Top 10 Property and Casualty Insurance Services Providers in Canada - 2024

Property and casualty insurance services are set for a transformative future, using advanced technologies to enhance risk management. These advancements improve customer experiences and provide personalized, efficient solutions in response to a dynamic environment. Advanced analytics tools, predictive modeling, AI, and ML algorithms are transforming underwriting processes, driving efficiency and enhancing customer experience while enabling better risk management.

The property and casualty insurance market is estimated at USD 3,674.46 billion in 2023 and is expected to grow at a compound annual growth rate of 7.9 percent from 2024 to 2030. This growth is supported by ongoing technological advancements, increasing awareness of insurance benefits, and expanding economic activities globally.

This edition of Insurance Business Review Canada highlights the most influential developments in property and casualty insurance service, designed to help organizations navigate the evolving global market, stay competitive, improve efficiency and better manage risks.

It features thought leadership articles from Matthew T. Studley, executive vice president, complex risk unit at HUB International, who sheds light on insurance as a career, a purpose-driven professional service that offers stability and unlimited income in every market sector, all leading to success. It also features an article from Bogdan Laza, vice president and property & casualty broker at Brown & Brown, who discusses the importance of directors' and officers' insurance and the invaluable benefits it offers in safeguarding executives and their organizations against leadership challenges.

We hope this edition, featuring top property and casualty insurance services providers in Canada, helps you find the ideal partner to navigate the evolving insurance landscape and safeguard your business ventures, property, and assets.

Property and Casualty Insurance Canada | Insurance Business Review

Property and Casualty Insurance Canada - 2024

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Sovereign Insurance

Sovereign Insurance distinguishes itself as a strategic partner beyond just a commercial insurer, specializing in comprehensive risk solutions and expert guidance to strengthen Canadian businesses and their communities. Having over 70 years of industry expertise, Sovereign adeptly navigates partners through changing risks amidst economic, social and political shifts, ensuring a seamless experience from coverage initiation to claim resolution.

Our expert underwriters and broker partners closely collaborate to establish enduring relationships. We are not a company that interacts with its brokers and clients through call centers or email queues. We’re your partner in resilience

Dave McKeen, Vice President of Commercial Solutions, Underwriting and Risk Engineering
Sovereign Insurance

Sovereign Insurance distinguishes itself as a strategic partner beyond just a commercial insurer, specializing in comprehensive risk solutions and expert guidance to strengthen Canadian businesses and their communities. Having over 70 years of industry expertise, Sovereign adeptly navigates partners through changing risks amidst economic, social and political shifts, ensuring a seamless experience from coverage initiation to claim resolution.
Our expert underwriters and broker partners closely collaborate to establish enduring relationships. We are not a company that interacts with its brokers and clients through call centers or email queues. We’re your partner in resilience

Dave McKeen, Vice President of Commercial Solutions, Underwriting and Risk Engineering,.
Allstate Insurance

Allstate Insurance Canada offers a variety of insurance products, including auto and property insurance. Customers can manage their policies through the myAllstate platform, where they can review coverage, make payments, and report claims.
Allstate Insurance

Allstate Insurance Canada offers a variety of insurance products, including auto and property insurance. Customers can manage their policies through the myAllstate platform, where they can review coverage, make payments, and report claims.
Fairfax Financial Holdings

Fairfax Financial Holdings, a holding company, focuses on property and casualty insurance, reinsurance, and investment management through its subsidiaries. Known for fair acquisitions, Fairfax has grown into a leading global insurance group, increasing book value per share by 18.4 percent annually since 1985.
Fairfax Financial Holdings

Fairfax Financial Holdings, a holding company, focuses on property and casualty insurance, reinsurance, and investment management through its subsidiaries. Known for fair acquisitions, Fairfax has grown into a leading global insurance group, increasing book value per share by 18.4 percent annually since 1985.
Intact Financial Corporation

