List Of Insurance Companies In Canada (2023)
Everyone needs protection from harm and so insurance provides the needed cover for all humans in society. Insurance in itself is relevant in the society because of these covers areas affecting companies, private individuals, and the government, etc. as such the list of insurance companies in Canada. Situations amounting to a case of a loss or damages being suffered in the future, e.g. accidents in a car crash, theft of properties in people’s places of residence, etc.
It is necessary to state here that there are two main aspects of insurance and these are life and non-life. In the life insurance, a particular amount of money is paid a premium to the beneficiary after the death or terminal illness of the policyholder. This specific amount is directly proportional to the number of investments made during the period of being alive or in a good state of health. This policy includes areas like; endowment policy, annuities, whole life insurance policy, etc. For the non-life insurance is a notable sector in the Canadian economy which has to do with the non-life policies like; travel insurance, health insurance, property insurance, car insurance, fire insurance, house insurance, and finance, etc.
Numerous insurance companies exist here in Canada and below is a brief list of such companies you can find in Canada and they are;
LIST OF INSURANCE COMPANIES IN CANADA
- Assumption Life
- Aviva Canada
- Blue Cross
- CAA Health & Dental Insurance
- Desjardins Group
- Economical Insurance
- Equitable Life of Canada
- Empire Life Insurance Company
- Federated Insurance Company of Canada
- Foxquilt Insurance Services
- Great American Insurance Company
- Green Shield Canada
- The Guarantee Company of North America
- The Great-West Life Assurance Company
- Intact Insurance Company of Canada
- Manulife Financial
- Primerica Incorporated
- SSQ Financial Group
- Sun Life Financial
- TD Insurance
- The Personal Group Insurance Company
- Wawanesa Insurance
Contact Us Of Insurance Companies In Canada (Phone Number, Addresses, And Website)
- Assumption Life
Headquarters Location: Moncton, Canada
Company Established: 1903
Parent organization: Assumption Group
Subsidiary Companies: Assumption Mutual Life Insurance Co., U.S. Branch,
Official Website: www.assumption.ca - Aviva Canada
Headquarters Location: Canada
Parent organization: Aviva plc
Company Established: 1999
Subsidiary Companies: National Home Warranty Group Incorporated.
Official Website: www.aviva.ca - Blue Cross
Headquarters Location: Chicago, Illinois, United States
Subsidiary Companies: Blue Cross Blue Shield of Massachusetts,
Official Website: www.bcbs.com - CAA Health & Dental Insurance
Official Website: https://www.caalifeand alsohealth.ca/caa/health-and also-dental-plans.jsp - Desjardins Group
Headquarters Location: Levis, Canada
Company Established: 1900.
Subsidiary Companies: Desjardins Insurance, The Personal, Zag Bank
Founders: Alphonse Desjardins, Dorimène Roy Desjardins
Official Website: https://www.desjardins.com/ca/index.jsp - Economical Insurance
Headquarters Location: Waterloo, Canada
Subsidiary Companies: Sonnet Insurance Company
Official Website: https://www.economical.com/ - Equitable Life of Canada
One Westmount Road North
P.O. Box 1603 Stn Waterloo
Waterloo, Ontario N2J 4C7
Telephone contact: 1.800.668.4095
Official Website: https://www.equitable.ca/ - Empire Life Insurance Company
Headquarters Location: Kingston, Canada
Parent organization: E-L Financial Corp. Ltd.
Subsidiary Companies: Empire Life Investments Inc.
