Clarity in a Complex Market

Your data-driven guide to the Canadian Property & Casualty insurance market. We provide clear analysis of market share, industry trends, and the key players shaping the future of insurance.

Explore the Data

Explore Market Share by Product and Province

Select a line of business and a province to see the top insurance groups by market share in 2023.

Canadian Market Overview (2023)

The following tables provide a high-level summary of the Canadian P&C market based on the latest available data for the 2023 financial year. The rankings are compiled from authoritative industry sources, including AM Best, to provide a comprehensive view of the top insurance groups by direct premiums written. Note: Some sources may exclude certain insurers (e.g., Lloyd's, some direct writers) from their standard rankings.

Company Groups Explained

Market share is often consolidated under parent groups. This table shows which individual companies are included in the major groups for our analysis.

Competitive Intelligence Report:
Intact Financial Corporation

An exhaustive analysis of strategy, performance, and vulnerabilities from 2019 to 2025, revealing key opportunities for competitors.

Competitive Intelligence Report:
Definity Financial Corporation

An in-depth analysis of Definity's strategy, performance, and market position following its historic demutualization.

Background & Methodology

Purpose

This interactive report is designed to provide a clear, data-driven overview of the Canadian Property & Casualty (P&C) insurance landscape. The goal is to offer strategic insights for industry professionals, analysts, and stakeholders by consolidating public data into an accessible and analytical format.

Methodology

The analysis presented on this page is compiled from a variety of publicly available sources, including:

  • Quarterly and annual financial reports (Management's Discussion & Analysis, Financial Supplements) published by publicly traded insurance companies.
  • Investor day presentations and conference call transcripts.
  • Authoritative industry reports and statistical guides from organizations such as AM Best and the Insurance Bureau of Canada (IBC).
  • Reputable financial news outlets and industry publications.

The market share rankings are based on 2023 year-end direct premiums written (DPW), compiled from these sources to create the most comprehensive picture possible. The deep-dive analyses for individual companies synthesize strategic commentary and financial data directly from their public disclosures.

Data Disclaimer

While the top-line national market share data is based on verified industry reports, some detailed provincial and product-line premium figures are illustrative. They have been carefully constructed to be realistic and to ensure full functionality of the "Data Explorer" tool across all categories, but they are not official, audited figures for every specific data point. All financial data in the deep-dive reports is sourced directly from the respective company's public filings. This entire site is for informational and analytical purposes only and does not constitute financial advice.