List of insurance companies in Canada
This is a list of Canadian insurance companies.
The top insurance providers in Canada are Manulife, Canada Life (subsidiary of Great-West Lifeco), Sun Life Financial, Desjardins, and IA Financial Group (aka Industrial Alliance).[1][2] Smaller insurers include those operating as subsidiaries of banks, such as CIBC Insurance and TD Insurance.[2]
Current insurance carriers
[edit]| Company | Established | Headquarters | Notes |
|---|---|---|---|
| Algoma Mutual Insurance Company | 1899 | Thessalon, Ontario | |
| Allstate Canada | Canadian subsidiary of Allstate | ||
| Amherst Island Mutual Insurance Company | 1894 | Stella, Ontario | |
| Assumption Life | |||
| Assurant Canada | |||
| Aviva Canada | 1999 | Markham, Ontario | |
| Ayr Farmers' Mutual Insurance Company | 1893 | Ayr, Ontario | |
| Bay of Quinte Mutual Insurance Co. | 1874 | Picton, Ontario | |
| Beneva | 2020 | Quebec City, Quebec | Created through merger of La Capitale and SSQ Insurance |
| Bertie and Clinton Mutual Insurance Company | 1880 | Welland, Ontario | |
| Blanshard Mutual Insurance Company | 1876 | St Marys, Ontario | |
| Brant Mutual Insurance Company | 1861 | Brantford, Ontario | |
| CAA Insurance Company | |||
| Canada Life | 1847 | Winnipeg, Manitoba | Founded in Toronto. Amalgamed in 2020 with Great-West Life and London Life under the ownership of Great-West Lifeco. Headquartered in Winnipeg at the former Great-West Life offices. |
| Canada Protection Plan | 1992 | Toronto, Ontario | Subsidiary of Foresters Financial |
| Canadian Association of Blue Cross Plans | |||
| Canadian Premier[3] | |||
| Caradoc Townsend Mutual | 1879 | Mount Brydges, Ontario | |
| Cayuga Mutual Insurance Company | 1875 | Cayuga, Ontario | |
| Clinton Mutual Fire Insurance Company | 1898 | St Catharines, Ontario | |
| Combined Insurance Canada | Canadian subsidiary of Combined Insuranc | ||
| The Co-operators Group | 1945 | Guelph, Ontario | Founded in Regina as the Co-operative Life Insurance Company. |
| Desjardins Insurance | |||
| Economical Insurance | 1871 | Kitchener, Ontario | |
| Erie Mutual Fire Insurance Company | Dunnville, Ontario | ||
| Fenchurch General Insurance Company | 1981 | Toronto, Ontario | |
| Foresters Financial | 1874 | Toronto, Ontario | |
| Empire Life | 1923 | Kingston, Ontario | |
| Equitable Life of Canada[4] | 1920 | Waterloo, Ontario | |
| Federated Insurance Company of Canada | 1920 | Winnipeg, Manitoba | |
| Gore Mutual Insurance Company | 1839 | Galt, Ontario | |
| Great American Insurance Company | |||
| Green Shield Canada | 1957 | Windsor, Ontario | |
| Heartland Farm Mutual Inc. | 2016 | Waterloo, Ontario | |
| Humania[5] | |||
| IA Financial Group | 1892 | Quebec City, Quebec | |
| Intact Financial | 1809 | Founded as the Halifax Fire Insurance Association. | |
| Manulife | 1887 | Toronto, Ontario | |
| Munich Re Canada | |||
| The Personal Insurance Company | 1974 | Lévis, Quebec | Subsidiary of Desjardins |
| Pilot Insurance Company | 1927 | Founded in Waterloo, Ontario as the Pilot Automobile and Accident Insurance Company. Acquired by the Standard Accident Insurance Company of Detroit in 1930. Now part of the Aviva group. | |
| Primerica Canada | Canadian subsidiary of Primerica | ||
| Reliable Life | |||
