Life Insurance in Canada

Life Insurance in Canada

Code: ML-OHEC4126 | Published: Jan-2015 | Pages: 34 | MarketLine
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Life 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 life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2013 annual average exchange rates. 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

- The Canadian life insurance market is expected to generate total gross written premiums of $54.0bn in 2014, representing a compound annual growth rate (CAGR) of 1.8% between 2010 and 2014.

- The pension/annuity segment is expected to be the markets most lucrative in 2014, with total gross written premiums of $37.9bn, equivalent to 70.3% of the markets overall value.

- The performance of the market is forecast to accelerate, 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 $59.8bn by the end of 2019.

Key Findings
Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Canada

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Canada

Leading company profiles reveal details of key life insurance market players global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Canada life 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 life insurance market by value in 2014?

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

What factors are affecting the strength of competition in the Canada life 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 share 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 share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Great-West Lifeco Inc. 19
Manulife Financial Corporation 23
Sun Life Financial, Inc. 26
Macroeconomic Indicators 30
Country Data 30
Appendix 32
Methodology 32
Industry associations 33
Related MarketLine research 33

LIST OF TABLES
Table 1: Canada life insurance market value: $ billion, 2010-14 8
Table 2: Canada life insurance market category segmentation: $ billion, 2014 9
Table 3: Canada life insurance market geography segmentation: $ billion, 2014 10
Table 4: Canada life insurance market share: % share, by value, 2014 11
Table 5: Canada life insurance market value forecast: $ billion, 2014-19 12
Table 6: Great-West Lifeco Inc.: key facts 19
Table 7: Great-West Lifeco Inc.: key financials ($) 21
Table 8: Great-West Lifeco Inc.: key financials (C$) 21
Table 9: Great-West Lifeco Inc.: key financial ratios 21
Table 10: Manulife Financial Corporation: key facts 23
Table 11: Manulife Financial Corporation: key financials ($) 24
Table 12: Manulife Financial Corporation: key financials (C$) 24
Table 13: Manulife Financial Corporation: key financial ratios 24
Table 14: Sun Life Financial, Inc.: key facts 26
Table 15: Sun Life Financial, Inc.: key financials ($) 27
Table 16: Sun Life Financial, Inc.: key financials (C$) 27
Table 17: Sun Life Financial, Inc.: key financial ratios 28
Table 18: Canada size of population (million), 2010-14 30
Table 19: Canada gdp (constant 2005 prices, $ billion), 2010-14 30
Table 20: Canada gdp (current prices, $ billion), 2010-14 30
Table 21: Canada inflation, 2010-14 31
Table 22: Canada consumer price index (absolute), 2010-14 31
Table 23: Canada exchange rate, 2010-14 31

LIST OF FIGURES
Figure 1: Canada life insurance market value: $ billion, 2010-14 8
Figure 2: Canada life insurance market category segmentation: % share, by value, 2014 9
Figure 3: Canada life insurance market geography segmentation: % share, by value, 2014 10
Figure 4: Canada life insurance market share: % share, by value, 2014 11
Figure 5: Canada life insurance market value forecast: $ billion, 2014-19 12
Figure 6: Forces driving competition in the life insurance market in Canada, 2014 13
Figure 7: Drivers of buyer power in the life insurance market in Canada, 2014 14
Figure 8: Drivers of supplier power in the life insurance market in Canada, 2014 15
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2014 16
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Canada, 2014 17
Figure 11: Drivers of degree of rivalry in the life insurance market in Canada, 2014 18
Figure 12: Great-West Lifeco Inc.: revenues and profitability 22
Figure 13: Great-West Lifeco Inc.: assets and liabilities 22
Figure 14: Manulife Financial Corporation: revenues and profitability 25
Figure 15: Manulife Financial Corporation: assets and liabilities 25
Figure 16: Sun Life Financial, Inc.: revenues and profitability 28
Figure 17: Sun Life Financial, Inc.: assets and liabilities 29
Great-West Lifeco Inc., Manulife Financial Corporation and Sun Life Financial, Inc.

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