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Market share of leading P/C insurers in Canada 2019, by direct premiums written

The Canadian insurer Intact Group emerged as the leading Canadian private property and casualty insurer in 2019, with 15.08 percent of the market share. Desjardins Group and Aviva Group also had large market shares in that year, 8.5 percent and 8.35 percent respectively. In that year, 65.3 billion U.S. dollars’ worth of direct premiums were written by private insurers in Canada.

Who are Intact Group?

Intact Group is headquartered in Toronto, Canada and was founded in 1809. In 2017, Intact was the eighth largest Canadian insurance company by total assets. Intact Insurance, belairdirect, Broker Link and OneBeacon Insurance Group all belong to Intact Group.

Upward trend of P/C premiums

The volume of property and casualty insurance premiums written has steadily risen since 1990. The value of direct premiums written by Intact Financial is also rising annually. This upward trend suggests that Intact will hold on to their market leader position in the near future, unless its competitors increase their premium volume dramatically.

Market share of the leading private property and casualty insurance companies in Canada in 2019, by direct premiums written

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Sources

Release date

June 2020

Region

Canada

Survey time period

2019

Supplementary notes

Figures have been rounded.

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Statistics on "Insurance industry in Canada"

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