A booming industryA booming industry
Insurance and financial servicesInsurance and financial services

The Québec City metropolitan region, a nerve center for the insurance and financial service industries

Key figures

10 head offices
17 000 jobs
$6.7 CDN billion in revenues
42% of Québec's individual home and auto insurance market
34% of Québec's general insurance and financial services market

Data compiled for the Québec City metropolitan region

With 10 insurance company head offices, the Québec City metropolitan region is the number 2 hub for the Canadian insurance industry.

The Québec City metropolitan region also profits from the Mouvement des Caisses Desjardins, the 1st cooperative financial group in Canada, ranked 6th worldwide with global assets at CDN $173 billion.

Insurance industry leaders in Québec and Canada

Three out of 10 insurance companies with head offices in Québec or Lévis are among Canada's 10 largest companies.

Leaders in the insurance and financial services industries in Québec City's metropolitan region:

  • Desjardins Financial Security (Canada Top 10)
  • Desjardins General Insurance Group
  • Industrial Alliance, Home and Auto Insurance
  • Industrial Alliance, Insurance and Financial Services (Canada Top 10)
  • L'Union Canadienne, Insurance Company
  • La Capitale Financial Group, General Insurance
  • La Capitale Financial Group, Personal Insurance Sector
  • Promutuel Group
  • SSQ Financial Group (Top 10 Canada)
  • SSQ General Insurance

High level training

Québec City's metropolitan region maintains close links with research and educational institutions, and benefits from a highly qualified workforce.

  • Université Laval offers several undergraduate and graduate programs in these disciplines
  • The Centre de développement en assurances et services financiers'
  • The Industrial Alliance Research Chair in Insurance and Financial Services supports research, training and knowledge transfer in emerging insurance industry domains
  • Cegeps Sainte-Foy and Lévis-Lauzon

A vibrant business environment

The insurance and financial service industries in the Québec City metropolitan region are driven by a qualified workforce and numerous current and future investments for 2010:

  • La Capitale Financial Group - Expansion, requiring new head office - CDN $100 million
  • SSQ - Construction of new office tower - CDN $50 million
 
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