Comprehensive List of Canadian Benefits Providers – Part 1: Insurers

Cindy Danielson

By Cindy Danielson

August 16, 2022

This is the first of a two-part blog series - Part 1 lists traditional Canadian Group Health Insurers and Specialty Health Insurers. Part 2 lists Third-Party Payors (TPPs) and Third-Party Administrators (TPAs). These lists are provided to help employers understand the multitude and variety of Group Health Benefit Providers. 

Finding a benefits provider that is good fit for your organization is important to ensure they can accommodate the unique needs of your industry, demographics, plan designs, corporate values, and budget. A Benefits Advisor can help you navigate the growing marketplace of insurers and products. 

Three Types of Benefits Providers

In Canada, there are three types of benefit providers. In Part 1 of this Blog, we list traditional group health insurers and specialty carriers. 

1.     Traditional Group Health Insurers

These are the main insurance players in Canada which are noted below as Part 1. They sell and underwrite their benefits products meaning they take on the insurance risk.

2.     Third-Party Administrators (TPAs) & Payors (TPPs)

TPAs and TPPs were created to fill a gap in the insurance industry as the complexity of employer-sponsored benefits plans continues to grow. Today, plans need to accommodate multiple different plan designs, classes and divisions and employers wanted more administrative support and resources to take the burden off them. TPAs and TPPs were born to help employers with benefit plan administration.

To view these providers, read Comprehensive List of Canadian Benefits Providers - Part 2: TPPs & TPAs.

TPAs and TPPs sell benefits products but don’t underwrite them so they don’t hold the risk unlike traditional insurers. They work with various insurers behind the scenes to package and price different benefits products from different insurers to offer more flexibility and the best coverage.

To learn the difference between a TPA and a TPP, read What is a Third-Party Payor and How Does it Work?

Insider Tip: Simply Benefits is Canada’s newest digital TPP.

3.     Specialty Carriers

These are insurers that specialize in select benefits, niche and/or specialty benefits products.

Group Benefits is the Norm

Before we jump into the list, it’s helpful to know that group benefits are commonplace in today’s workforce. If you’re an employer that doesn’t already offer a plan, then you’re a minority. According to a recent survey, 94% of small to medium-sized Canadian employers offer a benefits plan to employees with 42% of employers paying for the full cost of premiums. The competition for top talent is high and benefits are an essential part of total compensation to attract and retain staff.

Seek Advice of a Benefits Expert

Group health insurance is complex so seeking the guidance of an Insurance Advisor or Consultant that specializes in group benefits is an invaluable resource. They can help with plan design, benchmark your plan against comparable organizations in your industry and/or geography, shop your plan to Canadian providers and then consolidate and evaluate quotes, make recommendations and negotiate final pricing on your behalf.

Once you choose a provider (it’s the employer’s final decision – not the Advisors), then the Advisor will guide you through the contracting, implementation, and employee onboarding process with the new provider. If you aren’t working with an Advisor already, contact us and we’ll introduce you to one of our Advisors partners.

Find Me an Advisor

List of Group Health Insurers in Canada

Here’s a list of traditional health insurers that provide a comprehensive and diverse mix of all traditional group benefits products including: Life Insurance, Dependent Life Insurance, Accidental Death & Dismemberment, Dental, Extended Health Care (including Prescription Drugs, Paramedical Coverage and Vision), Out of Province/Country Medical Insurance, Short Term Disability, Long Term Disability, Critical Illness and Spending Accounts. To learn more about each, read Employee Health Benefits Coverage Types Explained in 5 Minutes.

Sorted alphabetically with direct links to their Group Benefits product webpages.

1

Alberta Blue Cross Group Benefits

Head Office: Edmonton, ON

Alberta Blue Cross Logo

2

Assumption Life

Head Office: Moncton, NB

Assumption Life_Logo

3

Beneva Group Insurance

(formerly La Capitale + SSQ Assurance)

