Companies offering a variety of personal, business, and industrial insurance policies in Canada.



Insurance :



 
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated.

 



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  • Insurance Companies in Toronto

    Find companies offering a variety of personal, business, and industrial insurance policies including life, term, health, travel, disaster, dental, car and auto insurance, and other types of policies in Toronto, Ontario, Canada.





Insurance companies of Canada :



 
  • Assumption Life

    Assumption Life (Fr: Assomption Vie) is a financial services company based in Moncton, New Brunswick, Canada. The company is a Canada wide life insurance provider with over 75,000 active policies and also operates a large asset management agency with over 1 billion dollars of assets under management.

  • Aviva Canada

    Aviva Canada Inc. (Also known as Aviva Canada) is the Canadian arm of UK based Aviva plc. Aviva Canada is the second largest Property & Casualty Insurer in Canada with a market share of 8.7% and Gross Written Premium (GWP) of $3.155B.

  • Canada Life Financial

    Canada Life Financial Corporation (TSX: CL) is a Canadian company that offers life, health, and disability insurance for groups and individuals.

    Founded in 1847, it was acquired by The Great-West Life Assurance Company in 2003, after rejecting a hostile takeover bid by rival Manulife. Hugh Cossart Baker, Sr. established the first life insurance company in Canada 21 August 1847; the Canada Life Assurance Company. The firm was incorporated in 1849. The first head office was in Hamilton, Ontario on the top floor of the Mechanics' Institute on James Street near Merrick, where the Hamilton City Centre (formerly the Eaton's Centre) now stands. The head office remained in Hamilton until 1900, when the new president George Cox moved it to Toronto. He was the father of telephone pioneer Hugh Cossart Baker, Jr..

    Canada Life is based in Toronto, Ontario at the historic Canada Life Building on University Avenue. It also commissioned the Canada Life Building in Montreal.

  • The Co-operators

    The Co-operators, founded in 1945, is a Canadian insurance co-operative owned by 40 members. It is one of the largest wholly Canadian-owned multiline insurers, offering auto, home, life, farm, travel, and business insurance as well as investments. The company was started by farmers in Saskatchewan, in 1945.

  • Desjardins Financial Security

    Desjardins Financial Security is the life and health insurance arm of Desjardins Group, the leading financial institution in Quebec and the largest cooperative financial group in Canada.

    Desjardins Financial Security specializes in individual and group life and health insurance, as well as retirement savings products and services. The Company employs more than 3,700 people and administers over $22 billion in assets.

    It is ranked as the fourth largest life and health insurer in Canada and first in Quebec in terms of written premiums.

    The head office of Desjardins Financial Security is in Lévis, Quebec.

    Desjardins Financial Security has branches in several cities across Canada, including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Quebec City, Halifax and St. John's.

  • Dominion of Canada General Insurance Company

    The Dominion of Canada General Insurance Company, commonly shortened to The Dominion, has been in operation since 1887. Its first president was Canada's first Prime Minister Sir John A. Macdonald. Not only is it one of Canada's oldest insurance companies, it is also one of the largest. It is the only company legally licenced to use the Canadian coat of arms in its logo and affiliated material. The company has offices across Canada and is headquartered in Toronto, Ontario.

  • Empire Life

    The Empire Life Insurance Company (Empire Life or Empire Vie) is a Canadian life insurance and financial services company with its headquarters in Kingston, Ontario, Canada. It was incorporated in 1923 and is a subsidiary of E-L Financial Corporation Limited of Toronto, Ontario, Canada. The Company provides individual life, health and investment products as well as group life and health products through independent distribution partners including financial advisors, management general agents, national account firms and employee benefit producers.

  • Fairfax Financial

    Fairfax Financial Holdings Limited (TSX: FFH NYSE: FFH) is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life insurance and reinsurance, investment management, and insurance claims management. The company operates primarily through several subsidiaries, including Odyssey Re, Northbridge Financial, and Crum & Forster.

    As of December 31, 2008, Fairfax had total assets of approximately $27.3 billion, and its revenue for the prior twelve months was approximately $8.0 billion. Over the last 22 years (that is, since present management took over - until fiscal year Dec. 31, 2007), the company had a compound growth rate of approximately 26% in book value per share.

    Fairfax Financial has worldwide over 8,200 employees (5,000 of them work throughout the United States). There are just 30 employees at head office in Toronto.

