Life Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
Life Insurance in Canada - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Canadian life insurance market had total gross written premiums of $45.1bn in 2020, representing a compound annual growth rate (CAGR) of 3.9% between 2016 and 2020.
- The Pension/Annuity segment was the market's most lucrative in 2020, with total gross written premiums of $34.5bn, equivalent to 76.4% of the market's overall value.
- Demographic factors, such as an aging population, are likely to stimulate growth in the Canadian market going forwards due to an increase in demand for life insurance and retirement savings plans.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Canada
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada life insurance market with five year forecasts
- What was the size of the Canada life insurance market by value in 2020?
- What will be the size of the Canada life insurance market in 2025?
- What factors are affecting the strength of competition in the Canada life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's 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 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. Knights of Columbus
8.2. Assurant Inc
8.3. Globe Life Inc
8.4. New York Life Insurance Co
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. Knights of Columbus
8.2. Assurant Inc
8.3. Globe Life Inc
8.4. New York Life Insurance Co
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 life insurance market value: $ billion, 2016-20
Table 2: Canada life insurance market category segmentation: $ billion, 2020
Table 3: Canada life insurance market geography segmentation: $ billion, 2020
Table 4: Canada life insurance market value forecast: $ billion, 2020-25
Table 5: Canada life insurance market share: % share, by value, 2020
Table 6: Knights of Columbus: key facts
Table 7: Knights of Columbus: Key Employees
Table 8: Assurant Inc: key facts
Table 9: Assurant Inc: Annual Financial Ratios
Table 10: Assurant Inc: Key Employees
Table 11: Assurant Inc: Key Employees Continued
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: New York Life Insurance Co: key facts
Table 17: New York Life Insurance Co: Key Employees
Table 18: New York Life Insurance Co: Key Employees Continued
Table 19: Canada size of population (million), 2016-20
Table 20: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 21: Canada gdp (current prices, $ billion), 2016-20
Table 22: Canada inflation, 2016-20
Table 23: Canada consumer price index (absolute), 2016-20
Table 24: Canada exchange rate, 2016-20
Table 1: Canada life insurance market value: $ billion, 2016-20
Table 2: Canada life insurance market category segmentation: $ billion, 2020
Table 3: Canada life insurance market geography segmentation: $ billion, 2020
Table 4: Canada life insurance market value forecast: $ billion, 2020-25
Table 5: Canada life insurance market share: % share, by value, 2020
Table 6: Knights of Columbus: key facts
Table 7: Knights of Columbus: Key Employees
Table 8: Assurant Inc: key facts
Table 9: Assurant Inc: Annual Financial Ratios
Table 10: Assurant Inc: Key Employees
Table 11: Assurant Inc: Key Employees Continued
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: New York Life Insurance Co: key facts
Table 17: New York Life Insurance Co: Key Employees
Table 18: New York Life Insurance Co: Key Employees Continued
Table 19: Canada size of population (million), 2016-20
Table 20: Canada gdp (constant 2005 prices, $ billion), 2016-20
Table 21: Canada gdp (current prices, $ billion), 2016-20
Table 22: Canada inflation, 2016-20
Table 23: Canada consumer price index (absolute), 2016-20
Table 24: Canada exchange rate, 2016-20
LIST OF FIGURES
Figure 1: Canada life insurance market value: $ billion, 2016-20
Figure 2: Canada life insurance market category segmentation: % share, by value, 2020
Figure 3: Canada life insurance market geography segmentation: % share, by value, 2020
Figure 4: Canada life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the life insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the life insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Canada, 2020
Figure 11: Canada life insurance market share: % share, by value, 2020
Figure 1: Canada life insurance market value: $ billion, 2016-20
Figure 2: Canada life insurance market category segmentation: % share, by value, 2020
Figure 3: Canada life insurance market geography segmentation: % share, by value, 2020
Figure 4: Canada life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Canada, 2020
Figure 6: Drivers of buyer power in the life insurance market in Canada, 2020
Figure 7: Drivers of supplier power in the life insurance market in Canada, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Canada, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Canada, 2020
Figure 11: Canada life insurance market share: % share, by value, 2020
