CUMIS General Insurance Company has announced it will cease operations in Alberta starting January 1, 2026, citing ongoing challenges in the province’s auto insurance market.
The company attributes the decision to rising auto claims costs, which have made continued operations unsustainable. Despite this, current policyholders will maintain coverage until their 2026 policy expiry, and renewals will be honored under existing terms through the end of the year. After January 1, 2026, CUMIS will no longer issue quotes or renew home and auto insurance policies in Alberta.
The company assures customers that they will receive advance notice before policy expiration and guidance to secure alternative coverage.
CUMIS, a subsidiary of Co-operators General Insurance, becomes the fourth insurer to exit Alberta’s home and auto market in the past two years, following Aviva’s 2024 announcement that the province’s insurance environment “doesn’t foster growth.”
Alberta’s 3.7% rate cap, introduced last year to improve affordability, has been cited as a factor pushing insurers out, leaving some customers with fewer options and higher premiums elsewhere. Alberta Finance Minister Nate Horner noted that less than 0.1% of the province’s auto insurance policies were through CUMIS.
CUMIS will continue its operations in British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Newfoundland, and Prince Edward Island, ensuring continued service for policyholders outside Alberta.
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