Insurance in Canada
Summary
Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Canadian insurance market had total gross written premiums of $127.8bn in 2018, representing a compound annual growth rate (CAGR) of 5% between 2014 and 2018.
- The non-life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $73.8bn, equivalent to 57.7% of the market's overall value.
- The Canadian life insurance market recorded moderate growth as the country's average wage increased by 6.8% between 2013 and 2017, and grew by 1.5% when adjusted for inflation.
- 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
- What was the size of the Canada insurance market by value in 2018?
- What will be the size of the Canada insurance market in 2023?
- 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?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do the leading players follow?
- 7.4. Has there been any M&A activity in recent years?
- 8 Company Profiles
- 8.1. Chubb Ltd
- 8.2. Intact Financial Corporation
- 8.3. Desjardins Group
- 8.4. Aviva Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Canada insurance market value: $ billion, 2014-18
- Table 2: Canada insurance market category segmentation: $ billion, 2018
- Table 3: Canada insurance market geography segmentation: $ billion, 2018
- Table 4: Canada insurance market value forecast: $ billion, 2018-23
- Table 5: Canada insurance market share: % share, by value, 2018
- Table 6: Chubb Ltd: key facts
- Table 7: Chubb Ltd: Annual Financial Ratios
- Table 8: Chubb Ltd: Key Employees
- Table 9: Chubb Ltd: Key Employees Continued
- Table 10: Chubb Ltd: Key Employees Continued
- Table 11: Chubb Ltd: Key Employees Continued
- Table 12: Intact Financial Corporation: key facts
- Table 13: Intact Financial Corporation: Annual Financial Ratios
- Table 14: Intact Financial Corporation: Key Employees
- Table 15: Intact Financial Corporation: Key Employees Continued
- Table 16: Desjardins Group: key facts
- Table 17: Desjardins Group: Key Employees
- Table 18: Desjardins Group: Key Employees Continued
- Table 19: Aviva Plc: key facts
- Table 20: Aviva Plc: Annual Financial Ratios
- Table 21: Aviva Plc: Key Employees
- Table 22: Aviva Plc: Key Employees Continued
- Table 23: Canada size of population (million), 2014-18
- Table 24: Canada gdp (constant 2005 prices, $ billion), 2014-18
- Table 25: Canada gdp (current prices, $ billion), 2014-18
- Table 26: Canada inflation, 2014-18
- Table 27: Canada consumer price index (absolute), 2014-18
- Table 28: Canada exchange rate, 2014-18
- List of Figures
- Figure 1: Canada insurance market value: $ billion, 2014-18
- Figure 2: Canada insurance market category segmentation: % share, by value, 2018
- Figure 3: Canada insurance market geography segmentation: % share, by value, 2018
- Figure 4: Canada insurance market value forecast: $ billion, 2018-23
- Figure 5: Forces driving competition in the insurance market in Canada, 2018
- Figure 6: Drivers of buyer power in the insurance market in Canada, 2018
- Figure 7: Drivers of supplier power in the insurance market in Canada, 2018
- Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2018
- Figure 9: Factors influencing the threat of substitutes in the insurance market in Canada, 2018
- Figure 10: Drivers of degree of rivalry in the insurance market in Canada, 2018
- Figure 11: Canada insurance market share: % share, by value, 2018
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