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.

About This Analysis

Purpose

This interactive report is designed to provide a high-level, data-driven overview of the Canadian Property & Casualty insurance market. The goal is to offer clear, actionable intelligence for industry professionals, stakeholders, and observers by consolidating publicly available data into a cohesive and easy-to-understand format.

Methodology & Data Sources

The analysis presented here is compiled and synthesized from a variety of public sources, including:

  • Quarterly and annual financial reports (MD&A, Financial Supplements, Press Releases) from the publicly traded insurance companies featured.
  • Authoritative industry publications and data aggregators such as AM Best, Canadian Underwriter, and S&P Global Market Intelligence.
  • Investor day presentations and conference call transcripts.
The data for the "Market Overview" and "Data Explorer" sections is based on the most recent full-year data available (2023) to ensure a consistent baseline for comparison. All premium figures are illustrative and have been rounded for clarity. This report is intended for informational purposes and does not constitute financial advice.