Which of the following is NOT an example of a Private Insurer?

The correct answer is that Manitoba Public Insurance is not an example of a private insurer. This is because Manitoba Public Insurance (MPI) is a crown corporation owned by the provincial government, which means it is a public entity that provides mandatory vehicle insurance to residents of Manitoba. Unlike private insurers, which operate for profit and are owned by shareholders, public insurers like MPI are established to provide insurance services in the public interest, often with government oversight and regulation.

Private insurers, on the other hand, such as ING Insurance, Portage Mutual Insurance, and Red River Valley Mutual, operate as independent companies that provide a variety of insurance products to consumers, aiming to generate profit for their shareholders. These private entities offer coverage in multiple sectors, such as property, liability, and auto insurance, and they have different operational structures and regulatory requirements compared to public insurers.