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Non-Life Insurance in Canada, Key Trends and Opportunities to 2020

Non-Life Insurance in Canada, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Canada Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Canadian non-life insurance segment, and a comparison of the Canadian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Canadian economy and demographics, explains the various types of natural hazard and their impact on the Canadian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Canada Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Canadian non-life insurance segment, including:

  • The Canadian non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Canadian economy and demographics
  • A comparison of the Canadian non-life insurance segment with its regional counterparts
  • The various distribution channels in the Canadian non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Canadian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Canada
  • Details of regulatory policy applicable to the Canadian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Canada:
  • It provides historical values for the Canadian non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Canadian non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Canadian non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Canada.
  • It analyzes various natural and man-made hazards and their impact on the Canadian insurance industry
  • It profiles the top non-life insurance companies in Canada, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Canadian non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Canadian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In November 2015, RSA Canada launched Waterproof, an insurance policy that covers fresh water flooding.
  • Property insurance was the largest category in terms of gross written premium, and accounted for 44.6% of the segment’s gross written premium in 2015.
  • Third-party liability insurance for all motor vehicles in respect of bodily injury and property damage is compulsory in all Canadian provinces and territories.
  • Marine, aviation and transit insurance was the smallest category in the Canadian non-life segment in 2015.


  • Key Facts and Highlights
    • Table Canadian Non-Life Insurance – Key Facts, 2015
    • Table Canadian Non-Life Insurance – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Canadian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Canadian Non-Life Insurance – Gross Written Premium (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Non-Life Insurance – Penetration (%), 2011–2015
        • Table Canadian Non-Life Insurance – Gross Written Premium (CAD Billion and US$ Billion), 2015–2020
        • Table Canadian Non-Life Insurance – Penetration (%), 2015–2020
        • Table Canadian Non-Life Insurance – Premium per Capita (CAD and US$), 2011–2015
        • Table Canadian Non-Life Insurance – Premium per Capita (CAD and US$), 2015–2020
      • Policies sold
        • Table Canadian Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Canadian Non-Life Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Canadian Non-Life Insurance – Paid Claims (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Non-Life Insurance – Paid Claims (CAD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Canadian Non-Life Insurance – Profitability Ratio (%), 2011–2015
        • Table Canadian Non-Life Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Canadian Non-Life Insurance – Total Assets (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Non-Life Insurance – Total Assets (CAD Billion and US$ Billion), 2015–2020
        • Table Canadian Non-Life Insurance – Total Investment Income (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Non-Life Insurance – Total Investment Income (CAD Billion and US$ Billion), 2015–2020
        • Table Canadian Non-Life Insurance – Investment Portfolio (CAD Billion), 2011–2015
        • Table Canadian Non-Life Insurance – Investment Portfolio (CAD Billion), 2015–2020
  • Outlook by Category
    • Table Canadian Non-Life Insurance – Direct Written Premium by Category (CAD Billion), 2011–2015
    • Table Canadian Non-Life Insurance – Direct Written Premium by Category (CAD Billion), 2015–2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Canadian Property Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2011–2015
        • Table Canadian Property Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2015–2020
      • Policies sold
        • Table Canadian Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Canadian Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Canadian Property Insurance – Paid Claims (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Property Insurance – Paid Claims (CAD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Canadian Property Insurance – Loss Ratio (%), 2011–2015
        • Table Canadian Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Canadian Motor Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2011–2015
        • Table Canadian Motor Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2015–2020
      • Policies sold
        • Table Canadian Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Canadian Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Canadian Motor Insurance – Paid Claims (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Motor Insurance – Paid Claims (CAD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Canadian Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Canadian Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Canadian Liability Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2011–2015
        • Table Canadian Liability Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2015–2020
