Insurance Corporation of British Columbia (ICBC) is a provincial crown corporation that provides auto insurance and driver licensing services in the Canadian province of British Columbia. The corporation was established in 1973 by the government of British Columbia with the aim of providing universal compulsory public auto insurance throughout the province. ICBC has its headquarters in North Vancouver, British Columbia, Canada.

The main products and services offered by ICBC include auto insurance coverage for private and commercial vehicles, driver licensing services, and road safety initiatives. The corporation is responsible for issuing driver's licenses, vehicle registrations, and plates, as well as managing claims and providing coverage for accidents and other risks. Additionally, ICBC offers optional coverage such as extended third-party liability coverage, comprehensive coverage, and collision coverage.

While ICBC primarily operates within British Columbia, it does not have a global scale of operations. The corporation's focus is on providing auto insurance and driver licensing services exclusively within the province. ICBC does not have any significant subsidiaries, joint ventures, or partnerships that are notable on a global scale.

In terms of market position, ICBC is the sole auto insurance provider in British Columbia. It is a monopoly in the province, with no direct competitors. Therefore, it does not have global sales or standing among competitors in the traditional sense.

In recent years, ICBC has faced significant financial challenges due to rising claims costs, leading to substantial losses. To address these issues, ICBC has implemented various changes to its product lineup and pricing structure. The corporation has introduced reforms and initiatives to reduce costs and improve profitability.

As of the latest available information, ICBC is still the primary provider of auto insurance and driver licensing services in British Columbia. However, the corporation continues to face challenges in maintaining financial sustainability and addressing the growing costs associated with claims