AIG Insurance Company of Canada

What AIG Insurance Company of Canada does

AIG Insurance Company of Canada is a federally licensed property and casualty insurance company headquartered in Toronto, Ontario, with regional offices in Montreal and Vancouver, and has operated continuously in Canada for over 60 years since its founding in 1965. It serves more than 19,000 commercial and consumer policyholders across all Canadian provinces and territories, offering a broad and deeply segmented product portfolio that spans Accident and Health, Alternative Risk, Energy and Construction, Management Liability (D&O, CrimeGuard Choice, Employment Edge, Excess Edge, PortfolioSelect), Marine, Multinational, Property (Property Performance), Professional Liability, Political Risk, Environmental, M&A, Trade Credit, CyberEdge (with a Cyber Resiliency Program), Aviation, Casualty, and Crisis Management, alongside consumer offerings AppleCare+ device protection and Travel Guard travel insurance distributed under the sub-brand Travel Guard. Underwriting is supported by risk-engineering, loss-prevention, and multinational program capabilities, and backed by strong financial-strength ratings of S&P AA- and A.M. Best A, with $4.30B in total assets and $1.60B in policyholder surplus as of 2025.

The company operates a dual go-to-market model: commercial lines are distributed primarily through independent insurance brokers with enterprise field-sales coverage for complex, multinational, M&A, political-risk, environmental, and specialty risks, while consumer lines are distributed via embedded OEM and white-label partnerships covering AppleCare+ (Apple, Costco, GLENTEL, Compugen, Quadbridge, Cellcom, Coop Zone, WIRELESS), travel insurance (CheapOair.ca, United Airlines, Enterprise Rent-a-Car), and other retail and financial-institution channels. Revenue is generated through subscription/premium-based insurance underwriting across both commercial and consumer lines, with broker commissions and contingent compensation as a secondary transaction-fee revenue mechanic.

Financially, AIG Canada reported $1.61 billion in 2025 insurance revenue, $910 million in insurance service expenses, and handled 11,400 claims during the year, using a base of 362 full-time Canadian employees. As a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG), AIG Canada benefits from the parent's global brand, specialist expertise across approximately 190 countries, and global claims capabilities, while maintaining local licensing, French-language service in Quebec, and a distribution-density advantage over monoline domestic competitors.

Name

AIG Insurance Company of Canada

Legal name

AIG Insurance Company of Canada

Website

https://aig.ca

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

51–100 employees

Short description

AIG Insurance Company of Canada is a federally licensed property and casualty insurer, founded 1965, serving over 19,000 commercial and consumer policyholders across all Canadian provinces through independent brokers and OEM/white-label partners including Apple (AppleCare+), Costco, and major travel brands.

Ownership category

akta.pro rank

Product category

Property & Casualty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

akta.pro secondary industries

Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD), Travel & Accident (Non-Life) Insurance (FSAJAMAN)

Keywords

• Property casualty insurance
• Commercial insurance
• Management liability insurance
• Cyber insurance
• Travel insurance

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Commercial Insurance Premiums: Insurance premiums from commercial property-casualty products including risk solutions, management liability, professional liability, cyber, casualty, aviation, marine, and specialty insurance sold through independent brokers.
2. Consumer Insurance Premiums: Insurance premiums from consumer products including travel insurance, accidental death & dismemberment, AppleCare+ protection plans, and other personal lines distributed through OEM partners and retail channels.
3. Broker Commissions and Contingent Compensation: Compensation to insurance brokers through commissions (specific dollar amounts or percentages of premium) and contingent compensation based on volume, profitability, and business mix.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

AIG Insurance Company of Canada is a federally licensed property and casualty insurer that underwrites and distributes a broad portfolio of commercial risk solutions (property, casualty, management liability, cyber, marine, aviation, energy/construction, political risk, M&A, trade credit, multinational programs) through independent brokers, and consumer insurance products (AppleCare+ device protection and Travel Guard travel insurance) through OEM/retail and travel-company partnerships across all Canadian provinces and territories.

