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Superintendentof Insurance2020 AnnualReportReport of Business TransactedSuperintendent of InsuranceAlberta Treasury Board and FinanceRoom 402, 9515 – 107 Street, NWEdmonton, Alberta T5K 2C3Classification: PublicPhone: 780.643.2237Fax: 780.420.0752Email: tbf.insurance@gov.ab.caInsurance Alberta.ca
ContentsOverview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1Insurance companies operating in Alberta . 1Provincial insurer financial results . 2Ensuring compliance . 2Market conduct activities . 2Certified examiner selection . 3Abstract of returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4Financial performance of insurance companies . 4Comparison of total direct premiums written and total claims by class of insurance. 5Accident and Sickness insurance in the province of Alberta for 2020 . 6Aircraft insurance in the province of Alberta for 2020 . 8Automobile insurance in the province of Alberta for 2020 . 9Boiler and machinery insurance in the province of Alberta for 2020. 12Credit insurance in the province of Alberta for 2020. 13Credit protection insurance in the province of Alberta for 2020 . 14Equipment warranty insurance in the province of Alberta for 2020 . 14Fidelity insurance in the province of Alberta for 2020 . 15Hail insurance in the province of Alberta for 2020 . 16Home warranty insurance in the province of Alberta for 2020 . 16Legal expense insurance in the province of Alberta for 2020 . 17Liability insurance in the province of Alberta for 2020 . 18Life insurance – direct claims, annuities, dividends in the province of Alberta for 2020 . 21Life insurance – direct premiums written in the province of Alberta for 2020 . 23Marine insurance in the province of Alberta for 2020 . 25Mortgage insurance in the province of Alberta for 2020 . 26Product Warranty insurance in the province of Alberta for 2020 . 26Property insurance in the province of Alberta for 2020 . 27Surety insurance in the province of Alberta for 2020 . 31Title insurance in the province of Alberta for 2020 . 32Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Superintendent of Insurance 2020 Annual reportClassification: Public33
OverviewThis Report shows Alberta’s insurance business transactions for the year ending December 31, 2020.During 2020, the following insurance business transactions were completed in Alberta:(inThousands)Premiums WrittenLife1General 7,391,765 12,869,993Total Premiums Written 20,261,758Claims and DisbursementsLife2General 4,597,560 9,091,605Total Claims and Disbursements 13,689,165The Superintendent recovers all costs of regulation from industry on an annual basis. Based on 2020 written premiums, 1,935,764 was collected through the Recovery of Administration Costs Regulation.INSURANCE COMPANIES OPERATING IN ALBERTAAs of December 31, 2020, 231 insurance entities were licensed to operate in the province.Business TypeProperty and CasualtyInsurance CompaniesLife Insurance CompaniesFraternal SocietiesReciprocal Insurance 33Federal31204390172Total14656920231The Superintendent maintains a list of Insurance Companies, Reciprocal Insurance exchanges and Fraternal Societies licensed tooperate in Alberta. The list includes insurance classes, attorney for service (person delegated to accept service of legal papers),and contact information for the Complaint Liaison officer/ombudsperson.The Superintendent also maintains a list of entities that have withdrawn, amalgamated or changed their names, and includes thename of the entity and the historical information on why they no longer operate in Alberta.1 Life premiums include annuities and accident and sickness.2 Life claims and disbursements include annuities and accident and sickness.3 Includes branch operations of foreign insurers.Superintendent of Insurance 2020 Annual reportClassification: Public1
