Insurance in Canada

Insurance in Canada

Code: ML-OHEC2893 | Published: Feb-2015 | Pages: 38 | MarketLine
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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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The 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 growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.

- The Canadian insurance market is expected to generate total gross written premiums of $128.2bn in 2014, representing a compound annual growth rate (CAGR) of 3% between 2010 and 2014.

- The non-life insurance segment is expected to be the markets most lucrative in 2014, with total gross written premiums of $74.2bn, equivalent to 57.9% of the markets overall value.

- The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.7% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $146.8bn by the end of 2019.

Key Findings
Save time carrying out entry-level research by identifying the size, growth, 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

Macroeconomic indicators provide insight into general trends within the Canada economy

Reasons To Buy
What was the size of the Canada insurance market by value in 2014?

What will be the size of the Canada insurance market in 2019?

What factors are affecting the strength of competition in the Canada insurance market?

How has the market performed over the last five years?

Table of Contents

TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
Sun Life Financial, Inc. 20
The Great-West Life Assurance Company 24
Manufacturers Life Insurance Company 28
Intact Financial Corporation 29
Macroeconomic Indicators 33
Country Data 33
Methodology 35
Industry associations 36
Related MarketLine research 36
Appendix 37
About MarketLine 37

LIST OF TABLES
Table 1: Canada insurance market value: $ billion, 2010-14(e) 8
Table 2: Canada insurance market category segmentation: $ billion, 2014(e) 9
Table 3: Canada insurance market geography segmentation: $ billion, 2014(e) 10
Table 4: Canada insurance market value forecast: $ billion, 2014-19 11
Table 5: Sun Life Financial, Inc.: key facts 20
Table 6: Sun Life Financial, Inc.: key financials ($) 21
Table 7: Sun Life Financial, Inc.: key financials (C$) 21
Table 8: Sun Life Financial, Inc.: key financial ratios 22
Table 9: The Great-West Life Assurance Company: key facts 24
Table 10: The Great-West Life Assurance Company: key financials ($) 26
Table 11: The Great-West Life Assurance Company: key financials (C$) 26
Table 12: The Great-West Life Assurance Company: key financial ratios 26
Table 13: Manufacturers Life Insurance Company: key facts 28
Table 14: Intact Financial Corporation: key facts 29
Table 15: Intact Financial Corporation: key financials ($) 30
Table 16: Intact Financial Corporation: key financials (C$) 30
Table 17: Intact Financial Corporation: key financial ratios 31
Table 18: Canada size of population (million), 2010-14 33
Table 19: Canada gdp (constant 2005 prices, $ billion), 2010-14 33
Table 20: Canada gdp (current prices, $ billion), 2010-14 33
Table 21: Canada inflation, 2010-14 34
Table 22: Canada consumer price index (absolute), 2010-14 34
Table 23: Canada exchange rate, 2010-14 34

LIST OF FIGURES
Figure 1: Canada insurance market value: $ billion, 2010-14(e) 8
Figure 2: Canada insurance market category segmentation: % share, by value, 2014(e) 9
Figure 3: Canada insurance market geography segmentation: % share, by value, 2014(e) 10
Figure 4: Canada insurance market value forecast: $ billion, 2014-19 11
Figure 5: Forces driving competition in the insurance market in Canada, 2014 12
Figure 6: Drivers of buyer power in the insurance market in Canada, 2014 13
Figure 7: Drivers of supplier power in the insurance market in Canada, 2014 15
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2014 17
Figure 9: Factors influencing the threat of substitutes in the insurance market in Canada, 2014 18
Figure 10: Drivers of degree of rivalry in the insurance market in Canada, 2014 19
Figure 11: Sun Life Financial, Inc.: revenues and profitability 22
Figure 12: Sun Life Financial, Inc.: assets and liabilities 23
Figure 13: The Great-West Life Assurance Company: revenues and profitability 27
Figure 14: The Great-West Life Assurance Company: assets and liabilities 27
Figure 15: Intact Financial Corporation: revenues and profitability 31
Figure 16: Intact Financial Corporation: assets and liabilities 32
Sun Life Financial, Inc., The Great-West Life Assurance Company, Manufacturers Life Insurance Company and Intact Financial Corporation

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