Your Prairie Insurance Company
SMI was formed by a group of pioneer farmers in 1908 to meet their mutual need for readily available, affordable insurance protection. With that pioneer spirit in mind, SMI has prospered for over 100 years, providing security and service to its many policyholders.
At SMI, policyholders have voting rights with the Company and elect a Board of Directors to oversee the operation of the Company and establish long-term strategic goals and objectives.
SMI is a federally licensed property and casualty (P&C) insurer operating in Saskatchewan, Alberta and Manitoba with annual direct written premiums in excess of $76.6 million.
The Company is subject to various Insurance Acts, both federal and provincial, and to regulation by the Office of the Superintendent of Financial Institutions (OSFI). SMI, with approximately 75 employees, distributes its products through the independent brokerage system.
The Company’s head office is located in Saskatoon with service offices in Calgary, Regina and Winnipeg.
Corporate Mission
SMI is dedicated to providing security for its policyholders and employees. Building on a historical foundation of integrity, commitment and superior service, SMI will successfully meet the challenges of the future through strategic planning and innovation.
Financial Rating
SMI proudly carries a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” from A.M. Best Company, Inc.
A.M. Best Company, Inc. is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