PROVINCIAL INSURER FINANCIAL RESULTSThe Superintendent publishes select financial data of Alberta-incorporated insurance companies. The data is published asprovided by the insurers in their quarterly reporting to the Superintendent.ENSURING COMPLIANCEPursuant to section 792.1 of the Insurance Act (Act), the Superintendent issues guidelines and interpretation bulletins to clarifyexpectations with respect to interpretation and application of the Act and its regulations. In 2020, the Superintendent issued fourinterpretation bulletins: Additional Automobile Insurance Reform Measures Automobile Insurance Reform Measures Best Terms Pricing Minor Injury Regulation - Annual Increase in Amount for Non-Pecuniary DamagesIn addition, the Superintendent issued one notice: Revoking Previous Notices on Rating Territories and Usage Based Insurance for Private Passenger VehiclesAdditional information is available online at Superintendent of Insurance Bulletins and Notices.MARKET CONDUCT ACTIVITIESAs part of a risk-based approach to the supervision of the insurance industry in Alberta, the Superintendent investigates consumercomplaints, allegations of misconduct on the part of insurers, unfair acts or practices taken against consumers, and occurrencesof non-compliance with the Act and its regulations.Upon completion of an investigation, the Superintendent may take regulatory action. Regulatory action includes but is not limitedto the assessment of administrative penalties. In 2020, the Superintendent assessed five administrative penalties totaling 245,000. Enforcement actions taken by the Superintendent are posted online.Superintendent of Insurance 2020 Annual reportClassification: Public2
CERTIFIED EXAMINER SELECTIONIn the event of a disagreement between a claimant and an insurance company as to whether or not an injury arising froma motor vehicle accident is a minor injury, or if a minor injury has caused a serious impairment, the Certified Examiner(CE) process is mandated under the minor Injury Regulation to resolve the dispute. Under this process, either party mayapply to the Superintendent of Insurance to appoint a physician from the CE Register to assess the patient anddetermine if the injury is minor or not.The appointment of CEs began in 2005. See the chart for the number of CE applications processed using the Certified Examinerprocess. More information on the Certified Examiner process, the Certified Examiner Register, or application forms for theappointment of a CE is available at the Superintendent’s website.Superintendent of Insurance 2020 Annual reportClassification: Public3
Abstract of returnsDISCLAIMER — the information presented in the following pages was extracted from the 2020 annual filings filed with Alberta’sSuperintendent of Insurance plus information filed with the office of the Superintendent of Financial Institutions for federal insurers.While reasonable efforts have been made to ensure the accuracy of this report, decisions regarding insurance purchases or ananalysis of insurer profitability should not be made solely on the information contained in this report.FINANCIAL PERFORMANCE OF INSURANCE COMPANIESThe Superintendent of Insurance monitors the following and other information to ensure that Alberta’s insurance industry ishealthy and well-positioned to help when Albertans suffer insured losses. The financial performance of insurance companies isdetermined primarily by two factors: underwriting performance and investment performance.UNDERWRITING PERFORMANCEAn insurer’s over-all underwriting performance is determined by adding the claims ratio1 and expense ratio2 and comparing it to100%. This is called the combined ratio. For example, the estimated combined ratio for Alberta’s property insurers for 2020 is26% (OSFI insurer’s P&C expense ratio—see footnote #2 below) 72% (loss ratio from table on page 5 below) 98%. For theautomobile insurance class, the estimated combined ratio is 103% for 2020. Any number greater than 100% represents anunderwriting loss.INVESTMENT PERFORMANCEInvestment performance refers to how much an insurer earns on its portfolio of invested assets, such as bonds and stocks. Inorder to maintain profitability, insurers seek to offset any underwriting