Global connections to the insurance industry.

Toronto is home to one of the strongest and most globally oriented insurance industries in the world. It is continuously developing innovative products to reflect and anticipate the changing consumer needs and expectations.

Life And Health Insurance

Of the 95 companies in Canada’s life and health insurance industry, more than half have their head offices in the Toronto region. Three of these firms – Manulife Financial, Sun Life Financial and Great West Lifeco – rank among the top 20 in the world, based on market capitalization. The size of the industry makes it a major employer for the Toronto region.

Canadian life and health insurance companies operate in more than 20 countries, holding approximately $656 billion or half of their assets abroad. Insurers based in the Toronto region account for about 85 per cent of the Canadian industry’s total exports of annuities and life and health insurance.

Property and Casualty

The property and casualty insurance sector in Canada is highly competitive, with 214 firms active coast to coast, including many of the largest insurers in the world. More than a third of these firms have their head offices in Toronto.


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