Economical ranks 19th globally for on-the-job learning and development

Waterloo, ON (Feb. 19, 2013) – For the fourth consecutive year, Economical Insurance, one of Canada’s leading property and casualty insurers, is once again among the Top 20 of Training magazine’s annual Top 125 list of leading organizations that excel in workforce learning and development. Economical was selected to join the prestigious global Top 125 list from among hundreds of submissions from around the globe.

At a gala ceremony in Orlando, Florida, Monday night, Economical was awarded 19th place.

“This speaks volumes about the quality and success of our employee, leadership and broker training and development,” said Mary Beth Alexander, Economical’s assistant vice-president of organizational development and corporate marketing. “Our dedicated team of training professionals remains committed to designing and delivering the highest quality learning programs that elevate performance and productivity.”

In 2012, Economical developed new and innovative programs including a strategy breakout involving high-potential leaders from across the company. The 24 participants exceeded senior executive expectations and presented valuable input with substance and ownership, while gaining an enhanced appreciation of the challenges in creating a comprehensive corporate strategy.

The company is also proud of the tremendous success of its industry-leading achievements in virtual training, which covers multiple subject matter areas. “Our program gives rapid ‘anywhere-anytime’ training to our employees and leaders in large forums by leveraging technology solutions,” said Alexander. “In 2012, our workforce of 2,400 people completed 17,000 eLearning courses. That’s seven courses per person in a single year.”

“We are delighted to be recognized for the fourth consecutive year as a global leader in training, learning and development,” said Dean Bulloch, Economical’s senior vice-president and chief human resources officer. “Investing in our employees’ development and success greatly enhances our company’s long-term competitiveness, and helps attract and retain the best and brightest talent available.”

About the Training Top 125 Awards Program

Training magazine’s Training Top 125 award-winners are the organizations with the most successful learning and development programs in the world—and the Top 125 has been the premier learning industry awards program for more than 10 years. Each year, Training magazine receives a wealth of applications from leading global organizations eager to achieve the elite “Training Top 125” status. Participating companies complete a rigorous and extensive application process. Each submission is judged quantitatively and qualitatively by both an independent research firm, and simultaneously yet separately by Training magazine’s editorial staff and members of the Top 10 Hall of Fame.

About Training Magazine

Training magazine is the training industry’s premier publication, reaching 40,000 training, human resources and business management professionals in all industries around the globe.

About Economical

Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with more than $1.8 billion in premiums and more than $4.8 billion in assets. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers through 17 branches and service offices across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Federation Insurance and Economical Financial. Visit

SOURCE: Economical Insurance