losses with net investment income. For insurer-specificfinancial data, including underwriting income (loss) and investment income (loss), see Alberta insurers and Federal insurers. Forprovincial insurers registered in other provinces, please contact the insurance regulator for the insurer’s home province.1Claims Ratio for purposes of this report is the ratio of total direct claims and adjustment expense incurred to total direct premiumswritten in Alberta. This ratio represents claims-related expenses only, and does not include other expenses such as commissions,premium taxes and administrative costs.2Expense Ratio: the ratio of other expenses incurred to the total direct premiums written. The Superintendent does not collectAlberta-only insurer other expense data; however, based on the information filed with the Office of the Superintendent ofFinancial Institutions for federal insurers, the 2020 overall insurer expense ratio for federal Property and Casualty (P&C)insurance companies is 26% of direct written premium. This ratio includes commissions, premium taxes and administrativecosts but does not include claims and adjustment expense.Superintendent of Insurance 2020 Annual reportClassification: Public4
COMPARISON OF TOTAL DIRECT PREMIUMS WRITTEN AND TOTAL CLAIMS BY CLASS OF INSURANCE2020PremiumsWritten( 000)Total DirectClaims ( ,890171033-38113Credit Hail53,01249,53993915337130Home Warranty10,8127,645716933184Legal 1,75813,689,16468%62%62%60%93%ClassAccident andSicknessAircraftAutomobileBoiler andMachineryMarineMortgageProduct WarrantyPropertyTOTALSuperintendent of Insurance 2020 Annual reportClassification: msRatio(%)5
ACCIDENT AND SICKNESS INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Actra Fraternal Benefit SocietyPremiumsWritten( 000)364Aetna Life Insurance CompanyName of Licensed Insurance CompanyTotal DirectClaims ( 000)ClaimsRatio29681.32%282459162.77%AIG Insurance Company of Canada9,5701,18012.33%Alberta Motor Association Insurance Company1,22025721.07%Allianz Global Risks US Insurance Company1,55848531.13%98431231.71%American Bankers Insurance Company of Florida26,9282,89310.74%American Bankers Life Assurance Company of 771.42%47,66430,29163.55%BMO Life Assurance Company6,0971,13518.62%BMO Life Insurance assurance Insurance Company1708851.76%Chubb Insurance Company of Canada593579.61%34,3187,35421.43%CIBC Life Insurance Company Limited5,9604397.37%CIGNA Life Insurance Company of Canada1,54161740.04%Combined Insurance Company of America30,5528,20026.84%--30-Co-operators General Insurance Company14,3235,71539.9%Co-operators Life Insurance Company51,16229,80658.26%Cumis General Insurance Company14,1995,71440.24%9,9442,86028.76%Allstate Insurance Company of CanadaAmerican Income Life Insurance CompanyArch Insurance Canada Ltd.Assumption Mutual Life Insurance CompanyAviva Insurance Company of CanadaAWP Health & Life SAAXIS Reinsurance Company (Canadian Branch)Berkley Insurance CompanyBlue Cross Life Insurance Company of CanadaCanadian Premier General Insurance CompanyCanadian Premier Life Insurance CompanyChubb Life Insurance Company of CanadaContinental Casualty CompanyCumis Life Insurance Company6Classification: Public
ACCIDENT AND SICKNESS INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)Desjardins Financial Security Life Assurance Company168,997106,41162.97%Everest Insurance Company of Canada921111.96%FaithLife 22.66%Knights of Columbus1,03413813.35%La Capitale Civil Service Insurer Inc.15,55111,40673.35%La Capitale Financial Security Insurance Company11,4867,44364.8%Liberty Life Assurance Company of Boston-108-Life Insurance Company of North 78427.51%Old Republic Insurance Company of Canada1,8442,305125.0%Orion Travel Insurance 69345565.66%689,223448,18765.03%Fenchurch General Insurance CompanyFirst Canadian Insurance Corporation / La Corporationd'Assurance First CanadianForesters Life Insurance CompanyGMS Insurance Inc.Green Shield CanadaHumania Assurance Inc.Industrial Alliance Insurance and Financial Services Inc.Intact Insurance CompanyLloyd's UnderwritersLS-Travel, Insurance CompanyNational Bank Life Insurance CompanyPavonia Life Insurance Company of MichiganPBC Health Benefits SocietyPrimerica Life Insurance Company of CanadaRBC Insurance Company of CanadaRBC Life Insurance CompanyReliable Life Insurance CompanyRoyal & Sun Alliance Insurance Company of CanadaScotia Life Insurance CompanySSQ Life Insurance Company Inc.Starr Insurance & Reinsurance LimitedSun Life Assurance Company of Canada7Classification: Public
