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Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Canada Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Canadian personal accident and health insurance segment, and a comparison of the Canadian insurance industry with its regional counterparts.

It provides 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, 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 'Personal Accident and Health Insurance in Canada Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Canadian personal accident and health insurance segment, including:

  • An overview of the Canadian personal accident and health insurance segment
  • The Canadian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Canadian economy and demographics
  • A comparison of the Canadian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Canadian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Canada
  • Details of regulatory policy applicable to the Canadian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Canada:
  • It provides historical values for the Canadian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Canadian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Canada.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • Canada witnessed a steady increase in healthcare spending during the review period.
  • The leading cost drivers in health spending are drugs, hospitals and physicians, which accounted for 60.7% of the total health expenditures in 2015.
  • Rising outbound tourism is expected to drive demand for travel insurance.
  • Life expectancy in Canada rose from 81.4 years in 2011 to 81.8 years in 2015, and is projected to increase further over the forecast period.


  • Key Facts and Highlights
    • Table Canadian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Canadian Leading Companies in Canadian Personal Accident and Health Insurance Segment, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Canadian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Canadian Personal Accident and Health Insurance - Gross Written Premium (CAD Billion and US$ Billion), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Gross Written Premium (CAD Billion and US$ Billion), 2015-2020
        • Table Canadian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Canadian Personal Accident and Health Insurance - Premium per Capita (CAD and US$), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Premium per Capita (CAD and US$), 2015-2020
      • Claims
        • Table Canadian Personal Accident and Health Insurance - Paid Claims (CAD Billion and US$ Billion), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Paid Claims (CAD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Canadian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion and US$ Billion), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion and US$ Billion), 2015-2020
        • Table Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion and US$ Billion), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion and US$ Billion), 2015-2020
        • Table Canadian Personal Accident and Health Insurance - Investment Portfolio (CAD Billion), 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Investment Portfolio (CAD Billion), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Canadian Leading Companies in Canadian Personal Accident and Health Insurance Segment, 2014
    • Company Profiles
      • Manulife Financial Corporation - company overview
        • Table Manulife Financial Corporation - Key Facts
        • Table Manulife Financial Corporation - Key Financials (CAD Million), 2010-2014
      • The Great-West Life Assurance Company - company overview
        • Table The Great-West Life Assurance Company - Key Facts
        • Table The Great-West Life Assurance Company - Key Financials (CAD Million), 2010-2014
      • Sun Life Financial Inc - company overview
        • Table Sun Life Financial Inc. - Key Facts
        • Table Sun Life Financial Inc. - Key Financials (CAD Million), 2010-2014
      • The Standard Life Assurance Company of Canada - company overview
        • Table The Standard Life Assurance Company of Canada - Key Facts
        • Table The Standard Life Assurance Company of Canada - Key Financials (CAD Million), 2010-2014
      • RBC Life Insurance Company - company overview
        • Table RBC Life Insurance Company - Key Facts
        • Table RBC Life Insurance Company - Key Financials (CAD Million), 2010-2014
      • Co-operators Life Insurance Company - company overview
        • Table Co-operators Life Insurance Company - Key Facts
        • Table Co-operators Life Insurance Company - Key Financials (CAD Million), 2010-2014
      • BMO Life Insurance Company - company overview
        • Table BMO Life Insurance Company - Key Facts
        • Table BMO Life Insurance Company - Key Financials (CAD Million), 2010-2014
      • The Empire Life Insurance Company - company overview
        • Table The Empire Life Insurance Company - Key Facts
        • Table BMO Life Insurance Company - Key Financials (CAD Million), 2010-2014
      • Transamerica Life Canada - company overview
        • Table Transamerica Life Canada - Key Facts
        • Table Transamerica Life Canada - Key Financials (CAD Million), 2010-2014
      • The Equitable Life Insurance Company of Canada - company overview
        • Table The Equitable Life Insurance Company of Canada - Key Facts
        • Table The Equitable Life Insurance Company of Canada - Key Financials (CAD Million), 2010-2014
  • 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 Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Canadian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Canadian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Canadian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Canadian Personal Accident and Health Insurance - Assets and Investments, 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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