Canada Insurance Q3 2018
Despite a slowdown in Canada's headline GDP growth following the robust expansion of the past few years, our medium-term outlook for the country's insurance market remains positive. Consumer and business confidence remains high, and this willdrive new purchases in both life and non-life lines, with premiums expanding in the 3-4% range in both sectors through to 2022.While some parts of the industry, particularly the life segment, are mature and highly competitive, insurers will still find scope for newbusiness through innovation and new product launches. As such, with its high incomes and excellent regulatory structure, Canadaremains a favourable place for insurers to do business and will continue to attract foreign insurers to its shores for this reason.
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