      • Policies sold
        • Table Canadian Liability Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Canadian Liability Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Canadian Liability Insurance – Paid Claims (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Liability Insurance – Paid Claims (CAD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Canadian Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Canadian Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Canada Transport Network – Global Rankings
      • Premium
        • Table Canadian Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2011–2015
        • Table Canadian Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (CAD Billion), 2015–2020
      • Policies sold
        • Table Canadian Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Canadian Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Canadian Marine, Aviation and Transit Insurance – Paid Claims (CAD Billion and US$ Billion), 2011–2015
        • Table Canadian Marine, Aviation and Transit Insurance – Paid Claims (CAD Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Canadian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Canadian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Brokers
      • Agencies
      • Direct Marketing
      • Bancassurance
      • E-commerce
  • Natural and Man-made Hazards
    • Flooding
    • Storm
    • Earthquakes
    • Wildfires
    • Exposure
  • Competitive Landscape
    • Table Canadian Insurance Industry – Market Shares of Leading Insurers (%), 2014
    • Company Profiles
      • Intact Insurance Company – company overview
        • Table Insurance Company – Key Facts
        • Table Intact Insurance Company – Key Financials (US$ Million), 2011–2015
      • Aviva Insurance Company of Canada – company overview
        • Table Aviva Insurance Company of Canada – Key Facts
        • Table Aviva Insurance Company of Canada – Key Financials (US$ Million), 2011–2015
      • Lloyd's Underwriters – company overview
        • Table Lloyd's Underwriters – Key Facts
        • Table Lloyd's Underwriters – Key Financials (US$ Million), 2011–2015
      • Security National Insurance Company – company overview
        • Table Security National Insurance Company – Key Facts
        • Table Security National Insurance Company – Key Financials (US$ Million), 2011–2015
      • The Wawanesa Mutual Insurance Company – company overview
        • Table The Wawanesa Mutual Insurance Company – Key Facts
        • Table The Wawanesa Mutual Insurance Company – Key Financials (US$ Million), 2011–2015
  • Governance, Risk and Compliance
    • Table Canada – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Canada – Life Insurance Regulatory Framework
      • Property insurance
        • Table Canada – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Canada – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Canada – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table Canada – Legislations Governing Automobile Insurance in Each Province and Territory
      • Marine liability insurance
      • Workmen's compensation
        • Table Canada – Workmen's Compensation
      • Aviation liability insurance
        • Table Canada – Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
        • Table Canada – –Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
      • Liability insurance for ships with respect to oil pollution
      • Professional indemnity insurance for insurance brokers
      • Liability insurance for medical malpractice
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Office of the Superintendent of Financial Institutions Canada
      • Canadian Council of Insurance Regulators
      • Canadian Life and Health Insurance Association Inc
      • Insurance Bureau of Canada
    • Non-Admitted Insurance Regulations
      • Overview
        • Table Canada – Non-Admitted Insurance Regulatory Framework
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Canada – Capital Requirement for Insurers in Each Province and Territory
      • Solvency margins
        • Table Canada – Solvency Margin Requirements for Federally Regulated Insurance Companies
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Canada – Insurance Premium Taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Canada – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Canadian Insurance Industry – Policies and Premium, 2011–2015
      • Table Canadian Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Canadian Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table Canadian Non-Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Canadian Non-Life Insurance – Assets and Investments, 2011–2015
      • Table Canadian Non-Life Insurance – Assets and Investments, 2015–2020
    • Property Insurance
      • Table Canadian Non-Life Insurance – Property Insurance, 2011–2015
      • Table Canadian Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table Canadian Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table Canadian Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table Canadian Non-Life Insurance – Motor Insurance, 2011–2015
      • Table Canadian Non-Life Insurance – Motor Insurance, 2015–2020
    • Motor Insurance by Product
      • Table Canadian Non-Life Insurance – Motor Insurance by Product, 2011–2015
      • Table Canadian Non-Life Insurance – Motor Insurance by Product, 2015–2020
    • Liability Insurance
      • Table Canadian Non-Life Insurance – Liability Insurance, 2011–2015
      • Table Canadian Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table Canadian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table Canadian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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