Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Canadian insurance market had total gross written premiums of $130.4bn in 2020, representing a compound annual growth rate (CAGR) of 6.2% between 2016 and 2020.
- The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $85.3bn, equivalent to 65.4% of the market's overall value.
- One of the main drivers of insurance spending is consumer confidence, which has been greatly hampered in Canada in 2020 due to the COVID-19 pandemic. However, an increase in disposable incomes during the same period has encouraged consumers to invest in insurance policies, supporting growth in the market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 by both value and volume
Reasons to Buy
- What was the size of the Canada machinery market by value in 2020?
- What will be the size of the Canada machinery market in 2025?
- What factors are affecting the strength of competition in the Canada machinery market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's machinery market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Intact Financial Corp
- Knights of Columbus
- Globe Life Inc
- Assurant Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 47 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 130.38 Billion |
| Forecasted Market Value ( USD | $ 160.95 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Canada |