ACCIDENT AND SICKNESS INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)TD Life Insurance Company13,8923,97428.61%Temple Insurance Company89136641.08%832,335513,63261.71%The Empire Life Insurance Company40,58326,80566.05%The Equitable Life Insurance Company of Canada77,00351,93067.44%3449144.12%1111,100.0%The Manufacturers Life Insurance Company521,195339,67865.17%The Union Life Mutual Assurance Company83-0.0%19,6299,84550.16%Trans Global Life Insurance Company882353.97%Trisura Guarantee Insurance 26,7131,922,41359.58%PremiumsWritten( 000)3,331Total DirectClaims( 610173.47%1-0.0%21518083.72%1,55386155.44%Intact Insurance Company331630190.33%Liberty Mutual Insurance 4%National Liability & Fire Insurance Company1,91745223.58%Northbridge General Insurance Corporation2,36624710.44%The Canada Life Assurance CompanyThe Guarantee Company of North AmericaThe Independent Order of ForestersThe Wawanesa Life Insurance CompanyTriton Insurance CompanyZurich Insurance Company LtdTotals and Average Claim RatiosAIRCRAFT INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Name of Licensed Insurance CompanyAIG Insurance Company of CanadaAllianz Global Risks US Insurance CompanyAspen Insurance U.K. LimitedCanadian Applicators Insurance ReciprocalChubb Insurance Company of CanadaCo-operators General Insurance CompanyGreat American Insurance CompanyHDI Global Specialty SELloyd's UnderwritersMitsui Sumitomo Insurance Company, LimitedClaimsRatio166.38%8Classification: Public
AIRCRAFT INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)(CONT)OldRepublic Insurance Company of Canada171411240.35%--7-Starr Insurance & Reinsurance Limited3,1731,94061.14%Temple Insurance .85%56,33849,60188.04%PremiumsWritten( 000)13,779Total DirectClaims( 33.64%235,874154,99765.71%American Road Insurance Company2,3333,308141.79%Arch Insurance Canada .0%28,51539,154137.31%189,030194,676102.99%Chubb Insurance Company of Canada31,41013,49642.97%Continental Casualty 098177,12777.65%Royal & Sun Alliance Insurance Company of CanadaWestport Insurance CorporationXL Specialty Insurance CompanyTotals and Average Claim RatiosAUTOMOBILE INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Name of Licensed Insurance CompanyAIG Insurance Company of CanadaAlberta Motor Association Insurance CompanyAlberta Municipal Insurance ExchangeAllianz Global Risks US Insurance CompanyAllstate Insurance Company of CanadaAscentus Insurance Ltd.Aviva General Insurance CompanyAviva Insurance Company of CanadaBelair Insurance Company Inc.Canadian Farm Insurance Corp.Canadian Premier General Insurance CompanyCertas Direct Insurance CompanyCertas Home and Auto Insurance CompanyCo-operators General Insurance CompanyCoseco Insurance CompanyCumis General Insurance CompanyEchelon InsuranceEconomical Mutual Insurance CompanyClaimsRatio39.31%9Classification: Public
AUTOMOBILE INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)Electric Insurance ,7632,41087.23%Gore Mutual Insurance Company2150.0%Hartford Fire Insurance Company194-113-58.25%3,9222,18655.74%Intact Insurance Company854,492564,45166.06%Jevco Insurance Company-3397-Liberty Mutual Insurance Company13,6396,89650.56%Lloyd's 2.82%65832950.0%National Liability & Fire Insurance Company905358.89%Northbridge General Insurance Corporation153,69790,48358.87%Novex Insurance Company58,50953,06790.7%Old Republic Insurance Company of 4150.78%46,87434,09172.73%--2-Primmum Insurance Company208,745205,88098.63%Protective Insurance katchewan Mutual Insurance Company1-0.0%Scottish & York Insurance Co. Limited--302-Elite Insurance CompanyEsurance Insurance Company of CanadaEverest Insurance Company of CanadaFederal Insurance CompanyFederated Insurance Company of CanadaFortress Insurance CompanyGenesis Reciprocal Insurance ExchangeHDI Global Specialty SEMennonite Mutual Insurance Co. (Alberta) Ltd.Millennium Insurance Corporation / La Corporationd’Assurance MillenniumMitsui Sumitomo Insurance Company, LimitedOptimum West Insurance Company Inc.Peace Hills General Insurance CompanyPembridge Insurance CompanyPerth Insurance CompanyRoyal & Sun Alliance Insurance Company of CanadaS&Y Insurance Company10Classification: Public
