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Motor Insurance in Canada

Motor Insurance in Canada

Summary

Motor Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Canada motor insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Findings

Save time carrying out entry-level research by identifying the size, growth, and leading players in the motor insurance market in Canada
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motor insurance market in Canada
Leading company profiles reveal details of key motor insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Canada motor insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Canada economy

Reasons To Buy

What was the size of the Canada motor insurance market by value in 2014?
What will be the size of the Canada motor insurance market in 2019?
What factors are affecting the strength of competition in the Canada motor insurance market?
How has the market performed over the last five years?

Key Highlights

  • The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the creation of this profile have been calculated using constant 2013 annual average exchange rates. The motor insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.
  • The Canadian motor insurance market is expected to generate total gross premium income of $36,939.0m in 2014, representing a compound annual growth rate (CAGR) of 3.2% between 2010 and 2014.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $40,948.0m by the end of 2019.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $40,948.0m by the end of 2019.


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
Cooperators General Insurance Company
Desjardins Group
Industrial Alliance Insurance and Financial Services Inc
Intact Financial Corporation
Macroeconomic Indicators
Country Data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Canada motor insurance market value: $ million, 2010–14(e) ......................................................................... 8
Table 2: Canada motor insurance market category segmentation: $ million, 2014(e).................................................... 9
Table 3: Canada motor insurance market geography segmentation: $ million, 2014(e) .............................................. 10
Table 4: Canada motor insurance market value forecast: $ million, 2014–19 .............................................................. 11
Table 5: Co-operators General Insurance Company: key facts ................................................................................... 18
Table 6: Co-operators General Insurance Company: key financials ($) ....................................................................... 19
Table 7: Co-operators General Insurance Company: key financials (C$) .................................................................... 19
Table 8: Co-operators General Insurance Company: key financial ratios .................................................................... 19
Table 9: Desjardins Group: key facts ........................................................................................................................... 21
Table 10: Desjardins Group: key financials ($)............................................................................................................. 22
Table 11: Desjardins Group: key financials (C$) .......................................................................................................... 22
Table 12: Desjardins Group: key financial ratios .......................................................................................................... 22
Table 13: Industrial Alliance Insurance and Financial Services Inc.: key facts ............................................................. 24
Table 14: Industrial Alliance Insurance and Financial Services Inc.: key financials ($) ................................................ 25
Table 15: Industrial Alliance Insurance and Financial Services Inc.: key financials (C$) ............................................. 25
Table 16: Industrial Alliance Insurance and Financial Services Inc.: key financial ratios ............................................. 25
Table 17: Intact Financial Corporation: key facts ......................................................................................................... 27
Table 18: Intact Financial Corporation: key financials ($) ............................................................................................. 28
Table 19: Intact Financial Corporation: key financials (C$) .......................................................................................... 28
Table 20: Intact Financial Corporation: key financial ratios .......................................................................................... 28
Table 21: Canada size of population (million), 2010–14 .............................................................................................. 30
Table 22: Canada gdp (constant 2005 prices, $ billion), 2010–14 ............................................................................... 30
Table 23: Canada gdp (current prices, $ billion), 2010–14 ........................................................................................... 30
Table 24: Canada inflation, 2010–14 ........................................................................................................................... 31
Table 25: Canada consumer price index (absolute), 2010–14 ..................................................................................... 31
Table 26: Canada exchange rate, 2010–14 ................................................................................................................. 31
List of Figures
Figure 1: Canada motor insurance market value: $ million, 2010–14(e) ........................................................................ 8
Figure 2: Canada motor insurance market category segmentation: % share, by value, 2014(e) ................................... 9
Figure 3: Canada motor insurance market geography segmentation: % share, by value, 2014(e) .............................. 10
Figure 4: Canada motor insurance market value forecast: $ million, 2014–19 ............................................................. 11
Figure 5: Forces driving competition in the motor insurance market in Canada, 2014 ................................................. 12
Figure 6: Drivers of buyer power in the motor insurance market in Canada, 2014 ...................................................... 13
Figure 7: Drivers of supplier power in the motor insurance market in Canada, 2014 ................................................... 14
Figure 8: Factors influencing the likelihood of new entrants in the motor insurance market in Canada, 2014 ............. 15
Figure 9: Factors influencing the threat of substitutes in the motor insurance market in Canada, 2014 ...................... 16
Figure 10: Drivers of degree of rivalry in the motor insurance market in Canada, 2014............................................... 17
Figure 11: Co-operators General Insurance Company: revenues & profitability .......................................................... 20
Figure 12: Co-operators General Insurance Company: assets & liabilities .................................................................. 20
Figure 13: Desjardins Group: revenues & profitability .................................................................................................. 23
Figure 14: Desjardins Group: assets & liabilities .......................................................................................................... 23
Figure 15: Industrial Alliance Insurance and Financial Services Inc.: revenues & profitability ..................................... 26
Figure 16: Industrial Alliance Insurance and Financial Services Inc.: assets & liabilities ............................................. 26
Figure 17: Intact Financial Corporation: revenues & profitability .................................................................................. 29
Figure 18: Intact Financial Corporation: assets & liabilities .......................................................................................... 29

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