Industrial Alliance Placement Papers - Industrial Alliance Interview Questions and Answers updated on Jul 2024

Industrial Alliance Pacific Insurance and Financial Services Inc., formerly known as North West Life, began as a mutual company in 1951. It later demutualized, and in 1967 became a federally registered company. In 1982 the company was acquired by Industrial Life. Following the merger of Industrial Life and Alliance Life in 1987, North West Life became a part of the Industrial Alliance Group of Companies.

In June 1999 North West Life assumed the business of Seaboard Life, whose own roots go back to 1912 in Saskatchewan. The new combined organization is a life insurance company with assets of more than $2 billion, and the only full service life insurer in Canada with its head office west of Winnipeg.This new entity changed its name on 1 September 2000, and now operates as Industrial Alliance Pacific Insurance and Financial Services Inc. ("Industrial Alliance Pacific").

The parent company of Industrial Alliance Pacific is Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance). Industrial Alliance was born of a merger, in 1987, of Industrial, created in 1905 in Québec City, and Alliance, founded in 1892 in Montréal.A few years before the merger between Industrial and Alliance, in 1982, Industrial acquired North West Life (now Industrial Alliance Pacific). In 1985 Industrial acquired North West Life's U.S. twin, North West Life of America. In 1988, Industrial Alliance bought National Life of Canada, a Toronto-based life insurance company.

In 1996 Industrial Alliance merged with The Solidarity, a life insurance company based in Québec City. In 1999 Seaboard Life Insurance Company, of Vancouver, joined the Industrial Alliance Group. The business of Seaboard Life was transferred to North West Life on June 1, 1999 and they now operate under the name Industrial Alliance Pacific Insurance and Financial Services Inc. (Industrial Alliance Pacific).Today, the Industrial Alliance Group is a national company, with operations in all regions of Canada and the Western United States.

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