AGA Benefit Solutions has secured a substantial growth investment from TA Associates, enabling the company to pursue its expansion strategy in the Canadian group insurance and retirement sector.

Overview of AGA Benefit Solutions

AGA Benefit Solutions (AGA) is a premier Canadian developer and administrator of customized group insurance and retirement plans. With over 45 years of industry experience, AGA caters to a diverse clientele, including more than 2,700 customers and over 200,000 plan members. The company manages over $1 billion in insurance premiums and group retirement assets. AGA has experienced significant growth since 2020, driven by strategic acquisitions and a commitment to providing exceptional service. Today, it operates in six locations across Canada, employing over 300 staff members dedicated to delivering innovative benefits solutions.

Partnering effectively with insurance carriers and plan sponsors, AGA offers a range of services including brokerage, advisory, third-party administration (TPA), and third-party payor (TPP) services. CEO Martin Papillon emphasizes the company's commitment to enhancing customer experience through advanced technological tools and process automation. AGA's strategic vision includes expanding its operations both organically and through mergers and acquisitions (M&A), aiming to solidify its position as the leading provider of employee benefits in Canada.

Industry Overview in Canada

The group insurance and retirement solutions industry in Canada is characterized by its competitive landscape, with several key players vying for market share. The increasing awareness and necessity of employee benefits have prop