IBC member companies make up the vast majority of the property and casualty (P&C) insurance market in Canada.
Insurance Bureau of Canada (IBC) is proud to announce that The Commonwell Mutual Insurance Group (The Commonwell) has joined its membership, which represents the vast majority of P&C insurers in Canada. With over 125 years of dedicated service to communities across Ontario, The Commonwell brings trusted expertise in home, commercial, farm, vehicle, and watercraft insurance to the industry association.
“We are pleased to welcome The Commonwell to IBC," said Celyeste Power, President and CEO, IBC. “We appreciate The Commonwell’s community spirit and value their commitment to fostering meaningful relationships with their customers. They will add their unique and strong voice to IBC’s broad membership that works ensure our industry continues to provide strong support to Canadians from coast-to-coast.”
The Commonwell has been built on more than a century of hands-on commitment to the local communities it serves. Since its founding, The Commonwell operates on the same historical premise of its three legacy companies – maintaining a focus on local presence and service that builds strong long-term relationships for the benefit of the greater community. It brings diverse product offerings to the Ontario marketplace, including farm, home, commercial, seasonal property, auto and watercraft insurance.
“The Commonwell strives to go above and beyond for its customers and communities in times of need,” said Tim Shauf, President and CEO, The Commonwell Mutual Insurance Group. “Our values closely align with those of IBC and their longstanding commitment to serving Canadians. We are proud to join the industry association and look forward to contributing to IBC’s reputation as a credible, trusted leader and voice within the insurance industry.”
Canada's P&C insurers who want a fair and competitive insurance market look to IBC to influence positive change. IBC leads the process with a team of GR and policy experts who have the political acuity and data-driven insights to plot the best advocacy path.
IBC membership is available to private Canadian P&C insurers and reinsurers. IBC works on behalf of its members to:
Create competitive and sustainable auto insurance markets
Work with the insurance industry and governments to help shape decisions around and protect the public from natural catastrophes
Advance balanced financial, operational, and market conduct regulation
Improve road safety and awareness
Increase consumer understanding of P&C insurance and related issues.
To learn more about how your organization can benefit from IBC's value and membership, contact us at memberservices@ibc.ca.
About The Commonwell Mutual Insurance Group
The Commonwell Mutual Insurance Group became The Commonwell on January 1, 2014 following an amalgamation between three legacy mutual insurance companies. So in reality, we’ve been busy insuring and protecting a way of life that is common to us all for well over 100 years.
We believe in the common good, in shared optimism and in on-going support. That’s the essence of the name Commonwell. Our policies cover the assets you value most: homes, businesses, farms and equipment, seasonal properties, vehicles and yes, even boats, because much of Commonwell country comes with lots of fresh water close by.
We are a mutual insurance company. Our policyholders are members and have a say in shaping the company. It also means we believe in the win/win scenario: The Commonwell invests a share of profits back into the communities we call home and where you live.
For more information or to learn more about The Commonwell Mutual Insurance Group, please visit: https://thecommonwell.ca/
