Insurance Companies in Canada
Canada, North America – World Insurance Companies Logos. The graphic mark of a company is synonymous with its brand. In insurance, a logo is instantly recognizable and allows that the customer associates the company with the useful qualities such as trust, the fair price; and many other vital issues with the task of finding the best insurance.
Click the logos of the Insurance Companies for getting a bunch of updated information offering each insurer. We want to help you to find the best Insurance
List of Logos with Names of Insurance Companies in Canada
List of Logos and names of Canadian Insurance Companies. By clicking the logo of Insurance Company you have instant access to updated information on insurance issues that can help you in the task of choosing the best insurance, and also, get phone numbers, addresses, and prices, that Underwriters offer on the Internet.
Canada | Find out the best Insurance
Find out the best Insurance Companies in Canada
1- Find the right coverage
First, it’s important to gather information about the right coverage, and obtain insurance quotes from, a variety of insurers as part of your overall selection process. In order to do that, begin by determining the type of coverage you need in order to make a right comparison across multiple companies.
Now it’s time to research the types of Underwriters from which to obtain that coverage.
2- Check License Status
Insurers must be licensed by the country in which they sell insurance. For added peace of mind, be sure you’re buying coverage from a licensed provider in your area by checking with the department of insurers of your Country, either online or by phone.
3- Check financial stability
Finding out the financial stability of an insurer. One can research a provider’s insurance, financial strength rating, in the websites of companies such as A.M. Best, Standard & Poor’s, Moody’s or Fitch. While most of the major insurers are safe bets, this is especially helpful when considering smaller, lesser-known providers.
4- Customer service and claims support
Check consumer complaint ratios. Many departments of insurance websites publish consumer complaint ratios for the insurance providers. A consumer complaint ratio tells you how many complaints an insurer received for every 1,000 claims its policyholders filed. It’s also a good idea to check a company’s complaint ratio in several other countries for a company might have great ratings in one, but not-so-great ratings in another. For added protection, look for companies with low consumer complaint ratios in a variety of countries.
Locate the insurer you trust
Find the logos and names of insurance providers in countries close to Canada on the North America, America page.
Canadian Insurance Company, Property and Casualty
■ The property and casualty (P&C) insurance industry in Canada provides coverage for all risks, other than life. In 2001, this sector generated over $21 billion in net premiums. Auto insurance remains Canada’s largest property and casualty insurance category.
■ P&C insurers and their related industries (including independent brokers, adjusters, and actuaries), employ approximately 100,000 people in Canada.
■ With assets of $66 billion, the P&C insurance industry is an important contributor to the Canadian economy.
■ The industry has a wide variety of participants, ranging beyond direct insurers to include reinsurance, government participation in personal auto insurance, and self-insurance arrangements such as reciprocal insurance exchanges, and “captive” insurers.
■ The private P&C insurance industry in Canada realized a profit of $600 million in 2001, down 50 percent from 2000.
■ Canada’s P&C insurance industry comprises about 230 insurers actively competing, with the largest of these having an estimated market share of 9.5 percent. As such, this is not a highly concentrated industry.
■ Foreign participants have a strong position in Canada’s P&C market, accounting for 64 percent of net premiums earned.
■ The Property and Casualty Insurance Compensation Corporation is an industry-financed policyholder protection scheme designed to provide a reasonable level of recovery for claims of policyholders under most policies issued by P&C insurers should a P&C insurer become insolvent.
■ The federal and provincial governments share jurisdiction over insurance regulation. Although P&C insurers can be incorporated under either level of government, the federal government is responsible for the prudential supervision of three-quarters of the companies, which account for more than 80 percent of total business. Provincial governments are responsible for the market conduct regulation of all P&C insurers.
From Canada’s Financial Services Sector
Canada Insurance Companies – World Insurance Companies Logos