Established in 1964, Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s
private home, auto and business insurers.
Our member companies represent 90% of the Canadian property and casualty (P&C) insurance market, including 45 private passenger auto insurers across Alberta.
We know Alberta drivers are facing a difficult auto insurance market and that there are some big issues to tackle. That’s why we are committed to working with consumers, industry and government to create a sustainable and accessible auto insurance system that meets the needs of drivers – now and in the future.
We are also focused on increasing consumers’ knowledge of the insurance industry to help drivers make informed decisions and understand the changes to auto insurance that are impacting them.
To help foster insurance education, IBC has an Alberta-based consumer information centre where trained industry personnel answer thousands of inquiries each year.
To learn more about IBC, please visit ibc.ca.
Alberta’s Insurance Industry is Local and Essential
The insurance industry employs thousands of people across the province who live and work in the same communities as the clients they serve.
- There were 10,842 people working in Alberta’s property and casualty (P&C) insurance industry in 2018.
- For every 100 jobs created in the P&C insurance industry, 42 are created in other areas of the province’s economy.
- The total economic footprint associated with the P&C insurance network supports 15,445 jobs in Alberta or about 1 in every 150 jobs.
The insurance industry is a significant contributor to Alberta’s economy.
- The P&C insurance industry directly contributed $1.2 billion to Alberta’s GDP in 2018.
- P&C insurance companies paid $375 million in premium taxes and $155 million in health care levies in 2017.
Source: Conference Board of Canada Report – Alberta’s Insureconomy: The economic contribution of the property and casualty insurance industry – commissioned by IBC (July 2019).