The Economical Insurance Group is one of the largest property and casualty insurance companies in Canada, serving customers from coast to coast. Founded in 1871, the company has been a trusted part of the Canadian landscape for 135 years, providing security and support for our customers and broker partners.
The Economical makes one simple promise to all its customers: “we’ll be there when you need us most”. When disaster strikes, you can count on The Economical Insurance Group to take care of the details so you can get on with your life. Their innovative insurance products are backed by professional, 24-hour emergency claims service so they’re always available when you need them.
About The Group
The Economical Insurance Group is one of the largest property and casualty insurance companies in Canada. The Group’s more than 2,000 employees are committed to providing quality home, automobile and commercial insurance products to more than one million policyholders across Canada.
Proudly Canadian. Unlike many insurance companies operating in Canada, The Group is not a subsidiary of a foreign-owned company. Its head office is located in Waterloo, Ontario and an additional 19 branches and member companies across the country provide service to independent broker partners and policyholders.
A mutual company. The Group is accountable to its policyholders, not stockholders, which means their focus is on you and your needs.
Partnered with independent insurance brokers. The Group is partnered with approximately 900 independent insurance brokers who work with you to assess your insurance needs and help you choose the right products and coverage.
Growing every year. From 1998 to 2004 the company doubled in size from $700 million to $1.9 billion. By 2010 the company will reach over $2.5 billion in gross written premiums.