The Dominion of Canada General Insurance Company

Canada’s Trusted Insurance provider

Canadian had and handled since 1887, nowadays This Dominion is amongst the country’s major house and injury insurance providers.

This Dominion seems to help make sure Canadian persons, people and organizations who desires continuous self confidence that the automobiles, households and organizations many people worry about tend to be shielded. Excellent statements services is usually standard, and ‘doing the suitable thing’ could be the test out all of us judge themselves versus. Long-term relationships tend to be portion of your good results, and all of us function to help acquire and look after the confidence and respect associated with policyholders, workers and broker agents.

On the Dominion, we realize that will it’s information on relationships understanding that your romantic relationship to you arrives first. Our own dedication for your requirements has a track record: we're energetic making confident the insurance plan method is best suited pertaining to customers; all of us constantly function to improve the availability of data you need to create well informed insurance plan possibilities; and all of us highly think customers need to have accessibility to unbiased, specialized advisors, exactly who present advocacy and option, which explains why all of us send out your solutions exclusively via unbiased broker agents.

This Dominion claims honesty and fairness throughout achieving your promises, and conducts company in a fashion that makes decisions and behavior translucent to any or all stakeholders.

No-one functions more challenging to help check for an individual.
Canadian Heritage

A brief history with the Dominion parallels that will associated with Nova scotia alone. Founded throughout 1887 with Sir John Any. Macdonald since your first web design manager, This Dominion proven its hq throughout Toronto in the event the city’s people had been merely 181, 000. Expanding all over Nova scotia above the years into the future, the company possesses withstood more than a one hundred year associated with monetary transform to help acquire a reputation pertaining to steadiness, honesty and energy.

These days This Dominion is still happily Canadian had and handled, and is amongst the country’s major house and injury insurance providers. We carry on and foundation your Hq throughout Toronto – developed from the corporation at the place associated with Adelaide Street and College or university Avenue throughout 1962 – with regional office buildings throughout Vancouver, B . C ., Edmonton and Calgary, ABS, Greater london, Oakville, Markham and Ottawa, ABOUT, Charlottetown, PEI, and Halifax, NS.
Financial Strength

Protecting Canadians since 1887, This Dominion associated with Nova scotia Basic Insurance provider (The Dominion) possesses withstood more than a one hundred year associated with monetary transform to help acquire a reputation pertaining to steadiness, honesty and energy. This Dominion is usually 100% had by E-L Financial Business Limited, an organization as their stocks tend to be widely dealt on the Toronto Stock exchange. 1

Some key elements that will underlie your economic energy tend to be: Canada’s sturdy economic solutions regulatory surroundings, your prudent investment decision guidelines, your unwanted funds and support by premium quality world-wide reinsurers.

Regulating Natural environment

This Dominion performs below Canada’s world-class economic solutions routine. On account of sturdy regulatory oversight along with a noise economic solutions market, Canada’s finance institutions ticket somewhat properly throughout periods associated with world-wide financial disaster. This Dominion is really a fed loan company, susceptible to the economic along with requirements with the Insurance providers Take action (Canada) (the “Act”). This solvency with the Dominion along with fed finance institutions is usually governed from the Company with the Superintendent associated with Banking institutions (OSFI), and also provincial insurance plan government bodies.

Purchase Policies

This Dominion’s insurance plan liabilities tend to be backed by a old-fashioned investment decision account. We put money into high-quality set income investments as a way to pay for continuous statements repayments. These kinds of ventures are comprised primarily associated with government investments and investment-grade company provides, debentures and chosen stocks. Beyond just the ventures kept to repay statements, This Dominion possesses ventures supporting shareholder funds, which often function as being a stream pertaining to huge unusual loss or maybe sudden raises throughout active statements liabilities. Investments supporting This Dominion’s shareholder funds tend to be composed of premium quality typical futures via Canadian and dangerous “blue chip” companies, government investments, and company provides and debentures. On account of the investment decision in common futures, This Dominion’s shareholder funds fluctuates with improvements throughout world-wide money industry prices. This Dominion addresses this particular volatility by transporting funds much more than regulatory requirements.

