Over the five years to 2017, industry revenue is expected to increase, benefiting from gradual growth in Canadian disposable incomes, demographic changes, property values and residential values, which has enabled industry operators to charge more for premiums. Over the five years to 2022, industry revenue is expected to continue to increase, still benefiting from increased demand due to an expanding Canadian population and higher premium prices.
Companies in this industry are engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Additionally, companies in this industry provide reinsurance service, assuming all or part of the risk associated with existing insurance policies. This industry does not include insurance or reinsurance coverage for life, disability, accidental death, dismemberment or health risks.
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.