RBC Insurance expands alliance with Shoppers Drug Mart

Canadians can now purchase RBC Insurance Travel Insurance through Shoppers Drug Mart website and earn Shoppers Optimum Points

Toronto, ON (Feb. 13, 2013) – RBC Insurance and Shoppers Drug Mart Corporation today announced the launch of co-branded travel insurance product offerings to be sold exclusively online through the Shoppers Drug Mart website beginning February 16, 2013.

“We’re excited that the RBC and Shoppers Drug Mart alliance has evolved to include travel insurance,” said Neil Skelding, president and CEO, RBC Insurance. “This new opportunity fits well with our strategy of providing Canadians with more channels to access our products and services. It will also further highlight the importance of travel insurance for Canadians when crossing the border, travelling internationally or outside of their home province.”

A recent RBC Insurance survey found that among the 39 per cent of Canadians planning to travel outside of Canada within the next year, only 60 per cent are planning to purchase travel insurance for their upcoming trip.

“Many Canadians already turn to Shoppers Drug Mart for their travel needs, including passport photos, travel accessories and immunizations,” said Domenic Pilla, president and CEO, Shoppers Drug Mart. “With the introduction of this co-branded travel insurance, with a trusted provider like RBC Insurance, we are strengthening our total travel offering and improving access and choice for our customers.”

The travel insurance lineup is the latest addition to the suite of co-branded products available since RBC and Shoppers Drug Mart announced an alliance in early 2012. The RBC Shoppers Optimum banking account was launched at that time and the co-branded MasterCard made its debut in the fall of 2012.

When Canadians visit the Shoppers Drug Mart website to purchase travel insurance and enter their Shoppers Optimum card number, they will earn 10 Shoppers Optimum Points per $1 of insurance premium. Shoppers Optimum Points will automatically be credited to their account. If the RBC Shoppers Optimum MasterCard is used to purchase travel insurance online, another five points per $1 will be earned, through the credit card.

Travel insurance products available through the Shoppers Drug Mart website will include emergency travel medical, as well as trip cancellation and interruption insurance.

RBC Insurance/Shoppers Drug Mart – Understanding the Value of Travel Insurance (CNW Group/RBC)

About RBC Insurance

RBC Insurance®, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and reinsurance products and solutions, as well as creditor and business insurance services, to individual and group clients. RBC Insurance has more than four million clients globally. We are one of the largest Canadian bank-owned group of insurance companies and among the fastest growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe, and is the brand name for the insurance operating entities of Royal Bank of Canada. Visit www.rbcinsurance.com.

About Shoppers Drug Mart

Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec). With more than 1,240 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada. The Company also licenses or owns 55 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and six luxury beauty destinations operating as Murale. As well, the Company owns and operates 62 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services. In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities.

For more information, visit www.shoppersdrugmart.ca.

Source: RBC Insurance