What is the number one insurance company in Canada?
Key Takeaways. Manulife Financial is the largest insurance provider in Canada and offers a broad range of financial services.
- Sun Life Financial.
- Canada Life Assurance Co.
- Manulife Financial Corp.
- Desjardins Insurance.
- Beneva.
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.
The Co-operators is the top-rated car insurance provider in Canada, with other highly rated providers including The Personal, RBC Insurance, and Economical Insurance.
- #1: United Health Group (UNH)
- #2: Berkshire Hathaway Inc. ( BRK.B)
- #3: CVS Health Corp Group (CVS)
- #4: The Cigna Group (CI)
- #5: Elevance Health Inc. ( ELV)
- #6: Centene (CNC)
- #7: Ping An Insurance (PNGAY)
- #8: Allianz (ALIZY)
Company | Forbes Advisor Rating | Our expert take |
---|---|---|
Nationwide | 5.0 | Best overall |
USAA | 4.8 | Best for military members and veterans |
Travelers | 4.7 | Great for drivers with speeding tickets |
Erie | 4.6 | Best for drivers who caused an accident |
AstraZeneca has taken the top spot on LinkedIn's 2024 Top Companies list, a data-backed ranking of the 25 best companies for employees' career development in Canada.
The Canada Life Assurance Company™, Canada's first life insurance company, began in 1847 in Hamilton, Ontario.
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.
Intact is the largest auto insurer in Canada and one of the biggest providers of specialty insurance in North America. Among the benefits of choosing Intact are its above-average discount and optional coverage offerings.
Is Canada insurance good?
Canada provides world-class hospitals and top-ranked health care in the event of a medical emergency. However, U.S. government health insurance plans do not pay for hospital costs, medical expenses or prescription drugs for visitors to Canada.
LIC emerges as the strongest global insurance brand with a steady brand value of USD 9.8 billion.
Progressive Insurance isn't available in Canada. Find the cheapest car insurance quote from leading Canadian car insurance providers instead. We do not operate in your province.
- #1 State Farm: Editor's Choice. ...
- #2 Geico: Affordable for Most Drivers. ...
- #3 Progressive: Low Rates for High-Risk Drivers. ...
- #4 Allstate. ...
- #5 USAA: Low Rates for Military. ...
- #6 Liberty Mutual: Good Programs for Young Drivers. ...
- #7 Farmers Insurance. ...
- #8 Travelers: Most Coverage Options.
The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management.
State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.
The auto insurance company with the most complaints is United Automobile Insurance, which receives roughly 40 times more complaints than the average insurer its size, according to the latest NAIC complaint index. The insurance companies with the next most complaints are Ocean Harbor Insurance and California Casualty.
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
Rank 2023 | Brand | Category |
---|---|---|
1 | RBC | Financial Services |
2 | TD | Financial Services |
3 | lululemon | Apparel |
4 | Bell | Telecom Providers |
What is Canada's biggest brand?
- TD Bank Group (TD) is the most valuable brand in Canada for the second consecutive year, according to the latest Canada 100 report by Brand Finance, the world's leading brand valuation consultancy.
- WSP Global brand value soars 72%
Rank | Rank Change | Company |
---|---|---|
1 | 2 | Royal Bank of Canada |
2 | Bank of Nova Scotia | |
3 | 2 | Toronto-Dominion Bank |
4 | 3 | Bank of Montreal |
- ​Belair Insurance Company Inc.
- ​Intact Insurance Company.
- ​JEVCO Insurance Company.
- Johnson Insurance.
- The Nordic Insurance Company of Canada.
- ​Novex Insurance Company.
- ​Royal & Sun Alliance Insurance Company of Canada.
- ​Trafalgar Insurance Company of Canada.
- iA Financial Group.
- Foresters Financial.
- Desjardins Insurance.
- BMO Insurance.
- RBC Insurance.
- SSQ Insurance.
- La Capitale.
- Manulife.
- Blue Cross: Best for prescription medication & dental coverage.
- Canada Life: Best for vision coverage.
- Desjardin: Best for bundling with other products.
- GMS: Best for multiple plan options.
- Greenshield: Best for paramedical (chiro, physio, massage, etc.) ...
- Manulife: Best for customization.
