Non-Life Insurance in Canada
Non-Life Insurance in Canada
Summary
Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 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
Summary
Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2019 annual average exchange rates.
- The Canadian non-life insurance market is expected to generate total gross written premiums of $76.5bn in 2020, representing a compound annual growth rate (CAGR) of 4.4% between 2016 and 2020.
- The motor segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $32.2bn, equivalent to 42.1% of the market's overall value.
- High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Canada
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada non-life insurance market with five year forecasts
- What was the size of the Canada non-life insurance market by value in 2020?
- What will be the size of the Canada non-life insurance market in 2025?
- What factors are affecting the strength of competition in the Canada non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. Intact Financial Corporation
8.2. Aviva Plc
8.3. Desjardins Group
8.4. The Co-Operators Group Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. Intact Financial Corporation
8.2. Aviva Plc
8.3. Desjardins Group
8.4. The Co-Operators Group Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Canada non-life insurance market value: $ billion, 2016-20(e)
Table 2: Canada non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Canada non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Canada non-life insurance market value forecast: $ billion, 2020-25
Table 5: Canada non-life insurance market share: % share, by value, 2020(e)
Table 6: Intact Financial Corporation: key facts
Table 7: Intact Financial Corporation: Key Employees
Table 8: Intact Financial Corporation: Key Employees Continued
Table 9: Aviva Plc: key facts
Table 10: Aviva Plc: Key Employees
Table 11: Aviva Plc: Key Employees Continued
Table 12: Desjardins Group: key facts
Table 13: Desjardins Group: Key Employees
Table 14: Desjardins Group: Key Employees Continued
Table 15: The Co-Operators Group Ltd: key facts
Table 16: The Co-Operators Group Ltd: Key Employees
Table 17: The Co-Operators Group Ltd: Key Employees Continued
Table 18: Canada size of population (million), 2016-20
Table 19: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 20: Canada gdp (current prices, $ billion), 2016-20
Table 21: Canada inflation, 2016-20
Table 22: Canada consumer price index (absolute), 2016-20
Table 23: Canada exchange rate, 2015-19
Table 1: Canada non-life insurance market value: $ billion, 2016-20(e)
Table 2: Canada non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Canada non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Canada non-life insurance market value forecast: $ billion, 2020-25
Table 5: Canada non-life insurance market share: % share, by value, 2020(e)
Table 6: Intact Financial Corporation: key facts
Table 7: Intact Financial Corporation: Key Employees
Table 8: Intact Financial Corporation: Key Employees Continued
Table 9: Aviva Plc: key facts
Table 10: Aviva Plc: Key Employees
Table 11: Aviva Plc: Key Employees Continued
Table 12: Desjardins Group: key facts
Table 13: Desjardins Group: Key Employees
Table 14: Desjardins Group: Key Employees Continued
Table 15: The Co-Operators Group Ltd: key facts
Table 16: The Co-Operators Group Ltd: Key Employees
Table 17: The Co-Operators Group Ltd: Key Employees Continued
Table 18: Canada size of population (million), 2016-20
Table 19: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 20: Canada gdp (current prices, $ billion), 2016-20
Table 21: Canada inflation, 2016-20
Table 22: Canada consumer price index (absolute), 2016-20
Table 23: Canada exchange rate, 2015-19
LIST OF FIGURES
Figure 1: Canada non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Canada non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Canada non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Canada non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Canada, 2020
Figure 11: Canada non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Intact Financial Corporation
Aviva Plc
Desjardins Group
The Co-Operators Group Ltd
Figure 1: Canada non-life insurance market value: $ billion, 2016-20(e)
Figure 2: Canada non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Canada non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Canada non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Canada, 2020
Figure 11: Canada non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Intact Financial Corporation
Aviva Plc
Desjardins Group
The Co-Operators Group Ltd
