2000 Wade Hampton Blvd
Greenville, SC 29615
RBC Insurance supplies a broad array of auto, creditor, life, health, home, travel, and reinsurance products to over five million North American clients. RBC Insurance is the largest Canadian bank-owned insurance organization as well as one of most rapid growing insurance companies in the country. It is leading in the Canadian creditor market, individual living benefits and travel insurance markets. This company also ranks sixth in new individual life insurance premiums in Canada and ranked 35th in Standard & Poor’s 2003 global top 40 reinsurance groups listing.
RBC, which stands for Royal Bank of Canada, is one of North America’s leading diversified financial services companies. They are known for providing personal and commercial banking, insurance, wealth management services, corporate and investment banking and transaction processing services all around the globe. The company employs about 78,000 full and part time employees who serve approximately 18 million personal, business, public sector and institutional clients through offices in Canada, the United States and 51 other countries. One of its business segments is RBC Insurance.
At RBC Insurance, a wide range of insurance products are offered. Its life business includes individual and group life and health insurance solutions, as well as life retrocession to individual and business clients in Canada, the U.S. and select international markets. In particular, its life insurance products include term life, permanent life, and universal life. Health insurance, on the other hand includes disability income, protection insurance, long-term care insurance, critical illness insurance, and hospital insurance. In Canada, life and health insurance products are provided through independent brokers associated with financial planning firms, producer groups, and stock brokerage firms. These products are also distributed through direct sales and the company’s network of career sales representatives. In the U.S., RBC Insurance provides life and health insurance products through independent broker dealers and proprietary sales force as well as direct channels for select products. Through the company’s retrocession business, it joins in quota share reinsurance deals and excess reinsurance pools of most major North American and European reinsurers accepting a portion of reinsurance risk on life insurance policies.
The company’s non-life business consists of home, auto, travel insurance, and property reinsurance for individual and business clients in Canada, the U.S. and select international markets. Home and property insurance is made up of homeowners insurance, condo insurance, tenant insurance, and revenue property insurance. Other property insurance involves endorsements which are optional coverages or changes to clients’ policy that increase their insurance coverage or provide them with an additional benefit. For its auto insurance, RBC offers protection for personal automobiles its customers drive, including cars, SUVs, minivans or pickup trucks. Travel insurance includes travel health protector insurance, travel insurance packages, travel medical insurance plans, visitors to Canada plans, and coverage for specific situations. The company also offers loan, mortgage and credit card insurance which is a convenient and cost-effective way to safeguard savings. It can also preserve clients’ life or disability insurance for other things, including capital gains taxes, children’s tuition, final arrangements, living expenses and others.