Intact Financial Corporation, Canada’s largest Property and Casualty, outperforms the industry through disciplined underwriting, scale, and inhouse claims expertise. With a strong history of capital generation, earnings growth, successful acquisitions, and annual dividend increases, they set the standard for excellence in the industry.
Intact Financial Corporation

Intact Financial Corporation, Canada’s largest Property and Casualty, outperforms the industry through disciplined underwriting, scale, and inhouse claims expertise. With a strong history of capital generation, earnings growth, successful acquisitions, and annual dividend increases, they set the standard for excellence in the industry.
JSP Insurance

JSP Insurance a full-service brokerage with over 25 years of industry experience, provides a wide range of property, casualty, and travel insurance. The firm offers high-quality products from reputable insurers, delivering friendly, courteous service with a team of truly dedicated professionals.
JSP Insurance

JSP Insurance a full-service brokerage with over 25 years of industry experience, provides a wide range of property, casualty, and travel insurance. The firm offers high-quality products from reputable insurers, delivering friendly, courteous service with a team of truly dedicated professionals.
Liberty Mutual Insurance

Liberty Mutual Insurance Company offers a comprehensive range of commercial insurance solutions to mid-size and large Canadian companies with local, North American, and multinational risks. The firm provides protection with care, helping clients embrace today and confidently pursue tomorrow.
Liberty Mutual Insurance

Liberty Mutual Insurance Company offers a comprehensive range of commercial insurance solutions to mid-size and large Canadian companies with local, North American, and multinational risks. The firm provides protection with care, helping clients embrace today and confidently pursue tomorrow.
Optimum General

Optimum General, a leading property and casualty insurance company in Canada, is dedicated to independent brokers. They provide specialized solutions for brokers and policyholders, offering personalized service and tailor-made products to meet the evolving needs of individuals and businesses, with a commitment to long-term relationships
Optimum General

Optimum General, a leading property and casualty insurance company in Canada, is dedicated to independent brokers. They provide specialized solutions for brokers and policyholders, offering personalized service and tailor-made products to meet the evolving needs of individuals and businesses, with a commitment to long-term relationships
Salus Mutual

Howard Mutual Insurance Company and West Elgin Mutual Insurance Company have merged to form Salus Mutual Insurance Company. As a local entity, Salus Mutual offers personalized insurance products for homes, automobiles, businesses, and farms. Their team delivers professional advice and services, always prioritizing customers' interests in every aspect.
Salus Mutual

Howard Mutual Insurance Company and West Elgin Mutual Insurance Company have merged to form Salus Mutual Insurance Company. As a local entity, Salus Mutual offers personalized insurance products for homes, automobiles, businesses, and farms. Their team delivers professional advice and services, always prioritizing customers' interests in every aspect.
XN Worldwide Insurance

XN Worldwide Insurance offers tailored coverage programs for property managers, drawing on 20 years of experience in assessing and underwriting property risk. Their specialists assist in identifying portfolio risks, designing the most suitable insurance program covering various dwellings, including vacant or rented properties, condos, and vacation rentals, for both property and liability
XN Worldwide Insurance

XN Worldwide Insurance offers tailored coverage programs for property managers, drawing on 20 years of experience in assessing and underwriting property risk. Their specialists assist in identifying portfolio risks, designing the most suitable insurance program covering various dwellings, including vacant or rented properties, condos, and vacation rentals, for both property and liability
Zuber & Company

Zuber & Company is committed to delivering efficient, high-quality legal services. They view client relationships as partnerships, prioritizing their objectives. Serving a diverse clientele, including leading insurance companies, their strong relationships are built on responsiveness and a tailored approach to meeting clients needs.
Zuber & Company

Zuber & Company is committed to delivering efficient, high-quality legal services. They view client relationships as partnerships, prioritizing their objectives. Serving a diverse clientele, including leading insurance companies, their strong relationships are built on responsiveness and a tailored approach to meeting clients needs.