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Insurance in Canada

Insurance in Canada

Summary

Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Canada insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The Canadian insurance market had total gross written premiums of $109.8bn in 2016, representing a compound annual growth rate (CAGR) of 3.6% between 2012 and 2016.

The non-life Insurance segment was the market's most lucrative in 2016, with total gross written premiums of $64.6bn, equivalent to 58.8% of the market's overall value.

The growth acceleration of the market in 2016 was due to the increased demand for life insurance products as the disposable income of Canadian households rose significantly in that year.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Canada
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada insurance market with five year forecasts
Reasons to buy
  • What was the size of the Canada insurance market by value in 2016?
  • What will be the size of the Canada insurance market in 2021?
  • What factors are affecting the strength of competition in the Canada insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Canada's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Assurant, Inc.
Intact Financial Corporation
Knights of Columbus
Torchmark Corporation
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Canada insurance market value: $ billion, 2012-16
Table 2: Canada insurance market category segmentation: $ billion, 2016
Table 3: Canada insurance market geography segmentation: $ billion, 2016
Table 4: Canada insurance market value forecast: $ billion, 2016-21
Table 5: Assurant, Inc.: key facts
Table 6: Assurant, Inc.: key financials ($)
Table 7: Assurant, Inc.: key financial ratios
Table 8: Intact Financial Corporation: key facts
Table 9: Intact Financial Corporation: key financials ($)
Table 10: Intact Financial Corporation: key financials (C$)
Table 11: Intact Financial Corporation: key financial ratios
Table 12: Knights of Columbus: key facts
Table 13: Torchmark Corporation: key facts
Table 14: Torchmark Corporation: key financials ($)
Table 15: Torchmark Corporation: key financial ratios
Table 16: Canada size of population (million), 2012-16
Table 17: Canada gdp (constant 2005 prices, $ billion), 2012-16
Table 18: Canada gdp (current prices, $ billion), 2012-16
Table 19: Canada inflation, 2012-16
Table 20: Canada consumer price index (absolute), 2012-16
Table 21: Canada exchange rate, 2012-16
List of Figures
Figure 1: Canada insurance market value: $ billion, 2012-16
Figure 2: Canada insurance market category segmentation: % share, by value, 2016
Figure 3: Canada insurance market geography segmentation: % share, by value, 2016
Figure 4: Canada insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in Canada, 2016
Figure 6: Drivers of buyer power in the insurance market in Canada, 2016
Figure 7: Drivers of supplier power in the insurance market in Canada, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in Canada, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in Canada, 2016
Figure 11: Assurant, Inc.: revenues & profitability
Figure 12: Assurant, Inc.: assets & liabilities
Figure 13: Intact Financial Corporation: revenues & profitability
Figure 14: Intact Financial Corporation: assets & liabilities
Figure 15: Torchmark Corporation: revenues & profitability
Figure 16: Torchmark Corporation: assets & liabilities

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