| Insurance Bureau of Canada |
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Established in 1964, Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, car and business insurers. Its member companies represent 90 percent of the property and casualty (P&C) insurance market in Canada. The P&C insurance industry employs over 110,000 Canadians, pays more than $6 billion in taxes to the federal, provincial, and municipal governments, and has a total premium base of $39 billion, approximately half of which is derived from automobile insurance.
IBC’s role is to be active on behalf of its members. IBC does this by:
- Forecasting and responding to issues that may arise in the industry;
- Anticipating opportunities to identify, shape and influence change in support of members' business needs; and
- Lobbying the federal and provincial governments to secure changes in public policy and in the business-operating environment that will benefit insurance companies and their customers.
IBC works on a number of fronts to increase public understanding of home, car, and business insurance. Public understanding is also fostered through IBC’s five regional consumer centres, where trained personnel with many years of industry and government relations experience answer tens of thousands of consumer inquiries each year.
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