Top insurance carriers in Canada revealed – the five-star list

Carriers are the foundation of the insurance market. However, 44% of brokers canvassed as part of Insurance Business Canada’s (IBC) 2022 5-Star Carrier awards find the current market “difficult.”

IBC’s survey also found that 47% of the respondents felt claims processing had worsened, while 55% said service levels had worsened. This year’s 5-star winners were those carriers combatting these difficult times to excel and continually meet the industry’s high standards.

IBC found the best carriers in Canada for 2022 by asking brokers to name the top carriers in the industry by rating how well they performed in 10 categories. Brokers evaluated carriers on a scale of 1 (poor) to 5 (excellent) in all areas. Carriers that received an average score of 4.00 or higher were named the 5-Star Carrier for that category.

Some of this year’s winners were:

Learn more about the winners by clicking the links above, or see the rest of this year’s five-star performers by reading the IBC 5-Star Carriers 2022 report.