Kanetix in the news

Media coverage and press releases

Toronto, ON, January 17, 2001 - Today, Kanetix® - Canada's insurance marketplace and online insurance information centre, announced the addition of RBC Insurance to its online quote comparison service.

"We're very excited about this new offering," said George Small, Co-founder, Kanetix. "Adding RBC Insurance to our Web site allows us to deliver an industry leading product to our clients through our simple, online quotation process."

For RBC Insurance, the arrangement marks the first time the company is offering its auto rates online. Through the various Kanetix marketing channels, RBC Insurance will now have access to over 4 million Internet users.

"We're pleased about our newly formed relationship with Kanetix and are looking forward to working with them to offer an auto insurance solution for online insurance shoppers," said Andrew Rogacki, President & CEO, RBC General Insurance.

To compare auto insurance quotes at Kanetix, users simply follow the 5-step online process. In minutes, shoppers can see a list of up to 8 auto insurance quotes, choose the policy they wish, and buy online.

About Kanetix

Launched in October 1999, Kanetix (www.kanetix.ca) is Canada's first and only full-service, online insurance marketplace. The Kanetix insurance information and shopping service allows consumers to compare auto, life and property insurance quotes from a variety of Canada's leading providers. Users can select the insurance policy of their choice and complete the purchase online.

About RBC Insurance

As the insurance specialist of the Royal Bank Financial Group, RBC General Insurance is one of Canada's leading insurance providers, bringing life, health, creditor, travel, home, auto and reinsurance products to more than three million North American customers.

Royal Bank of Canada (RY) is a diversified global financial services group and a leading provider of personal and commercial banking, investment and trust services, insurance, corporate and investment banking, online banking and transaction-based services including custody. The group's main business units include Royal Bank, RBC Dominion Securities, Royal Investment Services, RBC Insurance and Global Integrated Solutions. The group has 49,000 employees who serve 10 million personal, business and public sector customers in 30 countries. For more information, visit Royal Bank's Web site at www.royalbank.com.

Note to editors: For other news tips and tools visit NewsRoom at http://www.rbc.com/newsroom/. Royal Bank's new Web site is a one-stop source for news, commentary and downloadable materials about the bank and its member companies.

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For more information, please contact:
George Small
(416) 599-9779 ext. 202

Andrew Rogacki
President & CEO,
RBC General Insurance Company