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The 2025 Insurance Business Canada Awards marked a milestone year for the industry, celebrating a decade of recognizing excellence across Canada’s insurance ecosystem. As brokers, insurers, MGAs and service providers gathered for the 10th annual gala, the evening’s strongest message was clear: performance matters, but people matter more.

Across categories spanning life and health, claims, underwriting, cyber and digital innovation, winners consistently returned to the same point. Performance matters, but it is people — clients, teams and partners — who ultimately shape success.
Sun Life’s recognition as Life & Health Insurer of the Year reflected that balance. The insurer has continued to invest in modernizing advice and solutions while keeping client needs front and centre, particularly as Canadians navigate affordability pressures, longevity planning and evolving health priorities.
Accepting the award, senior vice-president of retail advice and solutions Rowena Chan highlighted execution over ambition. “We always put the client first, and that will always drive the right action to deliver the right results for Canadians,” she said. The acknowledgement reinforced the importance of alignment between strategy, talent and purpose in a complex national market.

That same clarity of purpose defined The Mutual Fire Insurance Company of British Columbia, named P&C Insurer of the Year. Operating within a mutual structure, the organization has leaned into its values rather than away from them, positioning mutuality as a competitive strength. Its approach prioritizes long-term stability, partner collaboration and accountability to policyholders — a model that resonated strongly with judges amid continued volatility in the P&C landscape.

Claims excellence emerged as one of the evening’s most prominent themes, underscoring where trust is ultimately tested. Crawford & Company (Canada), awarded Best Claims Management Firm, was recognized for consistently delivering technical rigour alongside empathy. President Greg Smith described claims as the moment where insurance moves from concept to commitment. “Settling a claim often happens in one of the most difficult moments a client may experience,” he said, reinforcing why emotional intelligence remains critical even as systems become more advanced.

Travelers Canada, which received Claims Team of the Year – Insurer, was similarly recognized for scale without compromise. The insurer highlighted collaboration across regions and disciplines as central to maintaining consistency nationwide. While digital tools support efficiency, the award reflected the organization’s emphasis on decision-making, responsiveness and accountability — particularly in high-stress situations where clients rely on clarity and reassurance.

Leadership awards reinforced the idea that influence in insurance is defined less by hierarchy and more by stewardship. CEO of the Year Jean-François Chalifoux of Beneva spoke to leadership as a responsibility extending beyond performance metrics. “Leadership is more than a title,” he said. “It’s a responsibility to create purpose and share a vision.” His remarks reflected the increasing expectation that leaders articulate not only where organizations are going, but why — particularly as insurers address sustainability, workforce transformation and community impact.

That human-centred leadership philosophy was echoed in Donna Mulligan’s recognition as Woman of Distinction. As head of middle market at Zurich Canada, Mulligan has been a vocal advocate for inclusive leadership and authenticity in senior roles. “Leadership with heart goes beyond the bottom line,” she said, framing leadership as both responsibility and example. Her recognition highlighted the growing emphasis on culture, mentorship and representation across the industry.

Despite ongoing conversations around automation, broker winners were unequivocal that insurance remains deeply relational. Canadian Insurance Broker of the Year Jason Di Vincenzo of Insureit Group traced his success to decades of direct engagement with clients. “Clients want to talk to people,” he said. “There’s no automated system that can replace that connection.” His perspective reflected a broader truth reinforced throughout the evening: while technology can streamline processes, trust is still built through availability, presence and long-term relationships.

Innovation nonetheless played a meaningful role across categories. Applied Systems, named Best Insurtech Firm, was recognized for enabling insurers and brokers to modernize end-to-end policy workflows, while cyber specialist BOXX Insurance demonstrated how Canadian expertise is being leveraged to build globally relevant products. In both cases, technology was framed as an enabler — supporting better outcomes rather than replacing human judgement.

Community impact also featured prominently. APRIL Marine, recipient of the Excellence in Philanthropy & Community Service award, linked its environmental commitment directly to its role in the marine sector. “We’re not just an insurer,” said claims manager Stacey Buckley. “It’s important for us to be part of the community and protect the environments our clients depend on.”

As the industry looks towards 2026, the 2025 Insurance Business Canada Awards offered a grounded but confident outlook. Amid economic pressure, evolving risk and accelerating change, the sector continues to return to what has always sustained it.
Insurance, the evening made clear, remains a people business — built on trust, strengthened by relationships and defined by its ability to show up for customers when it matters most.
View the full photo gallery here.
Stage 1 – Nominations
The call for nominations was open to all insurance professionals and organizations – including brokers, brokerages, insurers, underwriters, MGAs, risk managers, and service providers – from across Canada.
Nominations were open from May 5 to July 25, 2025, at 11:59 pm ET.
To submit a nomination, participants were directed to the Nominate page of the website, where they provided the nominee’s contact details and a brief reason for nomination within a 300-word limit. There was no fee to submit a nomination.
Stage 2 – Research
The Insurance Business Canada Awards team conducted research and drew on knowledge and information gained through Insurance Business Canada to support and supplement nominations received, ensuring that no deserving candidates were overlooked. Excellence Awardees were determined from both the nominations received and the research conducted.
Stage 3 – Excellence Awardees
Once all nominations were reviewed and research was completed, Excellence Awardees were selected in each category (excluding the Lifetime Achievement category) and notified via email or phone.
All Excellence Awardees were then invited to complete a detailed submission, providing an opportunity to address the category criteria in greater depth. All submissions remained confidential unless otherwise marked and were not shared with any third parties other than the judges.
Excellence Awardees were officially announced in August 2025 on the website and promoted through Insurance Business Canada magazine and online channels. Promotional packages to leverage the achievement across marketing and promotional activities were made available for purchase.
Stage 4 – Judging
All submissions from Excellence Awardees were forwarded to an independent judging panel comprising industry leaders and senior representatives. The panel assessed and voted for winners in each category according to the relevant criteria.
Voting commenced in September 2025. The judging process was impartial, balanced, incisive, and fair, with any judge declaring a conflict of interest recusing themselves from judging the relevant category.
Stage 5 – Winners
Using a points-based system to aggregate judges’ votes, the finalist with the highest score in each category was named the winner.
Winners were announced at the awards ceremony on November 13, 2025, and published on the website. They were also promoted through Insurance Business Canada. Promotional packages to leverage the achievement across marketing and promotional activities were made available for purchase.















