To help alleviate the financial impact caused by the COVID-19 pandemic, RSA Canada has announced a number of measures.
It revealed that the following steps will be in place until June 30, 2020:
RSA Canada also noted that the above measures will continue to be reviewed as the situation develops.
The insurer has also introduced relief measures for its commercial insurance customers. The insurer is adjusting its ratings approach; working with broker partners to be flexible and accommodating in terms of premiums and payment deferrals; offering flexible underwriting solutions for clients making changes to their operations to adapt to COVID-19; and providing guidance to businesses that have shut down.
RSA Canada is also donating $100,000 to Food Banks Canada – the money will be used to purchase food for those living with food insecurities, particularly during this challenging time.
“In the last month, Canadians have changed where they work, how much they drive and what they need to protect themselves, their families and their businesses,” said RSA Canada president and CEO Martin Thompson. “As a national insurer, our promise is to be there for our customers when they need us most, so we are implementing new measures to provide meaningful assistance during these uncertain times.”