References
- https://www.visitorguard.com/travel-insurance-usa-from-india/
- https://www.marketwatch.com/guides/insurance-services/travel-medical-insurance/
- https://www.imtins.com/imt_minute/lc_060710.php
- https://travel.gc.ca/travelling/documents/travel-insurance
- https://www.princeedwardisland.ca/en/information/health-pei/hospital-fees-for-international-patients-2023-2024
- https://cleartax.in/s/best-travel-insurance-in-india
- https://www.tourguidecanada.com/travel-medical-insurance-canada.html
- https://www.canadalife.com/about-us/who-we-are/company-history.html
- https://www.cihi.ca/en/health-workforce-in-canada-in-focus-including-nurses-and-physicians/an-overview-of-physician
- https://www.marketwatch.com/guides/insurance-services/travel-insurance-cost/
- https://www.latimes.com/compare-deals/insurance/guides/travel-insurance-canada
- https://www.investopedia.com/articles/active-trading/111314/top-10-insurance-companies-metrics.asp
- https://www.coverme.com/blog/travel/complete-guide-to-visitor-to-canada-travel-insurance.html
- https://www.visitorguard.com/can-i-buy-travel-insurance-after-leaving-canada/
- https://www.travelex.com.au/stores
- https://m.economictimes.com/industry/banking/finance/insure/lic-worlds-strongest-insurance-brand-brand-finance-insurance-report/articleshow/108793172.cms
- https://www.forbes.com/advisor/car-insurance/best-car-insurance-companies/
- https://www.staysure.co.uk/travel-insurance/resources/what-affects-the-price-of-travel-insurance/
- https://www.marketwatch.com/guides/insurance-services/largest-car-insurance-companies/
- https://hellosafe.ca/en/travel-insurance
- https://www.americanvisitorinsurance.com/travel-insurance/canada/travel-to-usa.asp
- https://en.wikipedia.org/wiki/Travelex
- https://www.alberta.ca/ahcip-coverage-outside-canada
- https://rates.ca/resources/can-you-buy-travel-insurance-after-leaving-canada
- https://www.canada.ca/en/health-canada/services/canada-health-care-system.html
- https://www.benefitsandpensionsmonitor.com/news/industry-news/the-top-5-largest-group-benefits-insurers-in-canada/382141
- https://www.canadianlic.com/blog/what-is-the-average-cost-of-travel-insurance/
- https://www.marketwatch.com/guides/insurance-services/health-insurance-for-visitors-to-usa/
- https://www.progressive.com/answers/driving-in-canada/
- https://www.forbes.com/advisor/travel-insurance/should-you-buy-travel-insurance/
- https://www.insurancebusinessmag.com/ca/news/auto-motor/these-are-canadas-top-car-insurance-providers-in-2022-420102.aspx
- https://www.linkedin.com/news/story/the-top-25-companies-in-canada-6695618/
- https://www.postoffice.co.uk/travel-insurance
- https://wwwnc.cdc.gov/travel/page/health-care-during-travel
- https://www.travelinsurance.ca/en_CA/faq/what-happens-if-you-get-sick-or-injured-in-canada.html
- https://en.wikipedia.org/wiki/Allianz
- https://www.careinsurance.com/blog/travel-insurance-articles/4-reasons-travel-insurance-plans-for-us-and-canada-are-costlier
- https://www.insurance.com/auto-insurance/coverage/us-auto-insurance-canada
- https://www.insurancehotline.com/progressive-insurance-in-canada
- https://www.policyadvisor.com/insurance-companies/biggest-insurance-companies-canada/
- https://www.thetimes.co.uk/money-mentor/insurance/travel-insurance/best-travel-insurance-providers
- https://www.internationalinsurance.com/health/north-america/canada.php
- https://www.insurancebusinessmag.com/ca/news/auto-motor/most-expensive-provinces-for-auto-insurance-premiums-revealed-432632.aspx
- https://www.bluecross.ca/choosing-the-right-travel-insurance/
- https://www.ibc.ca/industry-resources/ibc-advantage/our-members
- https://www.generalitravelinsurance.com/travel-resources/travel-insurance-cost.html
- https://www.canada.ca/en/financial-consumer-agency/services/insurance/health.html
- https://www.marketwatch.com/guides/insurance-services/allianz-travel-insurance-review/
- https://www.visitorsinsurance.com/travel-visitors-canada.asp
- https://www.quora.com/Can-an-American-visit-a-Canadian-doctor-when-visiting-Canada-for-treatment-purposes-if-they-dont-have-health-insurance
- https://www.admiral.com/travel-insurance/destination/canada
- https://www.comparethemarket.com/travel-insurance/content/what-does-travel-insurance-cover/
- https://www.marketwatch.com/guides/insurance-services/travel-insurance-canada/
- https://www.travelex.com.au/travel-money-card
- https://www.visitorscoverage.com/insurance/tips-for-uninsured-visitors-to-usa/
