What if your auto insurance company could also issue you a driver's license? It can in western Canada, where Insurance Corporation of British Columbia (ICBC) is not only the sole provider of British Columbia's (BC) mandated basic auto insurance coverage, but is also in charge of operating the province's motor vehicle department. Formed by the provincial government in 1973, ICBC provides liability and uninsured motorist coverage to about 2.6 million customers through its required Basic Autoplan policy. The company also issues drivers' licenses and offers other standard motor vehicle services. ICBC is regulated by The BC Utilities Commission, which approves the insurance company's rates.

Key financials for Insurance Corporation of British Columbia

Key people and executives for Insurance Corporation of British Columbia

Top competitors of Insurance Corporation of British Columbia

• Canadian Western Bank
• Fairfax Financial Holdings
• Intact Financial

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• Insurance Carriers

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• Insurance