Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
SUMMARY
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.
- 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
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- 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?
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 leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Intact Financial Corp
8.2. Knights of Columbus
8.3. Globe Life Inc
8.4. Assurant Inc
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 leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Intact Financial Corp
8.2. Knights of Columbus
8.3. Globe Life Inc
8.4. Assurant Inc
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 insurance market value: $ billion, 2016–20
Table 2: Canada insurance market category segmentation: $ billion, 2020
Table 3: Canada insurance market geography segmentation: $ billion, 2020
Table 4: Canada insurance market value forecast: $ billion, 2020–25
Table 5: Canada insurance market share: % share, by value, 2020
Table 6: Intact Financial Corp: key facts
Table 7: Intact Financial Corp: Annual Financial Ratios
Table 8: Intact Financial Corp: Key Employees
Table 9: Intact Financial Corp: Key Employees Continued
Table 10: Knights of Columbus: key facts
Table 11: Knights of Columbus: Key Employees
Table 12: Globe Life Inc: key facts
Table 13: Globe Life Inc: Annual Financial Ratios
Table 14: Globe Life Inc: Key Employees
Table 15: Globe Life Inc: Key Employees Continued
Table 16: Assurant Inc: key facts
Table 17: Assurant Inc: Annual Financial Ratios
Table 18: Assurant Inc: Key Employees
Table 19: Assurant Inc: Key Employees Continued
Table 20: Canada size of population (million), 2016–20
Table 21: Canada gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Canada gdp (current prices, $ billion), 2016–20
Table 23: Canada inflation, 2016–20
Table 24: Canada consumer price index (absolute), 2016–20
Table 25: Canada exchange rate, 2016–20
Table 1: Canada insurance market value: $ billion, 2016–20
Table 2: Canada insurance market category segmentation: $ billion, 2020
Table 3: Canada insurance market geography segmentation: $ billion, 2020
Table 4: Canada insurance market value forecast: $ billion, 2020–25
Table 5: Canada insurance market share: % share, by value, 2020
Table 6: Intact Financial Corp: key facts
Table 7: Intact Financial Corp: Annual Financial Ratios
Table 8: Intact Financial Corp: Key Employees
Table 9: Intact Financial Corp: Key Employees Continued
Table 10: Knights of Columbus: key facts
Table 11: Knights of Columbus: Key Employees
Table 12: Globe Life Inc: key facts
Table 13: Globe Life Inc: Annual Financial Ratios
Table 14: Globe Life Inc: Key Employees
Table 15: Globe Life Inc: Key Employees Continued
Table 16: Assurant Inc: key facts
Table 17: Assurant Inc: Annual Financial Ratios
Table 18: Assurant Inc: Key Employees
Table 19: Assurant Inc: Key Employees Continued
Table 20: Canada size of population (million), 2016–20
Table 21: Canada gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Canada gdp (current prices, $ billion), 2016–20
Table 23: Canada inflation, 2016–20
Table 24: Canada consumer price index (absolute), 2016–20
Table 25: Canada exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Canada insurance market value: $ billion, 2016–20
Figure 2: Canada insurance market category segmentation: % share, by value, 2020
Figure 3: Canada insurance market geography segmentation: % share, by value, 2020
Figure 4: Canada insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Canada, 2020
Figure 11: Canada insurance market share: % share, by value, 2020
Figure 1: Canada insurance market value: $ billion, 2016–20
Figure 2: Canada insurance market category segmentation: % share, by value, 2020
Figure 3: Canada insurance market geography segmentation: % share, by value, 2020
Figure 4: Canada insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Canada, 2020
Figure 11: Canada insurance market share: % share, by value, 2020
