies existed at the moment and consequently, could charge lower premiums. The idea was viable. Twenty local farmers liked the initiative and invested $20 each to finance the company. Thus, the company was born.

For the first few years Wawanesa Mutual Insurance Company experienced considerable losses, the fact that made it to diversify its coverage into a broader range of farm equipment and buildings, schools and churches. In addition, the company expanded its activity into new geographical areas - Saskatchewan and Alberta provinces. By the end of the century Wawanesa was protecting $1 million worth property. A few years later this figure grew to $20 million and in 1910 the company claimed to be "the largest Mutual Fire Insurance Company in Canada".

During the First World War the growth remained stable, and Wawanesa retained the name of a reliable company. In 1922 the company underwent a change in leadership. The new managing director, Charles Morley Vanstone was the man, who led Wawanesa Insurance through the hard times of the Great Depression.

Further growth

In 1926 Wawanesa offered its clients coverage on private buildings in towns and cities. In 1928 the company diversified its coverage more and issued the very first auto insurance policy. A year later Wawanesa was granted a Dominion of Canada charter, which meant the company could offer coverage throughout Canada. The years of the Great Depression had a little impact on Wawanesa. In fact the company strengthened and expanded during this period. It opened new branches in Montréal, Winnipeg, and Moncton within five years. While other businesses collapsed, Wawanesa prospered and before the Second World War Wawanesa had a reputation of a "straightforward organization, free from chicanery and all forms of trickery".

During the 1940's and 1950's, Wawanesa Insurance became known as an innovative company. For instance, the company offered low premiums to young British Columbians who completed either a Canadian Automobile Association approved driver course, or a high-school driving program.

In the early 1960's, the company opened its subsidiary - Wawanesa Life Insurance Company. For the next few years both companies grew steadily, however in the late 1960's the company faced a new challenge, which had a great influence on the company's future.

New expansion

After the 1969 election of a New Democratic Party government in Manitoba, all drivers were compelled to buy auto insurance policies from the government-established "Manitoba Public Insurance Corporation". This had a drastic impact on Wawanesa, since the company was the largest automobile insurer in the region. The company's income in Manitoba fell to one-third of what it had been a year earlier. This and other factors enforced Wawanesa to diversify its business. The board of directors decided to open a subsidiary company in the United States, and California looked as the most promising area for the new business.

A year later, Wawanesa opened a new office in San Diego, California. It was the right decision; the market was as large as Canadian. In the first month Wawanesa issued 102 policies and San Diego proved itself as the best possible choice. Over the next 20 years the local population increased in five times and Wawanesa was destined to grow with the region.


In 1996 Wawanesa celebrated its centenary. It is certain that stability and service, the values that have always been the backbone of Wawanesa, will continue to guide the company in its second century.

About the Author
Tim Baker is the founder the website, devoted to Wawanesa Insurance Company.

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Wednesday, May 3, 2006

Health Insurance For Visitors To Canada

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To Buy Visitors To Canada Insurance is very important for people who are visiting Canada as tourists, students, and skilled workers or returned Canadians. It provides them with temporary emergency coverage. The new immigrants in some provinces need such health insurance too because they may be not covered in the first three months upon arrival to Canada. Such provinces are British Columbia, New Brunswick, Ontario, and Quebec.

The good news is that the new technology helps you to find appropriate travel to Canada insurance on-line as well as to buy it online too. Anyone is able to afford new medical coverage to avoid a financial risk to lose a lot of money on unpredictable treatment in case of medical emergency.

Different insurance company in Canada give you a wide list of options where you can choose the best option for your family and yourself. Unlike life insurance that should lasts for years you do not have to take cheapest option because you are paying just for short period of time. To simplify decision you may use the financial planning tools .

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If you are healthy and did not have pre-existing conditions you do not need medical exam too.

The opportunity to buy insurance on line saves you from the pressure from insurance agent. You won’t fill that insurance broker solicits you and call you at the time you just want to relax. You also can challenge the website to find out answers to all questions you may have. Of cause if you want you may call the broker to ask your questions directly.

So make your visit to Canada safe and happy!
Welcome to Canada!

Michael Arbetov, CFP, FMA

If you are temporary unable to reach linked websites just click here to read more and buy it.

Thursday, April 27, 2006

Critical Illness Insurance Online

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Can you financially recover from cancer, heart attack or a stroke?

Being financially secure means you never risk losing the two most treasured items we all have: our home and our lifestyle
. However, did you know that ...

* 1 in 3 Canadians will develop a life threatening cancer? *
* 91% of the patients who were admitted with a heart attack survive? *
* The death rate from stroke has decreased 50% since 1950? *

People are surviving with these critical illnesses due to medical advances. The main concern people like you have is ...
Can you recover financially from one of these illnesses? With the aging population, the Canadian health care system is under an increasing strain and it is unlikely that they will be able to provide the financial assistance and options you will desire.

Critical Illness (CI) is a new coverage in Canada that pays you a lump sum of money up to $2,000,000 if you are stricken by a critical illness and this protection can be purchased for as little as a dollar a day. No conditions are attached to these funds. You are the one who decides how the money will be spent.

We want to help you secure your financial future by ensuring you have the money to keep your home and lifestyle should you be stricken with one of the 21 Critical Illnesses covered within this plan. To read more please visit

Michael Arbetov
tel: (604) 875-8878
fax: (866) 249-5260

* Source: Canadian Cancer Society; Heart and Stroke Foundation of Canada

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