Canada Insurance Q4 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 both segments continue their healthy growth of recent years. As such,with its high incomes and excellent regulatory structure, Canada remains a favourable place for insurers to do business, and willcontinue to attract foreign insurers to its shores for this reason.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook