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Synopsis
Timetric’s 'Personal Accident and Health Insurance in the Canada, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Canadian personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Canadian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s ' Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into Canadian personal accident and health insurance segment, including:

- Canadian personal accident and health insurance segment’s growth prospects by insurance category

- Key trends, drivers and challenges for the personal accident and health insurance segment

- A comprehensive overview of the Canadian economy and demographics

- Analysis of distribution channels in the Canadian personal accident and health insurance segment

- The competitive landscape in the Canadian personal accident and health insurance segment

- Details of regulatory policy applicable to the Canadian insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Canada:

- It provides historical values for the Canadian personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Canadian personal accident and health insurance segment, and market forecasts to 2019.

- Analysis of various distribution channels for personal accident and health insurance products in Canada.

- It profiles the top personal accident and health insurance companies in Canada, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Canadian personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Canadian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- Personal accident and health insurance accounted for 22.1% of the Canadian insurance industry’s gross written premium in 2014.

- This segment recorded a review-period CAGR of 5.6%.

- The health insurance category accounted for 95.9% of the segment's gross written premium in 2014, followed by personal accident insurance.

- Personal accident and health insurance’s low penetration, which stood at 1.1% in 2014, indicates a potential opportunity for private insurers.

- Canada has a large aging population, with the proportion of the population aged 65 and above rising from 15.5% in 2010 to 17.3% in 2014.

