Life Insurance & Annuities in Canada
The Life Insurance and Annuities industry in Canada has experienced solid growth over the five years to 2019 amid increasing wealth and an aging population. Industry operators accept liability for annuities and life insurance policies, disability income and accidental death and dismemberment insurance policies, while also investing the premiums received by clients into a variety of financial securities. Life and annuity premiums have increased every year over the five years to 2019, as several key external drivers have provided continued stimulus. The industry's expansion is expected to be driven by similar trends that characterized the growth of the past five years.
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.
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