Product overview

AIG Insurance Company of Canada is a federally licensed property and casualty insurance company operating for 60 years, offering a comprehensive portfolio of commercial and consumer insurance products through a network of independent brokers. The commercial product suite is organized into distinct product lines under the Risk Solutions umbrella, including Accident & Health (with sub-products like AD&D, Occupational Accident, Hospital Cash, Critical Illness, Participant Accident, BTA, Out of Country Medical, and Travel Protect), Alternative Risk (including Fronting & Captive Services), Energy & Construction, Management Liability (featuring Directors & Officers, CrimeGuard Choice, Employment Edge, Excess Edge, and PortfolioSelect), Marine, Multinational, Property (Property Performance), Professional Liability, Political Risk, Environmental, Mergers & Acquisitions, Trade Credit, CyberEdge (with Cyber Resiliency Program), Aviation, Casualty (General Liability, Product Recall, Contaminated Products), and Crisis Management. On the consumer side, AIG Canada offers AppleCare+ products for Apple devices through various retail partners and Travel Guard individual travel insurance. The company serves over 19,000 policyholders with approximately 362 employees and reported $1.61 billion in insurance revenue in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Travel Guard: Individual travel insurance brand offered by AIG Canada for travel assistance services.

Products and services

• Accident & Health Insurance Commercial accident and health insurance products including Basic and Voluntary Accidental Death & Dismemberment, Occupational Accident, Hospital Cash, Critical Illness Insurance, Participant Accident, Business Travel Accident (BTA), Out of Country Medical, and Travel Protect, for Canadian businesses and groups.
• Alternative Risk Solutions Alternative Risk Insurance and Fronting & Captive Services providing global fronting and captive management programs for businesses seeking alternative risk transfer structures.
• Energy & Construction Insurance Insurance solutions for the energy and construction sectors including Construction All Risk and Power & Utilities coverage.
• Management Liability Insurance Management liability insurance including Directors & Officers Insurance, Commercial Crime (CrimeGuard Choice), Employee Practices Liability (Employment Edge), Financial Institutions, Management Liability Excess (Excess Edge), and PortfolioSelect, for commercial clients.
• Marine / Inland Marine Insurance Marine insurance products including Cargo coverage for the transportation and shipping industry.
• Multinational Insurance Programs Global insurance solutions providing multinational capabilities for businesses operating across multiple countries with AIG's award-winning programs.
• Commercial Property Insurance (Property Performance) Commercial property insurance under the Property Performance brand providing coverage for commercial properties, including risk engineering and loss prevention capabilities.
• Professional Liability Insurance Professional liability insurance coverage for businesses and professionals.
• Political Risk Insurance Insurance coverage for political risks faced by businesses operating internationally.
• Environmental Insurance Environmental insurance solutions for businesses facing environmental liabilities.
• Mergers & Acquisitions Insurance Insurance solutions supporting mergers and acquisitions transactions, including representations and warranties coverage.
• Trade Credit Insurance Trade credit insurance to protect businesses against non-payment by customers.
• CyberEdge Cyber Insurance Cyber insurance with the Cyber Resiliency Program for protection against cyber threats and digital risks, for businesses.
• Aviation Insurance Aviation insurance including Aviation Products Liability, Airlines, and General Aviation coverage.
• Casualty Insurance Casualty insurance including General Liability, Foreign Casualty, Foreign Voluntary Workers Compensation, Product Recall Response, Contaminated Products, and Commercial Transportation.
• Crisis Management Insurance Crisis management insurance including Kidnap, Ransom and Extortion coverage.
• AppleCare+ Protection Plans AppleCare+ insurance products for iOS devices, Mac computers, Apple Vision Pro, and AppleCare+ for Schools, distributed through various retail partners including Costco, GLENTEL, Cellcom, Compugen, Quadbridge, Coop Zone, and WIRELESS etc.
• Travel Guard Travel Insurance Individual travel insurance products for personal travel coverage, available through AIG Travel Guard and distributed via partners including CheapOair.ca, United Airlines, and Enterprise Rent-a-Car.

