Montréal - The market share of insurers constituted in Québec has increased for the second consecutive year, according to the 2011 report on insurance (pdf - 2 MB)This link will open in a new window tabled today in the Québec National Assembly.

Increased market share of Québec insurers
After a slight drop in 2009, the market share of Québec insurers climbed to 51.7% in 2011, an increase of 1.3 percentage points over 2010.

In terms of insurance of persons, 50.8% of direct premiums were written by Québec insurers; in damage insurance, they accounted for 52.9% of the premiums. Direct premiums written in Québec therefore amounted to $19.9 billion, up 1.9% compared with 2010.

As at December 31, 2011, 287 insurers were licensed to operate in Québec, namely, 101 in personal insurance, 181 in damage insurance and 5 in personal and damage insurance.

More information about the insurance of persons and damage insurance industries in Québec is available in the 2011 report on insurance (pdf - 2 MB)This link will open in a new window (in French only).

The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.

 

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