Canada Insurance Tenders

The Canadian insurance market is a mature and well-developed industry, with a total gross written premium of $59.6 billion in 2022. The market is highly regulated, with both federal and provincial governments playing a role in overseeing the industry. The Canadian insurance industry is home to a number of large domestic and international insurers, as well as a growing number of InsurTech companies.

The Canadian government is a major purchaser of insurance products and services. In 2022, the federal government spent $4.7 billion on insurance, while provincial and territorial governments spent an additional $17.3 billion. The government procures a wide range of insurance products and services, including property and casualty insurance, life and health insurance, and liability insurance.

The main insurance products and services procured by the Canadian government include:
Property and casualty insurance: This type of insurance covers losses from events such as fire, theft, and natural disasters.
Life and health insurance: This type of insurance provides financial protection in the event of death, disability, or illness.
Liability insurance: This type of insurance protects businesses and individuals from financial losses arising from lawsuits.

The top authorities for Canada insurance procurement include:
Treasury Board Secretariat: The Treasury Board Secretariat is responsible for developing and implementing government-wide procurement policies and procedures.
Public Services and Procurement Canada: Public Services and Procurement Canada is responsible for managing the procurement of goods and services for the federal government.
Provincial and territorial procurement agencies: Each province and territory has its own procurement agency that is responsible for managing the procurement of goods and services for its government.

The top winners of Canada insurance procurement include:
Aon
Marsh McLennan
Willis Towers Watson
Gallagher
RSA Insurance Group

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