| Sovereign General Insurance Company | 1953 | Toronto, Ontario | Subsidiary of the Co-operators |
| Sun Life Financial | 1865 | Toronto, Ontario | |
| Swiss Re | |||
| Teachers Life | 1939 | ||
| UV Insurance | 1889 | Formerly the Union Life Mutual Assurance Company | |
| Wawanesa Insurance | 1896 | Winnipeg, Manitoba | |
| Wilton Re |
Bank-affiliated carriers
[edit]- BMO Life
- CIBC Insurance
- National Bank Insurance
- RBC Insurance
- Scotia Life
- TD Insurance
Government-owned insurance companies
[edit]Defunct insurance companies
[edit]| Company | Established | Dissolved | Fate |
|---|---|---|---|
| Aetna Canada Assurance | 1999 | Maritime Life | |
| Commercial Union Life Assurance | 2001 | Manulife | |
| Confederation Life Assurance Co. | 1871 | 1995 | Acquired by Manulife and Maritime Life after bankruptcy |
| Crown Life Assurance Co. | 1998 | Canada Life Assurance | |
| Dominion Life Assurance Company | 1889 | 1985 | Manulife |
| Dominion of Canada General Insurance Co. | 1887 | 2013 | The Travelers Companies |
| Hartford Steam Boiler Inspection and Insurance Company | Munich Re | ||
| Imperial Life | 1994 | Desjardins Group | |
| Kings Mutual Insurance Company | 2021 | Acquired by Heartland Farm Mutual | |
| La Capitale | Merged with SSQ Insurance to form Beneva | ||
| Laurentian Life | 1993 | Imperial Life | |
| Liberty Health | 2003 | Maritime Life | |
| London Life Insurance Company | 1874 | 1997 | Great-West Lifeco. |
| Maritime Life | 1922 | 2004 | Manulife |
| Mercantile Fire Insurance | 1875 | 1896 | Acquired by London and Lancashire Insurance |
| Merchants Casualty Insurance Company | 1924 | 1936 | Acquired by Economical Insurance |
| Mutual Life Assurance Company (later Clarica Life) | 1868 | 2002 | Acquired bySun Life |
| National Life Assurance Company of Canada | 1897 | 2005 | Merged into Industrial Alliance Insurance |
| North American Life | 1881 | 1995 | Manulife |
| North Waterloo Farmers Mutual | 1874 | 2016 | Merged with Oxford Mutual to form Heartland Farm Mutual |
| Ontario Blue Cross | 1995 | Liberty Health | |
| Oxford Mutual Insurance Company | 2016 | Merged with North Waterloo Farmers to form Heartland Farm Mutual | |
| Pictou County Farmers Mutual Fire Insurance Company | 2016 | Merged into Kings Mutual | |
| Queen City Fire Insurance Company | |||
| SSQ Insurance | Merged with La Capitale to create Beneva | ||
| State Farm | 2014 | Desjardins Financial Security | |
| UnumProvident | 2004 | RBC Insurance | |
| Waterloo Mutual Insurance Company | 1863 | 1980 | Acquired by Economical Insurance |
| Westbury Canadian Life | 2004 | RBC Insurance | |
| Western Life Assurance Company[6] | 2020 | Wawanesa Life | |
| Zurich Life Insurance of Canada | 2001 | Manulife |
See also
[edit]References
[edit]- ^ "The 5 Big Names in Canadian Insurance". Investopedia. Retrieved 2021-10-04.
- ^ a b "The Biggest Life Insurance Companies in Canada 2021 - Full List". www.policyadvisor.com. Retrieved 2021-10-04.
- ^ "About Us". Canadian Premier. Retrieved 2021-10-04.
- ^ Canada, Equitable Life of. "Equitable Life Insurance Company of Canada". www.equitable.ca. Retrieved 2021-10-04.
- ^ "Humania Assurance, a leader in health insurance products". www.humania.ca. Retrieved 2021-10-04.
- ^ "Amalgamation of Wawanesa Life and Western Life positions company for growth". Wawanesa Insurance. Retrieved 2021-10-04.