List of insurance companies in Canada explained

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.

Current insurance carriers

• Allstate Canada — Canadian subsidiary of Allstate (US).
  • Assumption Life Assurant Canada^[3]
• Aviva Canada
• Beneva (created through merger of La Capitale and SSQ Insurance)
• CAA Insurance Company
• Canadian Association of Blue Cross Plans
  • Alberta Blue Cross
  • Canassurance Hospital Service Association
    • Ontario Blue Cross
    • Quebec Blue Cross
  • Manitoba Blue Cross
  • Medavie Blue Cross
  • Pacific Blue Cross
  • Saskatchewan Blue Cross
• Canadian Premier^[4]
• Combined Insurance Canada — Canadian subsidiary of Combined Insurance (US).^[5]
• The Co-operators Group
  • Sovereign General Insurance Company
• Desjardins Insurance
  • Desjardins Financial Security
  • The Personal
• Economical Insurance
• Foresters Financial
  • Canada Protection Plan
• Empire Life
• Equitable Life of Canada^[6]
• Federated Insurance Company of Canada
• Gore Mutual Insurance Company
• Great American Insurance Company
• Great-West Lifeco, Inc. — insurance-centered financial holding company
  • • Canada Life Green Shield Canada
• Heartland Farm Mutual Inc.
• Humania^[7]
• IA Financial Group
• Intact Financial ONTARIO
• Knights of Columbus
• Manulife
  • John Hancock Financial (based in the US)
• Munich Re Canada
• Primerica Canada — Canadian subsidiary of Primerica (US).
• Reliable Life^[8]
• Sun Life Financial
• Swiss Re
• Teachers Life
• UV Insurance (formerly the Union Life Mutual Assurance Company, or UL Mutual)^[9]
• Wawanesa Insurance
  • Wawanesa Life
• Wilton Re
  • ivari^[10]

Bank-affiliated carriers

• BMO Life
• CIBC Insurance
• National Bank Insurance
• RBC Insurance
• Scotia Life
• TD Insurance

Government-owned insurance companies

• Insurance Corporation of British Columbia
• Manitoba Public Insurance
• Saskatchewan Government Insurance
  • Coachman Insurance Company
• Société de l'assurance automobile du Québec

Consolidation of former insurance carriers

Company	Acquired by / Merged into	Year acquired	Notes
Aetna Canada Assurance	Maritime Life	1999
Canada Life Assurance Company	Great-West Lifeco.	2003
Clarica Life Assurance (formerly Mutual Life Assurance Co.)	Sun Life Financial	2002
Commercial Union Life Assurance	Manulife	2001
Confederation Life Assurance Co.	Manulife and Maritime Life	1995 (receivership)	Purchase of its Canadian business units
Crown Life Assurance Co.	Canada Life Assurance	1998
Dominion Life Assurance Company	Manulife	1985
Dominion of Canada General Insurance Co. (aka The Dominion)	The Travelers Companies	2013	Acquired by The Travelers Companies in November 2013, and became part of its subsidiary, Travelers Canada
Hartford Steam Boiler Inspection and Insurance Company	Munich Re
Imperial Life	Desjardins Group	1994
Kings Mutual Insurance Company	Heartland Farm Mutual	2021
La Capitale	Beneva		Merged with SSQ Insurance to create Beneva.
Laurentian Life	Imperial Life	1993
Liberty Health	Maritime Life	2003
London Life Insurance Company	Great-West Lifeco.	1997
Maritime Life	Manulife	2004	Purchased by Manulife as part of the John Hancock Insurance acquisition.
Metropolitan Life	Mutual Life	1998	Canadian operations purchased by Mutual Life (which later became Clarica Life Assurance)
Mutual Life Assurance Company	Sun Life	2002
Mutual of Omaha	RBC Insurance	1998	Purchase of its Canadian operations
New York Life	Canada Life Assurance Company	1994	Purchase of its Canadian operations
North American Life	Manulife	1995	Merged
North Waterloo Farmers Mutual	Heartland Farm Mutual	2016	Merged with Oxford Mutual to form Heartland Farm Mutual
Ontario Blue Cross	Liberty Health	1995	Group insurance operations obtained
Oxford Mutual Insurance Company	Heartland Farm Mutual	2016	Merged with North Waterloo to form Heartland Farm Mutual
Prudential Assurance Co.	Sun Life Assurance Company of Canada	1996	Purchase of its Canadian operations
Prudential Insurance Co. of America	London Life Insurance Company	1995	Purchase of its Canadian operations
Royal & SunAlliance Ins. Co.	Maritime Life	2001	Purchase of its Canadian operations
UnumProvident	RBC Insurance	2004	Purchase of its Canadian operations
SSQ Insurance	Beneva		Merged with La Capitale to create Beneva.
State Farm	Desjardins Financial Security	2014
Waterloo Mutual Insurance Company	Economical Insurance	1980
Westbury Canadian Life	RBC Insurance	2004
Western Life Assurance Company^[11]	Wawanesa Life	2020	Amalgamated
Zurich Life Insurance of Canada	Manulife	2001	Canadian group life & health business purchased

See also

• List of bank and credit unions in Canada
• List of trust and loan companies in Canada

Notes and References

1. Web site: The 5 Big Names in Canadian Insurance. 2021-10-04. Investopedia. en.
2. Web site: The Biggest Life Insurance Companies in Canada 2021 - Full List. 2021-10-04. www.policyadvisor.com.
3. Web site: Who we are. 2021-10-04. www.assurant.ca. en-CA.
4. Web site: About Us. 2021-10-04. Canadian Premier. en-US.
5. Web site: Homepage. 2021-10-04. www.combinedinsurance.com. en.
6. Web site: Canada. Equitable Life of. Equitable Life Insurance Company of Canada. 2021-10-04. www.equitable.ca. en.
7. Web site: Humania Assurance, a leader in health insurance products. 2021-10-04. www.humania.ca. en-CA.
8. Web site: About Reliable Life Insurance Company. 2021-10-04. www.reliablelifeinsurance.com.
9. Web site: UL Mutual to become UV Insurance. 2021-10-04. UV Insurance. en-CA.
10. Web site: 2015-10-19. Company information ivari. 2021-10-04.
11. Web site: Amalgamation of Wawanesa Life and Western Life positions company for growth. 2021-10-04. Wawanesa Insurance. en-ca.