AUTOMOBILE INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)Security National Insurance 03,671112.26%-1-0.0%--7-132,835114,19885.97%The Portage La Prairie Mutual Insurance Company27,27412,15844.58%The Sovereign General Insurance Company24,45715,22662.26%The Wawanesa Mutual Insurance Company771,254707,03191.67%91938742.11%Traders General Insurance Company73,16850,27868.72%Travelers Insurance Company of 366-40.18%1,16034830.0%Zenith Insurance Company17,91114,31979.95%Zurich Insurance Company Ltd23,6537,63132.26%5,813,1484,489,03877.22%Sentry Insurance A Mutual CompanySGI CANADA Insurance Services Ltd.Sompo Japan Insurance Inc.Sonnet Insurance CompanySt. Paul Fire and Marine Insurance CompanyStarr Insurance & Reinsurance LimitedTD Home and Auto Insurance CompanyThe Dominion of Canada General Insurance CompanyThe Guarantee Company of North AmericaThe Missisquoi Insurance CompanyThe Nordic Insurance Company of CanadaThe Personal Insurance CompanyTokio Marine & Nichido Fire Insurance Co., Ltd.Unifund Assurance CompanyVerassure Insurance CompanyWaterloo Insurance CompanyXL Specialty Insurance CompanyTotals and Average Claim Ratios11Classification: Public
BOILER AND MACHINERY INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020PremiumsWritten( 000)591Total DirectClaims( 2.64%-1-Berkley Insurance Company18-28-155.56%Canadian Northern Shield Insurance l Mutual Insurance Company1,043-9-0.86%Everest Insurance Company of Canada29136468.97%15,7864,19726.59%--7-Federated Insurance Company of Canada728-168-23.08%Gore Mutual Insurance onal Liability & Fire Insurance Company1,6161579.72%Northbridge General Insurance Corporation2,0981939.2%Novex Insurance Company1218.33%Optimum West Insurance Company Inc.78-0.0%14,2763,80026.62%Name of Licensed Insurance CompanyAffiliated FM Insurance CompanyAIG Insurance Company of CanadaAllianz Global Risks US Insurance CompanyAviva Insurance Company of CanadaAXIS Reinsurance Company (Canadian Branch)Certas Home and Auto Insurance CompanyChubb Insurance Company of CanadaContinental Casualty CompanyCo-operators General Insurance CompanyCumis General Insurance CompanyEcclesiastical Insurance Office Public Limited CompanyEchelon InsuranceFactory Mutual Insurance CompanyFederal Insurance CompanyGreat American Insurance CompanyHartford Fire Insurance CompanyIntact Insurance CompanyLiberty Mutual Insurance CompanyLloyd's UnderwritersMillennium Insurance Corporation / La Corporationd’Assurance MillenniumMitsui Sumitomo Insurance Company, LimitedRoyal & Sun Alliance Insurance Company of CanadaClaimsRatio-7.78%12Classification: Public
BOILER AND MACHINERY INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)Saskatchewan Mutual Insurance Company366349.29%1,16617715.18%127-3-2.36%Temple Insurance Company1,1482,265197.3%The Boiler Inspection and Insurance Company of he Sovereign General Insurance Company1,1981,11392.9%The Wawanesa Mutual Insurance Company1,72924614.23%29610234.46%Trisura Guarantee Insurance Company16318.75%United States Liability Insurance Company672029.85%Wynward Insurance Group1,091474.31%Zurich Insurance Company ( 000)1,274Total DirectClaims( 000)-58960-79-131.67%Atradius Credito y Caucion, S.A. de Seguros y Reaseguros3,2981,65950.3%Compagnie Francaise d'Assurance pour le CommerceExterieurEuler Hermes North America Insurance Company1,05248646.2%2,93097333.21%Intact Insurance Company64621232.82%Lloyd's Underwriters621162.58%The Guarantee Company of North America64621232.82%6,230-0.0%16,7572,89017.25%SGI CANADA Insurance Services Ltd.St. Paul Fire and Marine Insurance CompanyThe Dominion of Canada General Insurance CompanyThe Guarantee Company of North AmericaThe Mutual Fire Insurance Company of British ColumbiaTravelers Insurance Company of CanadaTotals and Average Claim RatiosCREDIT INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Name of Licensed Insurance CompanyAIG Insurance Company of CanadaAllied World Specialty Insurance CompanyXL Specialty Insurance CompanyTotals and Average Claim RatiosClaimsRatio-46.23%13Classification: Public
