iA Financial Group Forms Strategic Partnership with PINQ² and Algolab to Pioneer Quantum Computing in the Canadian Insurance Industry

QUEBEC CITY--(BUSINESS WIRE)--iA Financial Group, a leader in insurance and wealth management in Canada, today announced a strategic partnership with PINQ² (“Plateforme d’Innovation Numérique et Quantique” in French—Digital and Quantum Innovation Platform), marking a significant milestone in the insurance sector.

iA Financial Group is the first Canadian insurer to partner with PINQ²’s Advanced Hybrid Platform, using classical and quantum computing to drive innovation. The company aims to explore quantum computing power to enhance its operations and services.

“This partnership not only demonstrates our commitment to merging the strengths of our team’s human expertise with the power of digital technology but also emphasizes our dedication to being a learning organization—one that continually adapts, invests in knowledge development and fosters ongoing innovation. By leveraging these advanced tools and cultivating a culture of learning, we will be able to deliver increasingly innovative and high-performing solutions for our clients,” commented Denis Berthiaume, Executive Vice-President, Strategy, Performance, Mergers and acquisitions of iA Financial Group.

This collaboration builds on iA Financial Group’s long-standing investment in artificial intelligence, which has been instrumental in optimizing financial modelling, enhancing portfolio management, strengthening risk analysis and personalizing client experiences. The exploration of quantum computing will further accelerate these advancements, offer unparalleled computational capabilities and open new avenues for applications, faster decision-making and more relevant solutions for clients.

“This partnership with iA Financial Group marks an important milestone for PINQ². As the first Canadian insurer to engage with quantum computing at this strategic level, iA Financial Group is helping us demonstrate how organizations can effectively plan and prepare for quantum adoption,” said Marie-Claude Messier, General Manager at PINQ².

“Québec occupies a leading position in the field of quantum technologies, a distinction of which we are immensely proud. Supported by a world-class ecosystem, most notably our DistriQ innovation zone and PINQ² we are fostering an environment that enables excellence in research, drives innovation, and advances the development of cutting-edge solutions,” added Jean Boulet, Minister of Economy, Innovation and Energy, Minister of Labour, Minister Responsible for Maritime Strategy and Minister Responsible for the Mauricie Region.

Through this partnership, iA Financial Group will benefit from PINQ²’s orchestrated access to the Canadian quantum ecosystem, working with specialized partners including Enterprise Quantum and the AlgoLab at the Institut quantique.

This joint initiative with PINQ² underscores iA Financial Group’s dedication to remaining at the forefront of technological innovation in the Canadian financial sector, ensuring that clients benefit from the latest advancements in digital and quantum computing.

About PINQ²
PINQ² is a non-profit organization founded by the Université de Sherbrooke and the Ministère de l’Économie, de l’Innovation et de l’Énergie du Québec (Ministry of Economic Development, Innovation and Export Trade). It operates Canada’s first Advanced Hybrid Platform (AHP), seamlessly integrating classical, quantum and hybrid computing. PINQ²’s mission is to democratize access to cutting-edge infrastructure, reduce innovation risks and bridge the gap between advanced computing potential and practical adoption. The organization supports enterprises, SMEs, startups and universities across Quebec and Canada as an innovation accelerator in priority sectors such as energy, environment, finance, aerospace and defence.

About the Institut quantique at the Université de Sherbrooke
The Institut quantique (IQ) at the Université de Sherbrooke brings together an international community dedicated to advancing quantum science. Thanks to its cutting-edge infrastructure, unique platforms, and highly collaborative environment, the IQ has established itself as a global leader. Its teams contribute to advancing knowledge and developing technologies that will have a positive impact on society, the economy, and many sectors. Through its interdisciplinary training and innovation ecosystem, the IQ is shaping the quantum technologies of tomorrow.

About iA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).

To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca

iA Financial Group is a business name and trademark of iA Financial Corporation Inc.