Life Insurance & Annuities in Canada
Consistent increases in premiums derived from the Life Insurance and Annuities industry's traditional products and strong returns from equity markets have aided industry performance over the five years to 2017. Historically low interest rates have subdued the industry's investment gains in recent years. Since 2013, bond yields have sharply increased which bolsters the fair values of the industry's existing fixed-income securities, this trend has been a key driver for strong growth throughout the year. Despite a small dip in concentration levels in recent years, the industry is anticipated to remain dominated by the “big three"" companies over the five years to 2022. Rising interest rates paired with anticipated improvements in the broader economy will continue to increase industry revenue and boost profitability despite the prospect of further regulation on the horizon.
This industry accepts liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.