  • Federated Insurance Company of Canada

    Federated Insurance Company of Canada ("Federated Insurance") is a direct writer of property and casualty insurance products headquartered in Winnipeg, Manitoba, Canada. The Company has approximately 370 employees in nine offices across Canada, with approximately 150 in Winnipeg. Federated Insurance has an A. M. Best rating of "A (Excellent)."

  • The Great-West Life Assurance Company

    The Great-West Life Assurance Company (known more commonly Great-West Life, and its official French name is La Great-West, compagnie d'assurance-vie) (TSX: GWO) is a life insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its President and CEO is Allen Loney.

  • The Guarantee Company of North America

    The Guarantee Company of North America (GCNA), founded in 1872, is currently the largest purveyor of contract surety and fidelity bonding in Canada.

    It started out providing fidelity bonds for the employees of the railways (such as the Grand Trunk Railway) in the 1800s.

    The earliest beginnings are traced back to an Edward Rawlings who in 1863 was dispatched from London, England, to Montreal, Canada, to begin this venture. He initially went out of business, but together with his clients and friend Sir Alexander Galt acquired a Charter on April 9, 1872, with Sir Alexander as president and Rawlings as manager in Montreal, Quebec.

    Today the GCNA is the largest provider of insurance to government and governmental organizations across Canada.

  • H.L. Staebler Company

    H.L. Staebler Company Limited is an independently owned and operated insurance brokerage located in Kitchener, Ontario, Canada.

  • Harvard Developments

    Harvard Developments is the name of a commercial development and holding corporation in the Canadian city of Regina, Saskatchewan. It is involved in commercial and residential development, plus radio broadcasting and insurance. It is the descendant of firms controlled by the Hill family of Regina.

  • Hub International

    Hub International Limited is an insurance brokerage based in Chicago, Illinois. The company has 200+ offices across the United States and Canada. The company offers three types of commercial products and services: property and casualty products, employee benefits and risk management services. It offers two types of personal products and services: property and casualty products, and life, health and financial products and services.

  • Industrial Alliance

    Industrial Alliance Insurance and Financial Services, Incorporated is a Quebec based financial services company in the business of individual and group insurance, individual wealth management and group pensions. It is a major player in the Canadian market where it serves 3 million people across the country and ranks 4th among insurance companies however, the company has recently begun focusing on increasing its presence in the US market where it sees an opportunity for growth. Its first major expansion into the US market happened in April 2010 when it purchased American Amicable Life Insurance of Texas for $145 million. In 2010, Industrial Alliance listed in Forbes Magazines "Global 2000" list of companies.

  • Insurance Corporation of British Columbia

    The Insurance Corporation of British Columbia (ICBC) is a provincial crown corporation in British Columbia created in 1973 by the NDP government of British Columbia. The original purpose of ICBC was to provide universal public auto insurance in British Columbia. Its responsibilities have expanded to include driver licensing and vehicle registration and licensing.

  • The Personal Insurance Company

    Founded in 1974, The Personal Insurance Company (The Personal) is a Canadian property and casualty (P&C) group insurance company that specializes in home insurance and auto insurance. They provide insurance to members and employees of over 560 organizations across Canada, including employers, unions, financial institutions, and the government sector.

  • London Life Insurance Company

    London Life Insurance Company is a Canadian life insurance company best known for its "Freedom 55" slogan, evocative of saving money to an extent that would allow one to retire at age 55. London Life is a subsidiary of The Great-West Life Assurance Company, which in turn is controlled by Power Financial Corporation.

  • Manitoba Public Insurance

    Manitoba Public Insurance (MPI, formerly known as the Manitoba Public Insurance Corporation, or MPIC) is a non-profit Crown corporation based in Manitoba that has provided basic public auto insurance since 1971.

    MPI has 22 claim centres, two customer service centres in 13 locations across Manitoba, and ten Driver and Vehicle Licensing (DVL) outlets. DVL services are also available through 147 agents in 123 communities, including 100 photo licencing agencies, and mobile testing units that service 69 communities. Over 1,700 people are employed by MPI.

    The basic automobile insurance product offered by MPI is known more informally as Autopac. Basic automobile insurance is compulsory in Manitoba and is only available through Manitoba Public Insurance. Extension insurance products (lower deductibles, increased insurance coverage, etc.) are sold in competition with the private sector.

