What will it take to build a stronger Canadian Economy?

Canada’s life and health insurers are ready partners to build a stronger Canada. We’ve got resources, know-how and serve millions of Canadians every day.

We’re not just part of the economy. We help power it.

Canada’s life and health insurers are a pillar of the economy and healthcare system, and we're ready to do more.
We’re calling on government partners to work with us to unlock our sector’s full potential. Together, we can drive innovation, fund critical infrastructure, and build a healthier, more productive Canada.

Supporting health. Reducing strain.

Canada’s life and health insurers play a critical role in strengthening universal healthcare. By providing health benefits to 27 million Canadians, we help reduce pressure on the public system and ensure faster access to care.

In 2023 alone, our industry paid out a record $128 billion in total claims, including $36.6 billion for health, drug and dental care. These benefits go above and beyond what the public system offers, covering everything from prescription medications and mental health supports to preventive care and wellness services.

A strong sector means 
a stronger Canada

This is long-term, stable capital — strengthening communities and growing the economy.

$6.4 Billion 
In taxes paid annually

$103 Billion 
In provincial, territorial, and municipal bonds.

$24 Billion 
In federal government bonds.

Nearly 180,000 
Canadians employed across the industry

$60 Billion
Invested in domestic infrastructure.

 

 

The challenge is big. But so is our commitment.

Canada’s infrastructure deficit is estimated at $400 billion. We’re ready to do more to help close that gap.
In 2023 alone, the industry contributed $960 billion in stable investments to support Canada’s long-term growth. That’s the power of private capital working in the public interest.