Both Life and Health Insurance plays a significant role in Insurance of Canada. Both the banks and other financial institutions have actively participated in the insurance business in the country.
As to the statistics in 2003, the total life insurance including both Individual life Insurance and Group Life insurance was $ 2.484 billions.
The Office Of The Superintendent Of Financial institutions have been acting as the regulatory body in the insurance business in the state.
Insurance Companies In Canada:
Leading insurance Companies in Canada including both life insurance and non-life insurance on the basis of their gross written premiums are as follows:
Life Insurance Companies In Canada:
Major life insurance companies in Canada are as follows:• Sun Life Insurance Canada
• London Life Insurance
• Great-West Life Insurance
• Industrial Alliance
• AIG Life Insurance
• RBC Life Insurance
Non-Life Insurance Companies In Canada:
Major non-life insurance companies in Canada are as follows:• ING Insurance
• Aviva Canada Insurance
• Economical Ins Group
• State Farm Ins Co's
• Royal & SunAlliance
• Wawanesa Mutual
• Meloche Monnex Group
