Office address: 1 York Street, Toronto, Ontario M5J 0B6, Canada
Year established: 1865
Company type: Insurance provider
Expertise: Life and health insurnance
Parent company: N/A
CEO and key people: Kevin David Strain, president and CEO
Financing status: Publicly traded
Sun Life, a prominent player in the global financial services industry, stands out for its comprehensive range of insurance and investment solutions. The company caters to individuals, families, and businesses in key markets worldwide.
Sun Life ranks among the largest life insurance providers globally, operating in more than two dozen countries, including Canada, the US, the UK, and Australia. The company's commitment to enhancing financial security and promoting healthier lives is evident in its diverse and innovative offerings.
Sun Life was founded more than 150 years ago by a group of Montréal-based business leaders as the Sun Insurance Company of Montréal. However, due to the political and economic climate at that time, it wasn’t until six years later that the company began its operations. In 1871, the firm started selling life insurance in Toronto and eventually issued its first policy mid-year.
Since then, Sun Life has played a significant role in providing clients with financial protection in the face of major global events, including World Wars and economic crises. The company's journey through the Spanish Flu, the Great Depression, and more recently, the COVID-19 pandemic, has showcased its commitment to serving clients and communities. As such, Sun Life has positioned itself as a trusted name in the insurance sector.
Sun Life offers a range of products and services designed to provide clients with financial protection, including:
Sun Life has a culture anchored in diversity, equity, and inclusion. The firm believes that a diverse workforce enhances creativity and innovation. Its DE&I programs are focused on learning, career development, and leadership training. Sun Life's commitment to creating an inclusive environment is reflected in its recruitment policies, professional development programs, and regional initiatives.
Kevin D. Strain was appointed as Sun Life’s chief executive in August 2021. He has been a part of the company since 2002. Since joining the firm, Strain has held key leadership positions, including vice-president of investor relations and senior vice-president of the individual insurance and investments division in Canada.
Strain also served as chief financial officer of Sun Life Asia. He is a Chartered Accountant and holds a Master of Accounting degree from the University of Waterloo.
Sun Life's future is shaped by its commitment to sustainability, digital innovation, and expanding global reach. The company's focus on sustainable investments, digital transformation, and enhancing client experiences positions it for continued growth.
Sun Life's efforts in promoting healthier lives and financial security, coupled with its strong governance and ethical practices, also pave the way for a future where it remains a leader in the financial services industry.
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