RBC Insurance is one of the largest bank-owned insurance companies in all of Canada with over five million customers throughout the country.
|Canadian Mkt. Share*||0.23% (2019)||Insurance Products||Auto, Homeowners, Tenant, Condo, Revenue Property, Seasonal Property, Health, Life, Travel, & Mortgage Insurance|
|Provinces Licensed||AB, BC, MB, NB, NL, NWT, NS, NU, ON, PEI, QC, SK, YT|
|*Of all private P&C in Canada by net premiums written, excluding life and purely A&S companies.|
For both family and business, RBC Insurance has you covered. We are an RBC brokerage partner - contact us for a quote: Speak with a broker today: 1-800-731-2228
The Royal Bank of Canada (est. 1864) is the largest bank and financial institution in the country, and entered the insurance market in 1993 with its acquisition of Voyageur Travel Insurance Ltd., the largest provider of travel insurance in Canada at that time.
By the year 2000, RBC had acquired Westbury Canadian Life Insurance Company, the Mutual of Omaha Life Insurance’s Canadian operations, and Liberty Life Insurance Company. Today, RBC Insurance offers life, travel, property, and casualty insurance.
In 2016, Aviva General Insurance Company acquired RBC’s property and casualty insurance operations (RBC General Insurance Company). RBC Insurance continues to offer Home and Auto insurance, however are those products are now underwritten by Aviva. RBC retains ownership of its travel and life insurance operations. Despite this sale, RBC Insurance is still one of the largest insurance providers in the country.
Over the years, RBC Insurance has vastly expanded their lines to be able to insure home, business, and car insurance, as well as retirement plans and investment options. Because of its affiliation with Royal Bank of Canada, RBC Insurance has had the benefit of being able to grow without fear of financial problems that can often affect underwriting. Now that it stands as one of the largest bank-associated insurance companies in the country, RBC Insurance uses its experience to create a wide array of client solutions.
Customers turn to RBC Insurance for:
RBC Insurance is known for its ability to simplify insurance and help customers to understand exactly what they are getting.
It is hard to find a weak spot in what RBC Insurance has to offer, which is one reason why the company has millions of clients all over Canada. When people do business with RBC Insurance, they expect to take advantage of benefits such as:
RBC Insurance is well-known for offering complete lines of personal insurance products for almost any need, and commercial coverage for businesses of all sizes. RBC gives brokers plenty of tools to utilize when it comes to solving client problems.
RBC Insurance can cover every part of your life from the value of your home to the stability of your credit cards. RBC’s focus on customer satisfaction with personal lines comes from its direct contact with clients in every one of its business locations. RBC now uses its network of brokers to enhance that personal feeling and deliver superior lines of insurance coverage.
Business insurance is just one category of commercial insurance options offered by RBC Insurance. These are insurance options aimed at protecting the operation and long-term success of your company.
RBC Insurance has a wide range of group benefit programs that can help you to protect your employees and grow your business.
For both family and business, RBC Insurance has you covered. Speak with one of our Ontario brokers about a quote from RBC Insurance: Speak with a broker today: 1-800-731-2228