Quantifiable outcome

• 2025 Insurance Revenue: $1.61 billion
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Apple Canada Inc. (AppleCare+)coreOEM/ Whitelabel/ Licensing PartnerAIG provides insurance underwriting for AppleCare+ protection plans sold through Apple retail stores and authorized resellers in Canada, covering iOS devices, Mac computers, Apple Vision Pro, and AppleCare+ for Schools programs.
• Costco Wholesale Canada Ltd. (AppleCare+)coreOEM/ Whitelabel/ Licensing PartnerAIG underwrites AppleCare+ plans sold through Costco warehouse locations across Canada for iOS devices and Mac computers.
• GLENTELminorOEM/ Whitelabel/ Licensing PartnerAppleCare+ distribution partner for iOS and Mac products through GLENTEL retail locations.
• Compugen Inc.minorOEM/ Whitelabel/ Licensing PartnerAppleCare+ distribution partner for enterprise and consumer Apple products.
• CheapOair.caminorOEM/ Whitelabel/ Licensing PartnerTravel insurance distribution partner providing AIG travel insurance products to consumers booking travel through CheapOair.ca.
• United AirlinesminorOEM/ Whitelabel/ Licensing PartnerTravel insurance distribution partner providing AIG travel protection products to United Airlines passengers.
• Enterprise Rent-a-Car Canada CompanyminorOEM/ Whitelabel/ Licensing PartnerAuto rental insurance protection distributed through Enterprise Rent-a-Car locations in Canada.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TD Insurance: Canadian bank-owned insurance arm of TD Bank Group, distributing personal and commercial P&C through direct, broker, and affinity channels. Comparable in P&C product breadth, with key advantage in captive distribution scale.
• The Co-operators: Canadian-owned multi-line insurance and financial services cooperative offering P&C, life, and commercial insurance through a broker-and-direct hybrid model. Comparable multi-line P&C product breadth with distinct Canadian ownership lens.
• Chubb Insurance Company of Canada: Canadian subsidiary of global P&C insurer Chubb Limited, offering commercial and specialty insurance (property, casualty, financial lines, marine) through brokers. Strong overlap in specialty commercial P&C and global multinational capabilities.
• Intact Financial Corporation: Canada's largest property and casualty insurer, distributing personal and commercial P&C products through brokers and direct channels across Canada. Directly comparable to AIG Canada in commercial P&C underwriting, scale, and broker distribution model.
• Aviva Canada: One of Canada's largest P&C insurers (subsidiary of UK-based Aviva plc), offering personal and commercial property, casualty, and specialty insurance through broker and direct channels. Comparable multi-line P&C product breadth and broker distribution.
• Desjardins Insurance: Insurance arm of Desjardins Group, Quebec's largest financial cooperative, providing personal and commercial P&C across Canada. Strongly comparable product mix, particularly in Quebec where AIG Canada also operates a regional office.
• CNA Canada: Canadian operations of CNA Financial, a US-based commercial P&C insurer serving middle-market and large commercial accounts through brokers. Strongly comparable in commercial lines, management liability, and specialty risks.
• Liberty Mutual Canada: Canadian arm of global P&C insurer Liberty Mutual, offering commercial and specialty lines through brokers. Comparable foreign-owned P&C carrier structure with specialty commercial and risk solutions capabilities.
• Zurich Insurance Company Canada: Canadian subsidiary of Zurich Insurance Group, providing commercial P&C insurance to mid-market and large corporate clients through brokers. Comparable specialty commercial capabilities and multinational program offerings.
• Travelers Insurance Company of Canada: Canadian arm of US-based Travelers Companies, providing commercial P&C insurance including property, casualty, and specialty lines through brokers. Closely comparable as a foreign-owned P&C carrier with a broker-distributed commercial book in Canada.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aig-insurance-company-of-canada

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIG Insurance Company of Canada