Top 10 Insurance Provider Companies in Canada: Leading the Industry in 2024

Canada's insurance industry is a significant pillar of its economy, featuring a range of companies that offer diverse products to meet the needs of individuals and businesses. Here is a detailed look at the top 10 insurance provider companies in Canada based on total assets, gross written premiums, and market presence.


Top 10 Insurance Provider Companies in Canada Leading the Industry in 2024



  1. Manulife Financial Corporation

    • Total Assets: $917.6 billion
    • Gross Written Premiums: $44.3 billion
    • Headquarters: Toronto, Ontario
    • Overview: Manulife provides a broad spectrum of financial products including life insurance, health insurance, and wealth management services. It operates globally under the John Hancock brand in the United States​ (Insurance Business)​​ (ADV Ratings)​.
  2. Great-West Lifeco Inc.

    • Total Assets: $630.5 billion
    • Gross Written Premiums: $57.4 billion
    • Headquarters: Winnipeg, Manitoba
    • Overview: A subsidiary of Power Financial Corporation, Great-West Lifeco offers life and health insurance, retirement and investment services, and reinsurance solutions. It serves over 33 million clients worldwide​ (Insurance Business)​​ (ADV Ratings)​.
  3. Desjardins Group

    • Total Assets: $407.1 billion
    • Gross Written Premiums: $12.2 billion
    • Headquarters: Lévis, Quebec
    • Overview: Desjardins is the largest cooperative financial group in North America, offering a range of insurance products alongside banking services. It has a strong regional presence in Quebec and Ontario​ (Insurance Business)​​ (ADV Ratings)​.
  4. Sun Life Financial Inc.

    • Total Assets: $345.4 billion
    • Gross Written Premiums: $29.1 billion
    • Headquarters: Toronto, Ontario
    • Overview: Sun Life is one of the largest life insurers globally, offering life, health, disability, and critical illness insurance, as well as retirement and investment solutions​ (Insurance Business)​​ (KBD Insurance)​.
  5. Fairfax Financial Holdings Limited

    • Total Assets: $92.1 billion
    • Gross Written Premiums: $27.6 billion
    • Headquarters: Toronto, Ontario
    • Overview: Fairfax operates through several subsidiaries, providing property and casualty insurance, reinsurance, and investment management services worldwide​ (Insurance Business)​​ (KBD Insurance)​.
  6. iA Financial Group (Industrial Alliance)

    • Total Assets: $87.4 billion
    • Gross Written Premiums: $14.3 billion
    • Headquarters: Quebec City, Quebec
    • Overview: iA Financial offers a variety of insurance products including life, auto, home, travel, and critical illness insurance, along with wealth management services​ (Insurance Business)​​ (ADV Ratings)​.
  7. Intact Financial Corporation

    • Total Assets: $65 billion
    • Gross Written Premiums: $22.6 billion
    • Headquarters: Toronto, Ontario
    • Overview: Intact is the largest provider of property and casualty (P&C) insurance in Canada, covering personal, business, and specialty insurance needs​ (Insurance Business)​​ (KBD Insurance)​.
  8. The Co-operators Group Limited

    • Total Assets: $18.9 billion
    • Gross Written Premiums: $4.3 billion
    • Headquarters: Guelph, Ontario
    • Overview: The Co-operators is a leading Canadian insurance and financial services co-operative offering comprehensive coverage including auto, home, life, and commercial insurance​ (ADV Ratings)​​ (KBD Insurance)​.
  9. Aviva Canada Inc.

    • Total Assets: $17 billion
    • Gross Written Premiums: $5.4 billion
    • Headquarters: Markham, Ontario
    • Overview: A subsidiary of UK-based Aviva plc, Aviva Canada provides a wide range of P&C insurance products and services to individuals and businesses​ (ADV Ratings)​​ (KBD Insurance)​.
  10. TD Insurance

    • Total Assets: $14.5 billion
    • Gross Written Premiums: $4.8 billion
    • Headquarters: Toronto, Ontario
    • Overview: Part of TD Bank Group, TD Insurance offers a variety of insurance products including home, auto, life, and health insurance​ (KBD Insurance)​​ (ADV Ratings)​.

These companies are pivotal in providing insurance solutions that cater to the diverse needs of Canadians, ensuring financial security and peace of mind across the nation.