Two mutuals merge to create a bigger player, particularly in the Ontario market.

The big three insurers in the Canadian market accounted for 74.2% of total insurance revenues in Canada in 2023.

The six largest P&C insurers together held 53.8% of the market share.

Data on the companies with the highest net income was provided by MSA Research.

One year later, with the majority of claims resolved, the industry calls for adaptation.

Premium volume sees a 7.4% year-on-year increase nationwide.

The buyer says deal makes the firm a one-stop shop for actuarial services.