OMIA is a trade association with a rich history dating back over 125 years. It supports over 35 independent 100% Canadian Mutual insurance companies located across Ontario. This Association provides leadership and guidance for its member companies in dealing with issues in the Property & Casualty insurance market and enables the mutual companies to support each other and speak with a united voice in dealings with government and regulators. Member company directors and staff have the opportunity through OMIA, to meet and exchange ideas and best practices in the industry, living up to its’ motto of “We’re in this together.”
Farm Mutual Re (formerly Farm Mutual Reinsurance Plan) was established in 1959 after many of the Canadian Mutual insurance companies came together to form their own reinsurance company to better protect themselves and their policyholders against catastrophic loss. As a reinsurer, they help mutual insurers keep their promises, providing financial stability and insurance capacity as well as expertise in insurance product development, analytics, claims management and loss control. The relationship between the Farm Mutual Re and its members is unique in the industry, being based in “mutual” values and collaboration.
CAMIC is a trade association of property and casualty insurance companies formed as mutuals. Its role is to provide information, research and advocacy to its members in areas of general concern and to negotiate supply agreements for goods and services of common needs.
IBC is the national industry association representing Canada’s private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada.
The P&C insurance industry employs over 114,000 Canadians, pays more than $7 billion in taxes to the federal, provincial, and municipal governments, and has a total premium base of $40 billion, approximately half of which is derived from automobile insurance. IBC’s role is to be active on behalf of its members.
FSRA is a regulatory agency of the Ministry of Finance that regulates insurance, pension plans, loan and trust companies, credit unions, caisses populaires, mortgage brokering, and co-operative corporations in Ontario.
For more than a century NAMIC has made a significant and lasting impact on the property and casualty insurance industry.
NAMIC’s foundation is built upon its diversity in membership and grassroots strength. Companies range in size from one person operating a small farm mutual company offering property insurance for wind and fire exposures to some of the worlds’ largest insurers providng comprehensive commercial and personal lines coverages. NAMIC benefts member companies through government relations, public affairs, education, arbitration services and insurance programs.
The Insurance Institute, with its network of 21 provincial Institutes and local Chapters, is the educational arm of the property and casualty insurance industry, representing more than 36,000 individuals across Canada. Over 20,000 of those members are students and more than 16,000 are graduates who have earned the Chartered Insurance Professional (CIP) designation or Fellow Chartered Insurance Professional (FCIP) designation. We’ve been educating the industry since 1899.