- https://en.wikipedia.org/wiki/List_of_largest_public_companies_in_Canada_by_profit
- https://www.progressive.com/answers/international-car-insurance/
- https://www.tico.ca/blog/travel-insurance-within-canada
- https://www.allianz-assistance.co.uk/travel-insurance/destinations/usa-travel-insurance.html
- https://www.gms.ca/living-well/is-the-cost-of-private-health-insurance-worth-it-in-canada
- https://ircc.canada.ca/english/helpcentre/answer.asp?qnum=424&top=16
- https://www.cicnews.com/2023/05/moving-to-canada-everything-you-need-to-know-about-canadas-health-care-system-0535052.html
- https://en.wikipedia.org/wiki/Canadian_Automobile_Association
- https://helloskip.com/blog/the-pros-and-cons-of-travel-insurance
- https://your.yale.edu/sites/default/files/files/Travel%20Insurance%20101.pdf
- https://www.policygenius.com/auto-insurance/does-my-car-insurance-work-in-canada/
- https://www.newswire.ca/news-releases/travelex-joins-insuremytrip-ca-s-growing-travel-insurance-offerings-in-canada-807873047.html
- https://www.insuremytrip.com/travel-insurance-providers/travelex/
- https://brandirectory.com/rankings/canada/
- https://www.postoffice.co.uk/travel-insurance/usa
- https://arrivein.com/daily-life-in-canada/healthcare-in-canada-basics-for-newcomers/
- https://www.internationalinsurance.com/health/systems/canadian-health-care/
- https://bestquotetravelinsurance.ca/blog/how-to-navigate-healthcare-in-canada-for-non-residents
- https://www.valuepenguin.com/largest-auto-insurance-companies
- https://www.thezebra.com/auto-insurance/coverage/car-insurance-canada/
- https://www.thecurrencyshop.com.au/reviews/travelex-money-card-review
- https://www.forbes.com/advisor/ca/travel-insurance/travel-insurance-within-canada/
- https://www.policybazaar.com/travel-insurance/articles/why-travel-insurance-costlier-for-us-canada/
- https://www.wealthprofessional.ca/news/industry-news/which-firms-are-canadas-most-valuable-brands-in-2023/380682
- https://www.linkedin.com/pulse/20-most-notable-insurance-carrier-failures-jeff-affronti
- https://travel.state.gov/content/travel/en/international-travel/before-you-go/your-health-abroad/Insurance_Coverage_Overseas.html
- https://wallethub.com/answers/ci/what-insurance-company-has-the-most-complaints-2140768313/
- https://www.medicare.gov/Pubs/pdf/11037-Medicare-Coverage-Outside-United-States.pdf
- https://www.visitorsinsurance.com/canadians-traveling-to-usa.asp
- https://www.tripmasters.com/cms-title/cms?cms=%2012891
- https://www.canadianlic.com/canadian-insurance-companies/
- https://www.travelers.com/resources/travel/when-should-i-purchase-travel-insurance
- https://www.usatoday.com/money/blueprint/travel-insurance/average-travel-insurance-cost/
- https://internationalliving.com/countries/mexico/medicare-benefits-for-u-s-citizens-living-abroad/
- https://www.humana.com/medicare/medicare-resources/medicare-and-traveling-abroad
- https://www.americanvisitorinsurance.com/travel-insurance/usa/travel-to-canada.asp
- https://www.quora.com/What-happens-if-a-Canadian-citizen-gets-sick-while-visiting-the-US-Will-they-be-responsible-for-all-of-the-costs-or-will-their-Medicare-cover-it
- https://www.forbes.com/advisor/travel-insurance/average-travel-insurance-cost/
- https://www.gocompare.com/travel-insurance/destinations/canada/
- https://www.thezebra.com/insurance-companies/best-car-insurance-companies/
- https://www.cbsa-asfc.gc.ca/travel-voyage/td-dv-eng.html
- https://www.publichealth.columbia.edu/research/others/comparative-health-policy-library/canada-summary
- https://moving2canada.com/planning/travelling-to-canada/insurance/travel-insurance-canada-vs-health-insurance-canada/
- https://www.nerdwallet.com/article/travel/best-travel-insurance
- https://mwg.aaa.com/automotive/roadside/faqs
- https://fortune.com/recommends/credit-cards/do-credit-cards-offer-travel-insurance/
- https://wowa.ca/best-car-insurance-canada
- https://www.reuters.com/markets/deals/travelex-owners-considering-sale-company-sources-2023-09-28/
- https://www.policyadvisor.com/health-insurance/health-insurance-company-reviews/
- https://www.coverme.com/blog/health/2022/government-health-insurance.html
- https://www.travelex.com.au/travel-money-card/usa
- https://wise.com/us/blog/health-care-in-canada
- https://www.travelex.com.au/travelex-hub/travel-guides/usa
- https://sbis.ca/your-out-of-country-visitors-need-travel-health-insurance.html
- https://tc.canada.ca/en/road-transportation/importing-vehicle/temporarily-importing-vehicles