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Non-Life Insurance in Canada

Publisher MarketLine
Published Dec 11, 2025
Length 37 Pages
SKU # MTLN20937010

Description

Non-Life Insurance in Canada

Summary

Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Canadian non-life insurance market recorded gross written premiums of $63.3 billion in 2024, representing a compound annual growth rate (CAGR) of 6.4% between 2019 and 2024.
  • The property segment accounted for the market's largest proportion in 2024, with total gross written premiums of $25.6 billion, equivalent to 40.4% of the market's overall value.
  • In 2024, the Canadian non-life insurance market recorded an annual growth of 3.7%. The growth is attributed to the accelerating housing market, which continues to support property insurance uptake. According to Statistics Canada, from July 2021 to December 2024, Vancouver, Winnipeg, and Victoria led the country in housing completions, with approximately 67.2 thousand, 16.2 thousand, and 11.3 thousand residential units completed, respectively.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Canada
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Canada non-life insurance market by value in 2024?
  • What will be the size of the Canada non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the Canada non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Canada's non-life insurance market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. Intact Insurance Co
8.2. Lloyd's Underwriters
8.3. Aviva Insurance Company of Canada
8.4. Co-operators General Insurance Co
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 non-life insurance market value: $ billion, 2019-24
Table 2: Canada non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Canada non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Canada non-life insurance market geography segmentation: $ billion, 2024
Table 5: Canada non-life insurance market value forecast: $ billion, 2024-29
Table 6: Intact Insurance Co: Key Facts
Table 7: Intact Insurance Co: Key Employees
Table 8: Lloyd's Underwriters: Key Facts
Table 9: Aviva Insurance Company of Canada: Key Facts
Table 10: Aviva Insurance Company of Canada: Key Employees
Table 11: Co-operators General Insurance Co: Key Facts
Table 12: Co-operators General Insurance Co: Key Employees
Table 13: Co-operators General Insurance Co: Key Employees Continued
Table 14: Canada Size of Population (Million), 2020-24
Table 15: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Canada GDP (Current Prices, $ Billion), 2020-24
Table 17: Canada Inflation, 2020-24
Table 18: Canada Consumer Price Index (Absolute), 2020-24
Table 19: Canada Exchange Rate, 2019-24
List of Figures
Figure 1: Canada non-life insurance market value: $ billion, 2019-24
Figure 2: Canada non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Canada non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Canada non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Canada, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Canada, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Canada, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Canada, 2024

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