Worldsource Insurance Network Inc.
and IDC Financial Inc. to Merge
Vancouver, June 2, 2011— Paul Brown, President and CEO of Worldsource Insurance Network Inc. (WIN) and Ron Madzia, President of IDC Financial Inc. (IDC) announced today that the two companies have agreed to merge, to become one of the largest life insurance managing general agencies in Canada. Subject to completion of the transaction, the merged company will be known as IDC Worldsource Insurance Network Inc. (IDCWIN Inc.).
Mr. Brown will be the Chairman and CEO and Mr. Madzia will be the President of the new company. The merger will give IDCWIN Inc. a national presence, with offices in Mississauga, Vancouver, Saint John, Markham, London and Halifax. The company will service over 2,000 insurance advisors, who sell products from all major life insurers and have under administration over $1.5 billion in segregated fund assets.
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IDC Worldsource Insurance Network Inc. (IDCWIN Inc.) is one of Canada’s leading Managing General Agencies (MGAs), servicing advisors across the country through 12 major insurance carriers.
We take great pride in enhancing our advisor’s ability to recognize current and prospective growth opportunities through an exemplary back office support system, and mechanisms available which enhance the basic skill and knowledge base of today’s financial planners. This is achieved in large part, through bringing a sharp focus and an exceptional standard of operation, encompassing all areas of policy advisory from new business through to the policy delivery. More specifically, our independent advisors can depend on receiving the necessary operational support on all current and in-force policies to ensure they are assisting their clients in securing their immediate and long-term financial objective.
At IDCWIN Inc., we acknowledge that industry standards continue to evolve and as such, have developed tailored programs and services suited to meet our advisor’s needs and provide the necessary stability and in essence, illustrate our superiority as industry leaders setting the benchmark for service excellence.
The five cornerstones upon which IDCWIN Inc. is built upon consist of the following:
- IDCWIN Service Commitment: It is our primary focus to ensure a high standard of operation and provide our advisors with valuable up-to-date information through WorldPort, our real-time advisor portal which tracks and reports all advisor business and allows IDCWIN Inc. to continue to meet and exceed expectations.
- IDCWINcomp: Our competitive compensation package is tailored to meet the needs of our advisors. IDCWIN Inc. understands the importance of not only attaining professional productivity but also recognizes hard work and awards achievement.
- IDCWINschool: Our non-partisan school is designed for both, the entrepreneur and experienced advisor. Our statement, knowledge equals success is our belief in introducing and continually expanding current skills to ensure advisors have the necessary knowledge base to address their client’s financial needs. In partnership with our national suppliers, IDCWIN Inc. offers training sessions, webinars and professional workshops to assist advisors in recognizing prospective growth opportunities, introducing new industry protocol and developing their current sales portfolio while accumulating valuable CE credits. These sessions are offered on a bi-weekly basis and are administered nationally and can be attended in person or online. For more information on upcoming sessions, please contact IDCWIN Inc. Marketing by clicking here.
- IDCWIN Inc. Case Support: Our advisors are equipped with the advisory consultation necessary to provide their clients with the best financial solution possible to meet their immediate and long-term objectives. Our marketing team works with advisors to provide specific sales concepts, life policy comparison analysis, market reconsisance and comprehensive presentations to help present the right solution for your clients. IDCWIN Inc. also offers our advisors access to Leo Penny, a well known industry underwriting expert with over 30 years of experience. Leo provides our advisors valuable insight and expertise to assist in mitigating potential risks and ensuring increased underwriting efficiencies.
- IDCWIN Inc. Technology: Our emphasis on providing our advisors with the necessary technological resources to achieve their objectives can never be under estimated. IDCWIN Inc. has recently launched WorldPort, a revolutionary multi-faceted advisor portal. WorldPort is the single one-stop shop for our valued advisor in client management, application process updates as well as business development. Our advisor have real-time up to the minute information on all pending and in-force business and access to resources to help build their sales practice. The recently launched WorldPort advisor portal, combined with VirtGate and EMWS Univeris are just some ways IDCWIN Inc. continues to be the industry leader in providing the most current technological resources to you, our valued advisor.
