Press Releases

Co-operators Financial Services Limited to Acquire Smart Employee Benefits Inc.

03 Jan, 2023

TORONTO, ON – January 3, 2023 – Co-operators Financial Services Limited (“Co-operators”), a wholly owned subsidiary of The Co-operators Group Limited, and Smart Employee Benefits Inc. (TSXV: SEB) (OTCQB: SEBFF) (“SEB”) announced today that they have entered into an arrangement agreement (the “Arrangement Agreement”) dated January 3, 2023 pursuant to which Co-operators will, indirectly through its wholly-owned subsidiary, acquire all of the issued and outstanding common shares of SEB (“SEB Shares”) by way of a statutory plan of arrangement (“Plan of Arrangement”) under the Business Corporations Act (Ontario) (the “Transaction”).

Read more

SEB & Everyday People Financial Form Joint Venture to Launch Health Spending Account Mastercard® Program Across North America

03 Nov, 2022

May 31, 2022 – Mississauga, ON: SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, is pleased to announce that it has signed a letter of intent with Everyday People Financial Inc. (“EP” or “Everyday People”), a financial technology and consumer financing company, to launch a bespoke healthcare spending account program, offering a challenger product to traditional employer health spending accounts.

Read more

SEB & Everyday People Financial Partner to Launch Health Spending Account Mastercard® Program Across North America

31 May, 2022

May 31, 2022 – Mississauga, ON: SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, is pleased to announce that it has signed a letter of intent with Everyday People Financial Inc. (“EP” or “Everyday People”), a financial technology and consumer financing company, to launch a bespoke healthcare spending account program, offering a challenger product to traditional employer health spending accounts.

Read more

SEB Achieves ISO 27001 Security Certification

17 Jan, 2022

January 17, 2022 – Mississauga, ON – SEB Administrative Services Inc. (“SEB Admin”) a subsidiary of Smart Employee Benefits Inc. (“SEB”), has achieved ISO 27001:2013 Certification for its Information Security Management System (“ISMS“). This certification demonstrates the Company’s commitment to the highest level of internal compliance and security.

Read more

RCMP Awards Contract to SEB to Provide Group Insurance Administration Services to Over 40,000 Plan Members

02 Feb, 2021

February 2, 2021 – Mississauga, ON – In line with the Royal Canadian Mounted Police (RCMP) objective of providing quality technology solutions, and to ensure its active and retired 40,000+ plan members have a modern and sustainable insurance administration solution, the RCMP announced on January 28, 2021, that SEB Administrative Services Inc. was awarded a multi-year contract to provide insurance administration services for the RCMP Group Life Insurance and Disability Income Insurance plans, which will take effect on June 14, 2021.

Read more