Canada is the second largest country in the world today much like its neighbor the United States with its affluent society, the high tech industry, market-oriented economy, the pattern of production and high living. Since 1989, trade and economic integration between Canada and the United States has increased significantly after the U.S. approval - Canada Free Trade Agreement of North America and in 1994 the free trade agreements. Since then Canada enjoys stable economic development due to its vast natural resources, skilled labor workforce, and modern capital plants. The insurance industry in Canada is an important part of social and economic activity in Canada.The insurance market in Canada is represented by over 230 competing activities of private property and casualty insurance companies, along with 27 providers of the disease, life and accident insurance. Compulsory motor insurance is provided exclusively by auto insurers owned by the government of Manitoba, Saskatchewan and British Columbia. The bodily injury part of automobile insurance in Quebec is also provided by state-owned insurers.
