![]() ![]() The size of an insurance company reflects its assets under management (AUM) based on life and wealth segments of the company’s business. The size of an insurance company reflects its assets under management (AUM) based on life and wealth segments of the company’s business.Īs we analyzed life and health insurance companies in Canada, we identified five groups of insurers. So, while you might need to use safeco insurance reviews to see if Safeco operates in your area, you won’t have this issue with life insurance.Īs we analyzed life and health insurance companies in Canada, we identified five groups of insurers. ![]() The majority of life insurance companies operate nationwide because there are no significant provincial regulations similar to those in car insurance industry. The majority of the market is owned by three life insurance giants: Manulife Financial (who also owns, among others, John Hancock in the U.S.A), Sun Life Financial, and Great-West Life.Ģ. ![]() Here you can download this infographic as a PDFġ. (scroll further down to continue reading) From a consumer perspective, there are nearly 50 life and health insurance providers, but the reality is a bit different… The variety of life insurance companies in Canada is not what it appears to be in the Canadian market.
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