Includes 3 FREE quarterly updates
As of early 2013, the strength and dynamism of Canada's insurance sector remains obvious. The life companies are world-class, multi-faceted financial services organisations that clearly have the capacity to sustain growth almost regardless of developments in the Canadian life segment. The non-life companies are benefiting from improved profitability, thanks in part to their pricing power and in part to the motor insurance reforms in Ontario.
Key Insights And Key Risks
Although the details vary from quarter to quarter, newsflow from Canada's insurance sector continues, in early 2013, to highlight its strength and dynamism. In both the non-life and the life segment, the main players have scale, access to capital (even if they are mutuals), financial strength, well recognised brands, and clearly enunciated strategies for growth. In each case, business is developing as a result of at least one of the following factors: increased numbers of policies and policy-holders; firming prices; changes to distribution arrangements; product innovation; acquisition of rival businesses in Canada, and expansion in markets overseas in ways that exploit the competitive advantage of the company in question. As has been the case for a while, a major challenge comes from pervasive low interest rates and, for some companies, the general volatility of equity markets.
As of early 2013, the strength and dynamism of Canada's insurance sector remains obvious. The life companies are world-class, multi-faceted financial services organisations that clearly have the capacity to sustain growth almost regardless of developments in the Canadian life segment. The non-life companies are benefiting from improved profitability, thanks in part to their pricing power and in part to the motor insurance reforms in Ontario.
Key Insights And Key Risks
Although the details vary from quarter to quarter, newsflow from Canada's insurance sector continues, in early 2013, to highlight its strength and dynamism. In both the non-life and the life segment, the main players have scale, access to capital (even if they are mutuals), financial strength, well recognised brands, and clearly enunciated strategies for growth. In each case, business is developing as a result of at least one of the following factors: increased numbers of policies and policy-holders; firming prices; changes to distribution arrangements; product innovation; acquisition of rival businesses in Canada, and expansion in markets overseas in ways that exploit the competitive advantage of the company in question. As has been the case for a while, a major challenge comes from pervasive low interest rates and, for some companies, the general volatility of equity markets.
BMI Industry View
Table: Total Premiums, 2010-2017
SWOT
Insurance
Economic
Political
Industry Forecast
Life
Table: Total Life Premiums, 2010-2017
Non Life
Table: Total Non Life Premiums, 2010-2017
Industry Risk Reward Ratings
Developed States Insurance Risk/Reward Ratings
Table: Developed States Insurance Risk/Reward Ratings
Canada Insurance Risk Reward Ratings
Table: Canada's Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers And Risk Management Projections
Population
Table: Insurance Key Drivers, Demographics 2010-2017
Non Life Growth Drivers And Risk Management Projections
Macroeconomic Outlook
Table: Canada - GDP By Expenditure, Real Growth %
Political Stability Outlook
Table: Developed States Security Risk Ratings (scores out of 100, with 100 the best)
Healthcare Insurance
Epidemiology
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
Autos
Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Company Profile
Desjardins Financial Security/Desjardins General Insurance
Economical Insurance
Fairfax Financial Holdings
Great-West Lifeco Inc
Intact Financial Corporation
Manulife Financial
RBC Insurance
RSA
Standard Life
Sun Life Financial
Wawanesa Insurance
Regional Overview
Developed States Life Sector Overview
Table: Developed States Life Premiums, 2010-2017
Developed States Non Life Sector Overview
Table: Developed States Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
Table: Canada's Population By Age Group, 1990-2020 ('000)
Table: Canada's Population By Age Group, 1990-2020 (% of total)
Table: Canada's Key Population Ratios, 1990-2020
Table: Canada's Rural And Urban Population, 1990-2020
Methodology
Insurance Risk/Reward Ratings
Table: Insurance Risk/Reward Ratings Indicators And Rationale
Weighting
Table: Weighting Of Indicators
Table: Total Premiums, 2010-2017
SWOT
Insurance
Economic
Political
Industry Forecast
Life
Table: Total Life Premiums, 2010-2017
Non Life
Table: Total Non Life Premiums, 2010-2017
Industry Risk Reward Ratings
Developed States Insurance Risk/Reward Ratings
Table: Developed States Insurance Risk/Reward Ratings
Canada Insurance Risk Reward Ratings
Table: Canada's Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers And Risk Management Projections
Population
Table: Insurance Key Drivers, Demographics 2010-2017
Non Life Growth Drivers And Risk Management Projections
Macroeconomic Outlook
Table: Canada - GDP By Expenditure, Real Growth %
Political Stability Outlook
Table: Developed States Security Risk Ratings (scores out of 100, with 100 the best)
Healthcare Insurance
Epidemiology
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
Autos
Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Company Profile
Desjardins Financial Security/Desjardins General Insurance
Economical Insurance
Fairfax Financial Holdings
Great-West Lifeco Inc
Intact Financial Corporation
Manulife Financial
RBC Insurance
RSA
Standard Life
Sun Life Financial
Wawanesa Insurance
Regional Overview
Developed States Life Sector Overview
Table: Developed States Life Premiums, 2010-2017
Developed States Non Life Sector Overview
Table: Developed States Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
Table: Canada's Population By Age Group, 1990-2020 ('000)
Table: Canada's Population By Age Group, 1990-2020 (% of total)
Table: Canada's Key Population Ratios, 1990-2020
Table: Canada's Rural And Urban Population, 1990-2020
Methodology
Insurance Risk/Reward Ratings
Table: Insurance Risk/Reward Ratings Indicators And Rationale
Weighting
Table: Weighting Of Indicators