Table Of Contents

Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Health insurance
6 Analysis by Distribution Channel
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Canadian Personal Accident and Health Insurance Segment
7.2.1 Manulife Financial Corporation - company overview
7.2.2 The Great-West Life Assurance Company - company overview
7.2.3 Sun Life Financial Inc. - company overview
7.2.4 The Standard Life Assurance Company of Canada - company overview
7.2.5 RBC Life Insurance Company - company overview
7.2.6 Co-operators Life Insurance Company - company overview
7.2.7 BMO Life Insurance Company - company overview
7.2.8 The Empire Life Insurance Company - company overview
7.2.9 Transamerica Life Canada - company overview
7.2.10 The Equitable Life Insurance Company of Canada - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Marine liability insurance
8.4.3 Workmen's compensation
8.4.4 Aviation liability insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Office of the Superintendent of Financial Institutions Canada
8.5.3 Canadian Council of Insurance Regulators
8.5.4 Canadian Life and Health Insurance Association Inc.
8.5.5 Insurance Bureau of Canada
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: Canadian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Canadian Government Credit Ratings
Table 4: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (CAD Billion), 2010-2014
Table 5: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
Table 6: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (CAD Billion), 2014-2019
Table 7: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 8: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (CAD Billion), 2010-2014
Table 9: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 10: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (CAD Billion), 2014-2019
Table 11: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 12: Canadian Personal Accident and Health Insurance - Net Earned Premium (CAD Billion), 2010-2014
Table 13: Canadian Personal Accident and Health Insurance - Net Earned Premium (CAD Billion), 2014-2019
Table 14: Canadian Personal Accident and Health Insurance - Paid Claims by Category (CAD Billion), 2010-2014
Table 15: Canadian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2010-2014
Table 16: Canadian Personal Accident and Health Insurance - Paid Claims by Category (CAD Billion), 2014-2019
Table 17: Canadian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2014-2019
Table 18: Canadian Personal Accident and Health Insurance - Incurred Loss by Category (CAD Billion), 2010-2014
Table 19: Canadian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2010-2014
Table 20: Canadian Personal Accident and Health Insurance - Incurred Loss by Category (CAD Billion), 2014-2019
Table 21: Canadian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2014-2019
Table 22: Canadian Personal Accident and Health Insurance - Net Written Premium by Category (CAD Billion), 2010-2014
Table 23: Canadian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2010-2014
Table 24: Canadian Personal Accident and Health Insurance - Net Written Premium by Category (CAD Billion), 2014-2019
Table 25: Canadian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Billion), 2014-2019
Table 26: Canadian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 27: Canadian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 28: Canadian Personal Accident and Health Insurance - Commission and Expenses (CAD Billion), 2010-2014
Table 29: Canadian Personal Accident and Health Insurance - Commission and Expenses (CAD Billion), 2014-2019
Table 30: Canadian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 31: Canadian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 32: Canadian Personal Accident and Health Insurance - Number of Policies Per Capita, 2010-2014
Table 33: Canadian Personal Accident and Health Insurance - Number of Policies Per Capita, 2014-2019
Table 34: Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion), 2010-2014
Table 35: Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion), 2014-2019
Table 36: Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion), 2010-2014
Table 37: Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion), 2014-2019
Table 38: Canadian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Table 39: Canadian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
Table 40: Canadian Personal Accident Insurance - Number of Policies Sold (Thousand), 2010-2014
Table 41: Canadian Personal Accident Insurance - Number of Policies Sold (Thousand), 2014-2019
Table 42: Canadian Personal Accident Insurance - Direct Written Premium (CAD Billion), 2010-2014
Table 43: Canadian Personal Accident Insurance - Direct Written Premium (CAD Billion), 2014-2019
Table 44: Canadian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Table 45: Canadian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Table 46: Canadian Health Insurance - Gross Written Premium by Sub-Category (CAD Billion), 2010-2014
Table 47: Canadian Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2010-2014
Table 48: Canadian Health Insurance - Gross Written Premium by Sub-Category (CAD Billion), 2014-2019
Table 49: Canadian Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2014-2019
Table 50: Canadian Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Table 51: Canadian Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Table 52: Canadian Health Insurance - Direct Written Premium (CAD Billion), 2010-2014
Table 53: Canadian Health Insurance - Direct Written Premium (CAD Billion), 2014-2019
Table 54: Canadian Health Insurance - Paid Claims (CAD Billion), 2010-2014
Table 55: Canadian Health Insurance - Paid Claims (CAD Million), 2014-2019
Table 56: Canadian Health Insurance - Loss Ratio (%), 2010-2014
Table 57: Canadian Health Insurance - Loss Ratio (%), 2014-2019
Table 58: Canadian Health Insurance - Net Written Premium (CAD Million), 2010-2014
Table 59: Canadian Health Insurance - Net Written Premium (CAD Billion), 2014-2019
Table 60: Canadian Personal Accident and Health Insurance - Sales Force, 2010-2014
Table 61: Canadian Personal Accident and Health Insurance - Sales Force, 2014-2019
Table 62: Canadian Personal Accident and Health Insurance - Number of Banking Entities, 2010-2014
Table 63: Canadian Personal Accident and Health Insurance - Number of Banking Entities, 2014-2019
Table 64: Canadian Personal Accident and Health Insurance - Number of Insurance Agents, 2010-2014
Table 65: Canadian Personal Accident and Health Insurance - Number of Insurance Agents, 2014-2019
Table 66: Canadian Personal Accident and Health Insurance - Number of Insurance Brokers, 2010-2014
Table 67: Canadian Personal Accident and Health Insurance - Number of Insurance Brokers, 2014-2019
Table 68: Leading Companies in Canadian Personal Accident and Health Insurance Segment, 2014
Table 69: Manulife Financial Corporation - Key Facts
Table 70: Manulife Financial Corporation - Key Financials (CAD Million), 2010-2014
Table 71: The Great-West Life Assurance Company - Key Facts
Table 72: The Great-West Life Assurance Company - Key Financials (CAD Million), 2010-2014
Table 73: Sun Life Financial Inc. - Key Facts
Table 74: Sun Life Financial Inc. - Key Financials (CAD Million), 2010-2014
Table 75: The Standard Life Assurance Company of Canada - Key Facts
Table 76: The Standard Life Assurance Company of Canada - Key Financials (CAD Million), 2010-2014
Table 77: RBC Life Insurance Company - Key Facts
Table 78: RBC Life Insurance Company - Key Financials (CAD Million), 2010-2014
Table 79: Co-operators Life Insurance Company - Key Facts
Table 80: Co-operators Life Insurance Company - Key Financials (CAD Million), 2010-2014
Table 81: BMO Life Insurance Company - Key Facts
Table 82: BMO Life Insurance Company - Key Financials (CAD Million), 2010-2014
Table 83: The Empire Life Insurance Company - Key Facts
Table 84: The Empire Life Insurance Company - Key Financials (CAD Million), 2010-2014
Table 85: Transamerica Life Canada - Key Facts
Table 86: Transamerica Life Canada - Key Financials (CAD Million), 2010-2014
Table 87: The Equitable Life Insurance Company of Canada - Key Facts
Table 88: The Equitable Life Insurance Company of Canada - Key Financials (CAD Million), 2010-2014
Table 89: Canada - Insurance Regulatory Framework Key Features
Table 90: Canada - Life Insurance Regulatory Framework
Table 91: Canada - Property Insurance Regulatory Framework
Table 92: Canada - Motor Insurance Regulatory Framework
Table 93: Canada - Liability Insurance Regulatory Framework
Table 94: Canada - Legislations Governing Automobile Insurance in Each Province and Territory
Table 95: Canada - Workmen's Compensation
Table 96: Canada - Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
Table 97: Canada - Minimum Cover for Single-Limit Aircraft Liability Per Accident Per Aircraft
Table 98: Canada - Non-Admitted Insurance Regulatory Framework
Table 99: Canada - Capital Requirement for Insurers in Each Province and Territory
Table 100: Canada - Solvency Margin Requirements for Federally Regulated Insurance Companies
Table 101: Canada - Insurance Premium Taxation
Table 102: Canada - Corporate Tax Rates for the Financial Year 2015