Head Office: Québec

Beneva Logo

4

Canada Life

Head Office: Toronto, ON

Canada Life_Logo

5

Co-Operators

Head Office: Guelph, ON

Co-Operators_Logo

6

Desjardins Group Insurance

Head Office: Lévis, Québec

Desjardins_Logo

7

Empire Life Group Benefits

Head Office: Kingston, ON

Empire Life_Logo

8

Equitable Life of Canada Group Benefits

Head Office: Waterloo, ON

Equitable Life

9

GMS Group Plans

Head Office: Regina, SK

GMS_Logo

10

IA Financial Group Insurance

aka Industrial Alliance

Head Office: Québec

IA Financial Group

11

Manitoba Blue Cross Group Plans

Head Office: Winnipeg, MB

Manitoba Blue Cross Logo

12

Manulife Group Benefits

Head Office: Toronto, ON

Manulife_Logo

13

Medavie Blue Cross Group Benefits Solutions                                            

Head Office: Moncton, NB

Medavie Blue Cross Logo

14

Pacific Blue Cross Group Workplace Coverage

Head Office: Burnaby, BC

Pacific Blue Cross_Logo

15

RBC Insurance Group Benefit Solutions

Head Office: Mississauga, ON

RBC Insurance_Logo

16

Saskatchewan Blue Cross Workplace Benefits

Head Office: Saskatoon, SK

Saskatchewan Blue Cross Logo

17

Sun Life Group Benefits

Head Office: Toronto, ON

Sun Life_Logo

18

UV Insurance Group Insurance

Head Office: Drummondville, Québec

UV Insurance_Logo

19

Wawanesa Group Insurance

Head Office: Winnipeg, MB

WawanesaLife_Logo

Need Benefits Advice?

A knowledgeable Benefits Advisor can help you navigate the busy provider marketplace and will help you shop the market and find the right provider for your organization. Don't have an Advisor? Contact us and we'll introduce you to one of our Advisor partners. 

Find Me an Advisor

List of Canadian Specialty Health Insurers

Here’s a list of health insurers that provide specific, niche and/or specialty benefits products.

Sorted alphabetically with direct links to relevant Benefits-specific web pages.

1

AIG Business Accident and Health

Head Office: Toronto, ON

AD&D, Occupational Accident Insurance, Hospital Cash Insurance, Critical Illness Insurance, Business Travel Insurance, Out of Country Medical Insurance, Participant Accident Insurance

AIG Logo

 

2

Allstate Benefits

Head Office: Ottawa, ON

Voluntary Insurance: Critical Illness, Accident

Allstate Benefits_Logo

3

Berkley Canada

Head Office: Toronto, ON

Specialty Insurance Products: Architects and Engineers, Construction, Environmental, Executive Liability, Healthcare, Life Sciences, Professional Liability, Technology

Accident, Health & Travel Products: AD&D, Group Emergency Travel Medical, Hospital Cash, Group Critical Illness, Excess Claims Insurance (Stop Loss), Visitors to Canada, International Students to Canada, Individual Travel Medical, All-Inclusive Plans, Non-Medical Plans

Berkley Canada_Logo

4

Chubb Employee Benefits

Head Office: Toronto, ON

Life Insurance, AD&D, Critical Illness & Hospital Indemnity Insurance

CHUBB_Logo

5

Green Shield Canada

Head Office: Windsor, ON

Health and Dental Benefits

Green Shield Canada

6

StudyInsured

Head Office: Toronto, ON

Expat International Health Insurance, Travel Medical for Canadians, Visitors to Canada and International Students

StudyInsured_Logo

7

Sutton Special Risk

Head Office: Toronto, ON

Group Critical Illness Insurance, AD&D / Personal Accident, High Limit Disability, Inpatriate Benefits

Expatriate Medical Benefits, Kidnap, Ransom & Extortion Coverage, War Risk & Terrorism Coverage

Sutton Special Risk_Logo

As you can see, there are many Benefits Providers in Canada. It can be overwhelming so if you need help navigating the marketplace, we recommend seeking the guidance of an experienced Benefits Advisor who can help you understand each provider's strengths and competitive advantage. Click Find Me an Advisor and we will introduce you to one of our knowledgeable Advisors partners.

Find Me an Advisor

Not on Our List?

If you are a Canadian health insurer not on this list, or if you wish to provide feedback about this blog or listing, please contact marketing@simplybenefits.ca and we'll review your request promptly. We appreciate your feedback and helping us to make our list as accurate and comprehensive as possible for Canadian employers.

Additional Resources for Employers

You may also be interested in these resources:

About Simply Benefits

Simply Benefits is a Third Party Payor (TPP) that provides Employee Health Benefits 100% digitally through our Canadian Advisor partners. Our all-in-one digital solution provides three portals that enable Benefits Advisors to digitally manage all client plans online, Employers to efficiently administer employee coverage, and Employees to view, update and use their benefits 24/7 via desktop or smartphone app.

We help ENGAGE Employees Anytime, Anywhere, SIMPLIFY the Benefits Experience, and EVOLVE an Advisors’ Benefits Business.

Connect with us at simplybenefits.ca or on LinkedIn, Twitter, Facebook, Instagram, and YouTube.

Employee Benefits Made Simple. 

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