bRBC Auto Insurance/b Canada - Instant bCar Insurance Quotes/b
RBC Insurance Canada is a top-rated insurance provider offering a wide variety of products including car, home, life and health coverage. The company is a segment of Canada’s largest bank, the Royal Bank of Canada, with its head office in Mississauga, Ontario.
In its own right, RBC Insurance is Canada’s largest bank-owned insurance company with more than five million customers. In addition to serving the Canadian market, the firm also has branches around the world with more than 3,500 global employees.
Industry Ratings
Financial analysis firms provide ratings for insurance companies to give consumers an idea of their financial strength. These ratings basically provide an analysis of the risk involved in doing business with the company based on factors like the insurance firm’s capitalization, liabilities, cash flow and other financial data.
The ratings give consumers an idea of whether the insurance provider might have trouble meeting all of its financial obligations particularly during times of economic distress.
The leading financial firm A.M. Best Co. rates RBC Insurance Group as “A” meaning that it has excellent financial strength. A.M. Best rates the company’s outlook as “stable.” The A rating and stable outlook affirm that the insurance group exposes customers to minimal risk.
Another analyst, Moody’s, gives the company a “B” rating for financial strength and the highest rating of “AAA” for covered bonds. Indeed, other ratings companies like Standard & Poor’s, Fitch and DBRS also agree in providing AAA ratings for RBC covered bonds.
In terms of customer satisfaction, J.D. Power and Associates provides the following ranking: “Highest in Customer Satisfaction among Auto Insurers in the Ontario and Atlantic Region.”
Why One Should Choose the Company
RBC is a leading Canadian car insurance company and one of the fastest growing providers of all types of insurance products in Canada. Coverage plans include travel, health, wealth, life, home and auto insurance for individuals and groups.
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