LIST OF INSURANCE COMPANIES IN CANADA

List Of Insurance Companies In Canada

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
List Of Insurance Companies In Canada

Please remember that information contained in this article is purely educational content and does not constitute financial advice.

  • 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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