Empire Life

Empire Life

Office address: The Empire Life Insurance Company, 259 King St. E. Kingston, Ontario, K7L 3A8
Website: https://www.empire.ca/
Year established: 1923
Company type: insurance provider
Employees: 860
Expertise: personal life insurance, critical illness coverage, investment options, group life and health benefits
Parent company: E-L Financial Corp. Ltd.
CEO and key people: Mark Sylvia, President and CEO
Financing Status: corporation

Empire Life is a Canadian life insurance company that has been in business for 100 years. The company offers a wide range of products and services to individuals and businesses, including life insurance, critical illness insurance, disability insurance, and retirement planning.

Empire Life is headquartered in Toronto, Ontario, and has over 1,000 employees across Canada. Its total assets under management are $19.6B as of 2021.

Empire Life is 100% Canadian-owned. The company’s goal is to help build wealth for Canadian families and businesses.

History of Empire Life

Empire Life was founded in 1923 by a group of businessmen in Toronto. In the years since, Empire Life has continued to grow and expand its product offerings.

The company now offers a wide range of life insurance, critical illness insurance, disability insurance, and retirement planning products. Empire Life is also a leader in the digital space, and the company offers a variety of online tools and resources to help customers manage their insurance needs.

Products and Services of Empire Life

  • life insurance
  • critical illness insurance
  • disability insurance
  • retirement planning

Culture at Empire Life

Empire Life has a strong culture of customer service and innovation. The company is committed to providing its customers with the best possible service, and it is constantly looking for new ways to improve its products and services. Case in point: in 2022, the company launched the eVision Insurance Illustrator to improve the digital application process.

Empire Life has a strong focus on innovation - it refers to itself as “data-driven and digital-first,” providing its employees with the tools they need to succeed.

The company is also known for investing in the community through donations, charity projects, and volunteer work.

About Empire Life President and CEO Mark Sylvia

Mark Sylvia assumed the role of President and CEO in 2014. He has over 35 years in the insurance industry, mostly in leadership roles.

Sylvia is a strong advocate for customer service, and he is committed to helping Empire Life become the best life insurance company in Canada.

Future at Empire Life

Empire Life is a leading life insurance company in Canada. The company offers a wide range of products and services, and it has a strong culture of customer service and innovation. Empire Life celebrates its 100th anniversary in 2023, and the company looks forward to even more growth in the years to come.

New seg funds launched by Empire Life

The funds add to the firm's suite of investment solutions for diversification

CapIntel reveals platform partnership with SEI Canada

Digital tech platform empowers third-party advisors to deliver better outcomes for clients

Mental health support and virtual services vital in 2023

Employers stepped up during pandemic, say industry leaders

Empire Life bolsters its disability management toolkit

New service lets group plan members get convenient care from leading workplace psychiatrists

Empire Life's bolsters expat benefits with grief counselling service

New program offers specialized care and assistance to foreigners experiencing loss or significant disturbance

What’s behind Empire Life’s latest insurance illustration innovation?

VP and Chief Marketing Officer explains how new web-based illustration tool supports years-long strategy

Empire Life Investments names new chief investment officer

Paul Holba joins executive management group of Empire Life Insurance

Empire Life releases new, improved web-based illustrator

With no downloads necessary, eVision provides advisers with a better approach to run illustrations

Empire Life unveils new advice business

Insurer purchases six financial services firms, combines them into one MGA

What's been driving costs in group benefits?

Empire Life President and CEO Mark Sylvia explains utilization and cost drivers, and offers outlook for the next year