Non-Life Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, 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 share, 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.
- The Canadian non-life insurance market had total gross written premiums of $85.3bn in 2020, representing a compound annual growth rate (CAGR) of 7.5% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $35.9bn, equivalent to 42.1% 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.
- 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 automotive aftermarket market by value in 2020?
- What will be the size of the Canada automotive aftermarket market in 2025?
- What factors are affecting the strength of competition in the Canada automotive aftermarket market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's automotive aftermarket 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. Desjardins Group
8.3. The Co-Operators Group Ltd
8.4. Aviva Plc
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. Desjardins Group
8.3. The Co-Operators Group Ltd
8.4. Aviva Plc
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
Table 2: Canada non–life insurance market category segmentation: $ billion, 2020
Table 3: Canada non–life insurance market geography segmentation: $ billion, 2020
Table 4: Canada non-life insurance market value forecast: $ billion, 2020–25
Table 5: Canada non-life 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: Desjardins Group: key facts
Table 11: Desjardins Group: Key Employees
Table 12: Desjardins Group: Key Employees Continued
Table 13: The Co-Operators Group Ltd: key facts
Table 14: The Co-Operators Group Ltd: Key Employees
Table 15: The Co-Operators Group Ltd: Key Employees Continued
Table 16: Aviva Plc: key facts
Table 17: Aviva Plc: Annual Financial Ratios
Table 18: Aviva Plc: Key Employees
Table 19: Aviva Plc: 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 non-life insurance market value: $ billion, 2016–20
Table 2: Canada non–life insurance market category segmentation: $ billion, 2020
Table 3: Canada non–life insurance market geography segmentation: $ billion, 2020
Table 4: Canada non-life insurance market value forecast: $ billion, 2020–25
Table 5: Canada non-life 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: Desjardins Group: key facts
Table 11: Desjardins Group: Key Employees
Table 12: Desjardins Group: Key Employees Continued
Table 13: The Co-Operators Group Ltd: key facts
Table 14: The Co-Operators Group Ltd: Key Employees
Table 15: The Co-Operators Group Ltd: Key Employees Continued
Table 16: Aviva Plc: key facts
Table 17: Aviva Plc: Annual Financial Ratios
Table 18: Aviva Plc: Key Employees
Table 19: Aviva Plc: 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 non-life insurance market value: $ billion, 2016–20
Figure 2: Canada non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Canada non–life insurance market geography segmentation: % share, by value, 2020
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
Figure 1: Canada non-life insurance market value: $ billion, 2016–20
Figure 2: Canada non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Canada non–life insurance market geography segmentation: % share, by value, 2020
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
