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Beneva

75Score
★★★☆☆3.8

Customer satisfaction · 3.5M members

Leger: Growing Brand(2025)

Beneva is Canada's largest mutual insurer, formed in 2020 from the merger of SSQ Insurance and La Capitale. With CA$25 billion in total assets and 5,000+ employees, it offers group insurance, individual insurance, and general insurance, with a strong Quebec public sector presence.

Overall Score

75/100

Founded

2020

Headquarters

Quebec City, Quebec

Type

hybrid
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Key Metrics

Total Assets

CA$25 billion

Employees

5,000+

Structure

Mutual (member-owned)

Heritage

Merger of SSQ (1940s) + La Capitale (1940s)

Editorial Ratings

Leger: Growing Brand(2025)

Rating: Building new brand identity; predecessor satisfaction strong (max: Most Trusted Brand)

75Leger

Coverage Highlights

  • ✓Largest mutual insurer in Canada
  • ✓Formed from merger of SSQ + La Capitale (2020)
  • ✓CA$25 billion in total assets
  • ✓Group insurance, individual insurance, and general insurance
  • ✓Strong Quebec public sector presence

Pros

  • ✓Largest mutual insurer in Canada
  • ✓Strong financial base ($25B assets)
  • ✓Mutual structure aligned with member interests
  • ✓Comprehensive product range

Cons

  • ✗New brand (2020) — still building recognition outside Quebec
  • ✗Post-merger integration challenges
  • ✗Primarily Quebec-focused

Frequently Asked Questions

What is Beneva?

Beneva is Canada's largest mutual insurer, created in 2020 from the merger of SSQ Insurance and La Capitale. It holds CA$25 billion in total assets and has over 5,000 employees.

Is Beneva a mutual company?

Yes. Beneva is a mutual insurer, meaning it is owned by its members rather than shareholders. This structure means profits are directed toward member benefits.

Does Beneva offer health insurance outside Quebec?

Yes, Beneva offers insurance products across Canada, though its strongest market presence and brand recognition is in Quebec, reflecting its SSQ and La Capitale heritage.

Quick Summary

InsurerBeneva
Country🇨🇦 Canada
Overall Score75/100
Satisfaction3.8/5
Members3.5M
Typehybrid
Founded2020

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