The partnership will enable iA Financial Group to leverage its expertise in digital product distribution, ensuring Clutch customers have an all-in-one transaction for vehicle purchases and insurance coverage.
Founded in 2017 and headquartered in Toronto, Clutch has become one of Canada’s largest used vehicle retailers. In 2023, Clutch reported selling over 8,000 vehicles through its online platform. Clutch users can currently purchase extended warranty and guaranteed asset protection products from iA Financial Group.
Dan Park CEO of Clutch, commented favourably on the partnership: “Clutch was founded to offer Canadians a seamless and transparent car-buying experience, ensuring complete peace of mind. We are thrilled to partner with iA Financial Group to further elevate our user experience and provide best-in-class warranty and insurance products to our customers.”
Pierre Miron , EVP and Chief Growth Officer for Canadian operations at iA Financial Group, added: “iA Financial Group has long been a leader in the Canadian dealer services market. With this strategic investment in Clutch, we are adding online sales as a new product distribution channel to our current extensive network of automotive dealer services. As a result, we are well positioned to serve consumers in their preferred way when they purchase vehicles and insurance products.”
iA Financial Group, founded in 1892, is one of Canada’s largest insurance and wealth management organisations, serving both the US and Canada