For any house and injury insurance provider, sustaining adequate liquidity signifies making satisfactory payments and investment decision income to finance underwriting bills and insurance plan liabilities when they come due. This Dominion keeps liquidity by making optimistic cashflow via businesses; by coping with the maturation account associated with provides to deliver a somewhat constant cashflow via maturities to finance insurance plan liabilities; by keeping premium quality valuable ventures which could quickly become distributed before maturation, when essential; and by sustaining part associated with ventures throughout income and short-term ventures. Beyond just the liquidity furnished by income and short-term ventures, at the least 10% with the Dominion’s provides use a maturation time within twelve months.

Investment capital Adequacy

This Take action calls for This Dominion to keep up adequate amounts of funds to fulfill its responsibilities to help policyholders. Investment capital adequacy is usually predominantly based on the Lowest Investment capital Check (“MCT”), a calculations defined by OSFI2. OSFI’s proven supervisory goal MCT consequence of 150% comes with a stream previously mentioned the by law needed minimal MCT consequence of 100%. This Dominion’s Table associated with Company directors possesses approved an indoor funds goal MCT percentage associated with 190%. The interior funds goal is founded on actuarial research associated with material risks. The interior funds goal is usually evaluated each year, or more frequently when material improvements throughout risks tend to be acknowledged, and may even become modified appropriately. This Dominion’s decisions with regards to ventures and declaration associated with dividends will continue to be constructed with the intention associated with sustaining satisfactory regulatory funds.

This Dominion’s MCT final results, from your moment the MCT was put in place throughout 2003, tend to be as follows:

This Dominion’s MCT diminished throughout 08 caused by declines in accordance stock market valuations. This MCT improved last year caused by much better market place valuations regarding provides and also frequent shares, and also the Dominion’s selection to relieve their holdings regarding frequent shares and also create a equivalent improve throughout their expenditure throughout provides, which in turn make reduce money needed when compared with frequent shares. This MCT improved yet again this year due to the enhancement throughout cash flow and also a additional lowering of frequent shares with the profits being reinvested throughout company and also government provides. This loss of this MCT throughout 2011 is due to any diminish inside fair value regarding frequent talk about opportunities and also an increase throughout money important for growth throughout outstanding claims debts that surpassed this influence of the improve throughout money readily available by 2011 net gain. This improve inside 2012 MCT a brand new as a result of an increase throughout money readily available by very first 1 / 4 net gain and also as a result of modifications created by OSFI inside MCT suggestions useful January 1, 2012, which in turn resulted in an increase of approximately 6 items for the Dominion’s MCT percentage. This Dominion’s Goal 31, 2012 MCT consequence of 232% presents around $154 million in excess money above the interior money targeted MCT regarding 190% and also around $299 million in excess money above OSFI’s supervisory targeted MCT regarding 150%.

Administration often screens this level of sensitivity from the Dominion’s money to help probable risks by bad claims development, declines throughout expenditure valuations and also will increase throughout working leveraging (ratio regarding prices to help capital). To demonstrate This Dominion’s level of sensitivity to help their most important chance, expenditure portfolio chance, any 20% diminish inside fair value from the frequent stock options portfolio while in Goal 31, 2012 would certainly minimize shareholder’s value by means of $60. only two million (7%) and also minimize this MCT by means of 9 items to help 223%.

High quality Worldwide Reinsurers

This Dominion penetrates directly into reinsurance arrangements having additional insurance firms so that you can restriction their experience of considerable loss. This Dominion’s reinsurance treaties are restored per year. Contained in the yearly rebirth course of action, managing reviews this monetary functionality and also ailment regarding reinsurers in support of those that have at least the ‘A’ credit ratings in the time rebirth are acknowledged upon each of our reinsurance software for the 12 months.

This Dominion’s determination for your requirements occurs guaranteed by a sturdy and also firm credit history. Whenever you make sure with the Dominion, you could have this ongoing confidence that this points you worry about are covered.