Finance & Insurance
Shaping the future of finance and insurance
Canada boasts a strong, globally competitive finance and insurance sector. The country’s banking system ranks second in the G20 and three of its largest life and health insurers rank in the top 15 globally. Home to six of the world’s top 50 safest banks, Canada is also considered to have one of the most stable financial systems. Additionally, four Canadian cities are among the top fintech hubs in the world.
It should come as no surprise that Canada has major appeal for finance and insurance conferences. When delegates meet here, they can tap into the local knowledge capital and explore Canadian technologies powering the future during educational site visits to startups, businesses and more.
When combined with its vast landscapes, diverse cities and culture, dynamic culinary and nightlife experiences, it’s easy to understand why organizations around the world choose Canadian locations to host their global events.
Canada’s Key Finance and Insurance Centres
Learn more about Canada’s Finance and Insurance sector
HSBC opened its first global Data Centre of Excellence in Toronto, citing the city’s investments in AI and advanced machine learning.
The Montréal-based financial technology firm Quantolio specializes in the development of AI-driven software for asset and risk managers. The partnership seeks to improve investment processes and strategies by integrating the latest AI technologies.
At Vancity Investment Management, socially responsible investing is the ethos of investing. They choose and manage their investments based in part on a company’s ESG, enabling clients to make investment decisions that align with their values, all while achieving stronger long-term financial performance.
Economic Impact of Finance & Insurance in Canada
148B Contributed by the finance and insurance sector to the economy
6 of the world's top 50 safest banks
56.5% Female workforce at Canada's six largest banks
$15.6B in Canadian finance & insurance services exports reached in 2020
Research and Innovation
Using blockchain technology, ATB Financial became the first financial institution in Canada to complete an overseas payment in a matter of seconds.
Evovest launched its first fund powered by AI, the Evovest Global Equity fund, in February 2019.
A collaborative research and development product between Intact Assurance, the Big Data Research Centre and Institute Intelligence and Data at Université Laval will support the creation of new technologies in the insurance sector, which allow computers to efficiently extract information from text documents, identify concepts in images, control sensor data and more.
HERE'S HOW WE CAN HELP YOU GET PLANNING
The team at Destination Canada Business Events helps global organizations meet with purpose in Canada. Contact our team for:
- Specific information regarding Canada's sector expertise
- Recommendations on destinations based on their sector strengths
- Introductions to industry leaders, academia, and economic development agencies
- Recommendations of technical tours, site visits, or expert speakers to augment events
- Assistance in sourcing RFPs for conference placement