Federal and provincial supervision
CanadaOSFI / provincial regulators
Insurance supervision in Canada.
01 / The institution
Office of the Superintendent of Financial Institutions (federal); AMF Quebec, FSRA Ontario, BCFSA and other provincial regulators for provincially incorporated insurers
OSFI supervises federally regulated insurers. Provincial and territorial licensing and conduct requirements also apply; OSFI data are not automatically a complete census of every Canadian insurer.
The legal foundations
Mandate, written into law.
Establishing legislation and the rules governing insurance may be different instruments.
Institutional and insurance framework
OSFI Act; Insurance Companies Act ↗
02 / Market signals
The numbers, with context.
Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.
Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.
03 / The report notebook
A dated view of the market.
What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.
1 April 2024–31 March 2025 · Published
OSFI Annual Report 2024–2025 — insurance supervision ↗
Annual-report overview and chapter 2 reviewed. This is federal supervisory reporting, not a consolidated premium total for every Canadian provincial and territorial market.
Revised life capital framework
1 January 2025OSFI’s revised Life Insurance Capital Adequacy Test took effect, including a new treatment of segregated-fund guarantee risk.
Accounting implementation
OSFI published its IFRS 17 guideline in November 2024 to clarify treatment of specific insurance products and transactions.
Chapter 2 ↗04 / Official contacts
Reach the institution.
Public institutional channels, checked 17 September 2026.
- Contact the authority
- Contact details and enquiry channelsSource ↗
Research trail
Sources you can follow.
Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.
Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.
Stay connected
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