    MPI partners with more than 300 independent insurance brokers in Manitoba.

    The head office of the company is Winnipeg, Manitoba, Canada.

  • Manulife Financial Corporation

    Manulife Financial Corporation (NYSE: MFC, TSX: MFC, SEHK: 945, PSE: MFC), also known as The Manufacturers Life Insurance Company, is a major Canadian insurance company and financial services provider. Although its global head office is located in Toronto, with its Canadian operations based out of Waterloo, Ontario, Manulife has worldwide operations including the United States (through its subsidiary, John Hancock Insurance) and in 10 Asian countries and territories.

    Manulife Financial is the largest insurance company in North America and the world's fourth largest, based on market capitalization. Manulife ranks number 91 on the Forbes Global 2000 list (2008 edition); by that measure, it is the second largest company in Canada.

  • Maritime Life

    The Maritime Life Assurance Company was a Canadian insurance company based in Halifax, Nova Scotia. It was founded in 1922 and in 2004 it became fully integrated with Manulife Financial, with the Maritime Life brand being retired. In 2004 it employed 2700 employees.

    The Maritime Life headquarters were located in Armdale, Nova Scotia (part of Halifax) near the head of the Northwest Arm. After the merger with Manulife Financial, the signage of the buildings was changed and the facility became Manulife's central Halifax office.

  • Medavie Blue Cross

    Medavie Blue Cross (French: Croix Bleue Medavie) is the business name for Medavie Incorporated, a non-profit Canadian medical care insurance company headquartered in Moncton, New Brunswick.

    Affiliated with the Canadian Association of Blue Cross Plans, Medavie Blue Cross traces its history to E.A. van Steenwyk's 1933 creation of the Hospital Service Association of Minnesota, which became known as Blue Cross.

  • National Bank Insurance

    National Bank Insurance National Bank General Insurance is a Property & Casualty insurance firm that provides automobile and home insurance services directly to Quebec residents under the National Bank Insurance banner.

  • Saskatchewan Government Insurance

    Created in 1945, Saskatchewan Government Insurance (SGI) is a provincial Crown corporation that has been developed over the years into two linked operations.

    The Saskatchewan Auto Fund is the province’s compulsory public auto insurance program, operating the driver’s licensing and vehicle registration system. The Auto Fund is financially self-sustaining, operating on a break-even basis over time. The Saskatchewan Auto Fund claims that it does not receive money from, nor pay dividends to, the government.

    SGI CANADA sells property and casualty insurance on properties such as homes, farms, businesses and automobile insurance in seven Canadian provinces. It operates as SGI CANADA in Saskatchewan, SGI CANADA Insurance Services Ltd. in Manitoba and Alberta, the Coachman Insurance Company in Ontario and as a major partner in the Insurance Company of Prince Edward Island in Nova Scotia, New Brunswick and Prince Edward Island.

  • Société de l'assurance automobile du Québec

    The Société de l'assurance automobile du Québec or SAAQ (English: Quebec Automobile Insurance Corporation), is a Quebec crown corporation which provides public auto insurance which insures all drivers, passengers, pedestrians, bicyclists and motorcyclists involved in road collisions whether or not they are at fault. Coverage, however, is limited to personal injuries — damage to property is covered by private insurers.


    The SAAQ also administers Quebec's driver's licenses and vehicle licence plates (analogous to the DMVs of many U.S. States), and seeks to prevent road accidents, particularly through advertising campaigns in the media and in schools.

  • Standard Life

    The Standard Life Assurance Company of Canada (also known as Standard Life) is a major investment, retirement and financial protection company through various products and services. The Standard Life group has been a prominent player in the Canadian marketplace since 1833.

    They currently employ over 2,000 people across Canada who work from 25 offices across the country. They are divided into different groups including group savings and retirement, group insurance, individual life insurance, savings and retirement, mutual funds and portfolio management.

  • Sun Life Financial

    Sun Life Financial Inc. (TSX: SLF, NYSE: SLF, PSE: SLF) is a leading international financial services company known primarily as a life insurance company. Sun Life ranks number 236 on the Forbes Global 2000 list for 2010.

  • Townsend Farmers' Mutual Fire Insurance Company

    Townsend Farmers' Mutual Fire Insurance Company is a Canadian insurance company, headquartered in rural Ontario. The company was founded in 1879.



 
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