Official Website: https://www.empire.ca/ - Federated Insurance Company of Canada
Headquarters Location: Winnipeg, Canada
Company Established: 1920
Parent organizations: Fairfax Financial, Northbridge Financial Corporation
Official Website: www.federated.ca - Foxquilt Insurance Services
Address: 3600 Steeles Ave E, Markham, ON L3R 9Z7, Canada
Phone contact : +1 888-878-4588
Province: Ontario
Official Website: https://www.foxquilt.com/ - Great American Insurance Company
Headquarters Location: Cincinnati, Ohio, United States
Company Established: 1872
Subsidiary Companies: Strategic Comp Holdings LLC, MORE
Parent organization: American Financial Group
Official Website: www.greatamericaninsurancegroup.com - Green Shield Canada
Company Established: 1957
Headquarters location: Windsor, Canada
Type of Business Entity: Non-for-profit
Telephone contact: 1.888.711.1119
Official Website: https://www.greenshield.ca/en-ca - The Guarantee Company of North America
Headquarters location: Toronto, Canada
Company Established: 1872
Official Website: www.theguarantee.com - The Great-West Life Assurance Company
Headquarters Location: Winnipeg, Canada
Parent organization: Great-West Lifeco
Subsidiary Companies: Canada Life Financial, Putnam Investments. - Intact Insurance Company of Canada
10830 Jasper Avenue, Edmonton, AB, T5J 2B3 CA
Telephone contact : +1 (844) 889 3766
Official Website: https://www.intact.ca/en/personal-insurance.html - Manulife Financial
Headquarters Location: Toronto, Canada
Subsidiary Companies: Manulife Bank of Canada, John Hancock Financial
Official Website: https://www.manulife.ca/personal.html - Primerica Incorporated
Business type: Multi Level Marketing
Headquarters Location: Duluth, Georgia, United States
Company Established: February 10, 1977
Official Website: www.primerica.com - SSQ Financial Group
Parent: SSQ, Life Insurance Company Inc
Company Established: 1944
Headquarters Location location: Quebec City, Canada
Subsidiary Companies: SSQ General Insurance Company Inc.,
Official Website: https://ssq.ca/en - Sun Life Financial
Customer service: 009 1 781-237-6030
Headquarters Location: Toronto, Canada
Subsidiary Companies: MFS Government Markets, Artizans, Labourers & General Dwellings Company
Parent organization: Sun Life Assurance Company Of Canada
Official Website: www.sunlife.ca - TD Insurance
1-866-361-2311
Official Website: https://www.tdinsurance.com/ - The Personal Group Insurance Company
Headquarters Location: Mississauga, Canada
Parent: Desjardins Group
Official Website: https://www.thepersonal.com/ - Wawanesa Insurance
Headquarters Location: Winnipeg, Canada
Company Established: 1896
Subsidiary Companies: The Wawanesa Life Insurance Company
Type of Business Entity Entity: Privately owned company
Areas served: Canada, California, Oregon
Official Website: https://www.wawanesa.com/us/california/
List Of Insurance Companies In Canada
Please remember that information contained in this article is purely educational content and does not constitute financial advice.
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CANADA OVERVIEW
Canada is globally recognized as one of the countries with the best insurance companies and policies. This North American nation unlike her counterparts in Africa and the insurance companies in European nations of the world have well structured, defined, established, funded, a vast asset at their disposal, and have a deep sense of purpose which goes beyond just doing business but doing the extraordinary in the business world. Insurance companies in Canada are doing great because of the socioeconomic and political atmosphere within which it operates.
In this write-up is a comprehensive list of the Insurance Companies located in Canada. Insurance in itself is a medium for the risk management process. Since life is a risk on its own, the man had to create a medium to manage that risk in other for people to enjoy their lives even at the ripe age of 60 years and above or have something left to rely upon even after active service. Due to the high risk in business procedures, some insurance companies have seen the need to join forces with other financial institutions, brokerage companies, and banks, etc. Insurance companies not only offer premium but also, they render essential services and products like; group insurance, non-medical life insurance, whole life insurance, disability insurance, term life insurance, long-term care insurance, etc. over the century insurance has continued to evolve despite the various times.
In insurance, the premium is gotten from policyholders and invested into the company business in other to get additional income. All major insurance companies in the world have been able to acquire assets despite the products and services they render to their customers.
The body responsible for the regulation of all insurance companies is known as the Canadian Council of Insurance Regulators (CCIR). This is also known as an inter-jurisdictional association of insurance regulators. The sole aim or primary duties of the Canadian Council of Insurance Regulators (CCIR) is majorly to Fastrack and promote an effective and efficient insurance regulatory system in Canada to serve the public interest. Alongside the insurance companies, they all work together in other to develop vital solutions to common regulatory issues.
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CONCLUSION ON THE LIST OF INSURANCE COMPANIES IN CANADA
Many individuals in Canada have practically benefited from the establishment of insurance companies in the country. With the establishment of various insurance companies ranging from health, agriculture, commerce, properties, transportation, etc., it has provided the citizens of the country to effectively choose what type of insurance policy they desire and want to operate upon. In operating with an insurance company in Canada, it is pertinent to note here that the policyholder must be ready and also able to meet up with the terms and conditions set aside for all those who have decided to become an active member in any insurance company and also these rules, regulations, and guidelines must be at par with the Canadian Council of Insurance Regulators (CCIR) against which such a person/insurance company may cease to exist in that regards.
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