CREDIT PROTECTION INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020PremiumsWritten( 000)34,590Total DirectClaims( 000)17,036Arch Insurance Canada Ltd.190210110.53%Canadian Premier General Insurance .82%39,45417,82845.19%Name of Licensed Insurance CompanyAmerican Bankers Insurance Company of FloridaMillennium Insurance Corporation / La Corporationd’Assurance MillenniumTrans Global Insurance CompanyTrisura Guarantee Insurance CompanyTotals and Average Claim RatiosClaimsRatio49.25%EQUIPMENT WARRANTY INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Name of Licensed Insurance CompanyFenchurch General Insurance CompanyFirst North American Insurance CompanyIndustrial Alliance Pacific General Insurance CorporationLloyd's UnderwritersMillennium Insurance Corporation / La Corporationd’Assurance MillenniumMotors Insurance CorporationTrisura Guarantee Insurance CompanyVirginia Surety Company, Inc.Totals and Average Claim RatiosPremiumsWritten( 000)7,355Total DirectClaims( 7517,62725.89%ClaimsRatio26.5%14Classification: Public
FIDELITY INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020PremiumsWritten( 000)1,136Total DirectClaims( 000)990Arch Insurance Canada Ltd.121253209.09%Aviva Insurance Company of 1,009-47.02%88161182.95%Co-operators General Insurance Company1,90895650.1%Cumis General Insurance 314604.57%Mitsui Sumitomo Insurance Company, Limited32-2-6.25%National Liability & Fire Insurance Company88169192.05%Northbridge General Insurance 222.22%St. Paul Fire and Marine Insurance Company1658362.5%The Dominion of Canada General Insurance Company10550.0%The Guarantee Company of North America7491,250166.89%The Sovereign General Insurance Company243-0.0%--22-1,94489345.94%Name of Licensed Insurance CompanyAIG Insurance Company of CanadaAXIS Reinsurance Company (Canadian Branch)Berkley Insurance CompanyCanadian Northern Shield Insurance CompanyCertas Home and Auto Insurance CompanyChubb Insurance Company of CanadaContinental Casualty CompanyEconomical Mutual Insurance CompanyFederated Insurance Company of CanadaGreat American Insurance CompanyHartford Fire Insurance CompanyHDI Global Specialty SEIntact Insurance CompanyLiberty Mutual Insurance CompanyLloyd's UnderwritersOptimum West Insurance Company Inc.Royal & Sun Alliance Insurance Company of CanadaSaskatchewan Mutual Insurance CompanySGI CANADA Insurance Services Ltd.Tokio Marine & Nichido Fire Insurance Co., Ltd.Travelers Insurance Company of CanadaClaimsRatio87.15%15Classification: Public
FIDELITY INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020 (CONT)Trisura Guarantee Insurance 868,55451.26%PremiumsWritten( 000)3,593Total DirectClaims( 000)1,33722,51323,491104.34%Chubb Insurance Company of Canada2,3511,15449.09%Northbridge General Insurance Corporation1,8242,981163.43%Palliser Insurance Company Limited22,73120,57690.52%Totals and Average Claim Ratios53,01249,53993.45%United States Liability Insurance CompanyWestern Surety CompanyZurich Insurance Company LtdTotals and Average Claim RatiosHAIL INSURANCE IN THE PROVINCE OF ALBERTA FOR 2020Name of Licensed Insurance CompanyAdditional Municipal Hail LimitedAllianz Global Risks US Insurance CompanyClaimsRa
Insurance Companies 9 17 120 146 Life Insurance Companies 2 11 43 56 Fraternal Societies 0 0 9 9 Reciprocal Insurance Exchanges 15 5 0 20 Total 26 33 172 231 The Superintendent maintains a listof Insurance Companies,Reciprocal Insurance exchanges and Fraternal Societies licensed to operate in Alberta.
