How big is the insurance market in Canada?
Feb 1, 2016
How many Canadians have insurance?
Life and health insurers provided coverage for over 29 million Canadians – or 76 per cent of the population in 2021.
Who is the biggest insurer in Canada?
Manulife Financial is the largest insurance provider in Canada and offers a broad range of financial services. Great-West Lifeco, Inc., the second-largest insurer, operates as a holding company for six subsidiaries.
Do insurance companies have a database?
Insurance companies (the members) contribute underwriting information to MIB's database that might help all member insurers prevent fraud, assess risks and calculate insurance rates. Essentially, MIB's database is an information exchange among insurance companies.