Top 5 Life Insurance Companies In Canada

Top 5 Best Life Insurance Companies In Canada

Top 5 Life Insurance Companies In Canada

Top 5 Life Insurance Companies In Canada: Today we discuss best life insurance companies in Canada, USA. life insurance is used to help individuals manage risk. here are the best life insurance companies in Canada.
The company’s "insurance" subsidiaries include Great-West Life, London Life, and Canada Life Assurance Company. Auto insurance is the largest product line segment in the "Canadian insurance market". According to the J.D. Power Canadian Auto Insurance Satisfaction Study, The Co-operators and The Personal ranked highest in their respective regions.

Rank	Company	Total assets (C$b, December 31, 2016)
1	Manulife Financial	720.681
2	Power Financial	418.586
3	Sun Life Financial	258.238
4	Fairfax Financial	58.473
5	Industrial Alliance Insurance	57.050

1. Manulife Financial Corp

Manulife Financial is an insurance company and a provider of financial services headquartered in Toronto.The firm was established as The Manufacturers Life Insurance Company in 1887, selling its first out-of-country policy in Bermuda in 1893. In 2002, the China Insurance Regulatory Commission, or the CIRC, granted a branch of the company, Manulife-Sinochem Life Insurance Company, the opportunity to open a branch in Guangzhou.
It has a market cap of almost $40 billion as of July 2015. The company operates in Asia, as well as in the United States through its John Hancock branch. According to reports released by the company in November 2014, it employs nearly 30,000 workers and around 55,000 contracted agents.

2. Power Financial

Power Financial is a large management and holding company with substantial interests both directly and indirectly in companies invested in the financial services sector, including insurance companies.It operates in several segments, including IGM and LifeCo. IGM offers investment products and financial planning services. LifeCo is its primary insurance segment, providing clients with a vast array of investment and retirement products but primarily live insurance policies.It also focuses on providing specialty general insurance and reinsurance policies to businesses, individuals and public organizations in Canada, as well as Europe, Asia, and the U.S.

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3. Sun Life Financial, Inc.

Sun Life Financial has a market cap of over $21 billion as of 2015. Primarily a life insurance provider, it is one of the largest in the world in terms of assets, and one of the oldest, established in 1865. Sun Life Financial is based in Toronto. It also provides clients with investment opportunities and retirement security. The company offers these services to clients in Canada and around the world, including in the United Kingdom, Hong Kong, and the Philippines. As of 2010, the company was ranked number 236 on the Forbes Global 2000 list.

4. Fairfax Financial

Fairfax Financial is a Toronto-based holding company that manages life, casualty and property insurance and reinsurance. It also provides investment management services. It operates through a number of subsidiaries around the world. It has a market cap of just under $16 billion as of July 2015, with total assets of approximately $35 billion. Fairfax Financial has nearly 8,500 employees working for the company around the world, with more than half working within the U.S.

5. Industrial Alliance Insurance

Industrial Alliance Insurance has a market cap just under $5 billion. It offers insurance services and other services, including wealth management, to its clients. As of 2015, the company has been focusing its efforts on building its service base in the U.S. to take advantage of perceived existing growth opportunities. It began this effort in 2010 after its purchase of a major Texas insurance company. The company’s primary business is providing life and health insurance to business and individuals.