List of Figures
Figure 1: Canadian Real GDP (CAD Billion), 2010-2019
Figure 2: CAD - US$ Exchange Rate, 2010-2019
Figure 3: Canadian Consumer Price Inflation, 2010-2019
Figure 4: Canadian Current Account Balance as Percentage of GDP (%), 2010-2019
Figure 5: Canadian Unemployment Rate, 2010-2019
Figure 6: Canadian Population by Age Group, 1991-2025
Figure 7: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (CAD Billion), 2010-2019
Figure 8: Canadian Personal Accident and Health Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Canadian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 10: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (CAD Billion), 2010-2019
Figure 11: Canadian Personal Accident and Health Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 12: Canadian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 13: Canadian Personal Accident and Health Insurance - Net Earned Premium (CAD Billion), 2010-2014
Figure 14: Canadian Personal Accident and Health Insurance - Net Earned Premium (CAD Billion), 2014-2019
Figure 15: Canadian Personal Accident and Health Insurance - Paid Claims by Category (CAD Billion), 2010-2019
Figure 16: Canadian Personal Accident and Health Insurance - Incurred Loss by Category (CAD Billion), 2010-2019
Figure 17: Canadian Personal Accident and Health Insurance - Net Written Premium by Category (CAD Billion), 2010-2019
Figure 18: Canadian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 19: Canadian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 20: Canadian Personal Accident and Health Insurance - Commission and Expenses (CAD Billion), 2010-2014
Figure 21: Canadian Personal Accident and Health Insurance - Commission and Expenses (CAD Billion), 2014-2019
Figure 22: Canadian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 23: Canadian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 24: Canadian Personal Accident and Health Insurance - Number of Policies Per Capita, 2010-2014
Figure 25: Canadian Personal Accident and Health Insurance - Number of Policies Per Capita, 2014-2019
Figure 26: Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion), 2010-2014
Figure 27: Canadian Personal Accident and Health Insurance - Total Assets (CAD Billion), 2014-2019
Figure 28: Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion), 2010-2014
Figure 29: Canadian Personal Accident and Health Insurance - Total Investment Income (CAD Billion), 2014-2019
Figure 30: Canadian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 31: Canadian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
Figure 32: Canadian Personal Accident and Health Insurance - Investment Portfolio (CAD Billion), 2010-2014
Figure 33: Canadian Personal Accident and Health Insurance - Investment Portfolio (% Share), 2010 and 2014
Figure 34: Canadian Personal Accident and Health Insurance Penetration (%), 2010-2014
Figure 35: Canadian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 36: Canadian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 37: Canadian Personal Accident and Health Insurance - Density (Direct Premium per Capita), 2010-2014
Figure 38: Canadian Personal Accident Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 39: Canadian Personal Accident Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 40: Canadian Personal Accident Insurance - Direct Written Premium (CAD Billion), 2010-2014
Figure 41: Canadian Personal Accident Insurance - Direct Written Premium (CAD Billion), 2014-2019
Figure 42: Canadian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Figure 43: Canadian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Figure 44: Canadian Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 45: Canadian Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 46: Canadian Health Insurance - Direct Written Premium (CAD Billion), 2010-2014
Figure 47: Canadian Health Insurance - Direct Written Premium (CAD Billion), 2014-2019
Figure 48: Canadian Health Insurance - Paid Claims (CAD Billion), 2010-2014
Figure 49: Canadian Health Insurance - Paid Claims (CAD Million), 2014-2019
Figure 50: Canadian Health Insurance - Loss Ratio (%), 2010-2014
Figure 51: Canadian Health Insurance - Loss Ratio (%), 2014-2019
Figure 52: Canadian Health Insurance - Net Written Premium (CAD Million), 2010-2014
Figure 53: Canadian Health Insurance - Net Written Premium (CAD Billion), 2014-2019
Figure 54: Canadian Personal Accident and Health Insurance - Sales Force, 2010-2014
Figure 55: Canadian Personal Accident and Health Insurance - Sales Force, 2014-2019
Figure 56: Canadian Personal Accident and Health Insurance - Number of Banking Entities, 2010-2014
Figure 57: Canadian Personal Accident and Health Insurance - Number of Banking Entities, 2014-2019
Figure 58: Canadian Personal Accident and Health Insurance - Number of Insurance Agents, 2010-2014
Figure 59: Canadian Personal Accident and Health Insurance - Number of Insurance Agents, 2014-2019
Figure 60: Canadian Personal Accident and Health Insurance - Number of Insurance Brokers, 2010-2014
Figure 61: Canadian Personal Accident and Health Insurance - Number of Insurance Brokers, 2014-2019
Figure 62: Canada - Insurance Supervision and Control at Various Levels
Figure 63: Canada - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 64: Canada - Solvency Framework in Different Provinces and Territories
Figure 65: Canada - Judiciary System

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