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The Industrie des guarantees multirisques (IAM) is a critical area of the Canadian economy and address all areas of reassurance and risk management. This industry provides a range of goods and services and assumes many dangers in the process. It encompasses every branches of assurance, including assurance-vie, assurance-maladie, and multiline insurance.

The sector is regulated by federal and regional authorities. The federal government controls three-quarters of the multirisque market, while international insurers account for eight percent. Insurers must satisfy technical and capital requirements just before they can give their products. When foreign-owned insurance providers can offer goods outside the nation, they must get hold of approval in the province they wish to function in.

Multiline insurance was designed to cater to businesses that produce goods or products and services. It includes protection for harm to property, liability for experts, and reduction in income due to accidents. This insurance is essential to any business that needs to protect by itself and its buyers. Insurance coverage allows you to protect your family in the event of disease or car accident.

According to the most recent statistics, the assurances multirisques sector made 92 billion dollars dollars in 2013. This kind of money was derived largely out of prime income and benefits from positioning. The market has 107 insurance companies below federal loan company laws and functions 28 million insured people. Of these companies, 81 percent are located in Canada. One of the largest insurers in the country is SSQ Groupe financier.