These are the top 10 property/casualty insurance companies in Canada (2024)

FAQs

What are the top P&C insurance companies in Canada? ›

Intact Group, Aviva Group, Desjardins Group, Co-operators Group and TD Insurance Group are the major companies operating in the Property and Casualty Insurance Market.

The top five Canadian insurance companies as of the end of 2022, as measured by total assets, are Manulife Financial Corp., Great-West Lifeco, Desjardins Group, Sun Life Financial, and Fairfax Financial Holdings. Manulife. "Our Story: Our Mission." Manulife.

Canada Life, Manulife, Sun Life, Industrial Alliance, and Desjardins are Canada's biggest life insurers, but you should look at more than just size when deciding which provider would be best for your coverage needs.

1. State Farm. State Farm is the industry's biggest player, both in the US and overseas. The Bloomington, Illinois-based P&C insurance giant wrote almost $78 billion worth of premiums in the past year.

In Canada, some of the leading property and casualty insurance companies include: Intact Group, Aviva Group, Desjardins Group, Lloyd Underwriters, and Co-operators Group. Property and casualty insurance typically cover both commercial and privately owned properties.

Intact. Intact Financial Corporation is the largest provider of P&C insurance in Canada, and is also a major provider of specialty insurance in North America. The company services more than six million personal, business, public sector, and institutional clients through offices in Canada, the US, the UK, and Ireland.

Which Canadian Corporation Has the Greatest Market Capitalization? With a market value of 142.03 billion Canadian dollars as of 2024, Royal Bank of Canada topped the list of companies.

Citing data from Ernst & Young's “Canadian Private Passenger Vehicle Insurance Rate Comparisons” study which was released in October 2022, HelloSafe's 2023 car insurance barometer found that Alberta was the Canadian province with the priciest annual auto insurance premiums, at $3,151.

What are the big 3 insurance companies? ›

In general, PwC and Deloitte are considered the most prestigious of the Big 4. If you ask most people about prestige, they'll probably rank PwC/Deloitte > EY > KPMG. This is reflected in pricing, for example. Big 4 will compete with each other on pricing.

1752 The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the oldest insurance carrier in continuous operation in the United States, was established.

Property and Casualty insurance, also referred to as P&C insurance, is essentially joint coverage to protect you from certain risks. Like the first half of the name suggests, property insurance covers things you own —whether it's a car, a home or the belongings you place in it.