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Motor Insurance in Canada

  • December 2014
  • -
  • MarketLine
  • -
  • 34 pages

Introduction

Motor Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Canada motor insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects 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 creation of this profile have been calculated using constant 2013 annual average exchange rates. The motor insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.

*The Canadian motor insurance market is expected to generate total gross premium income of $36,939.0m in 2014, representing a compound annual growth rate (CAGR) of 3.2% between 2010 and 2014.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $40,948.0m by the end of 2019.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $40,948.0m by the end of 2019.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the motor insurance market in Canada

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motor insurance market in Canada

Leading company profiles reveal details of key motor insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Canada motor insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Canada economy

Key Questions Answered

What was the size of the Canada motor insurance market by value in 2014?

What will be the size of the Canada motor insurance market in 2019?

What factors are affecting the strength of competition in the Canada motor insurance market?

How has the market performed over the last five years?

Table Of Contents

Motor Insurance in Canada
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
Co-operators General Insurance Company 18
Desjardins Group 21
Industrial Alliance Insurance and Financial Services Inc. 24
Intact Financial Corporation 27
Macroeconomic Indicators 30
Country Data 30
Appendix 32
Methodology 32
Industry associations 33
Related MarketLine research 33

LIST OF TABLES
Table 1: Canada motor insurance market value: $ million, 2010-14(e) 8
Table 2: Canada motor insurance market category segmentation: $ million, 2014(e) 9
Table 3: Canada motor insurance market geography segmentation: $ million, 2014(e) 10
Table 4: Canada motor insurance market value forecast: $ million, 2014-19 11
Table 5: Co-operators General Insurance Company: key facts 18
Table 6: Co-operators General Insurance Company: key financials ($) 19
Table 7: Co-operators General Insurance Company: key financials (C$) 19
Table 8: Co-operators General Insurance Company: key financial ratios 19
Table 9: Desjardins Group: key facts 21
Table 10: Desjardins Group: key financials ($) 22
Table 11: Desjardins Group: key financials (C$) 22
Table 12: Desjardins Group: key financial ratios 22
Table 13: Industrial Alliance Insurance and Financial Services Inc.: key facts 24
Table 14: Industrial Alliance Insurance and Financial Services Inc.: key financials ($) 25
Table 15: Industrial Alliance Insurance and Financial Services Inc.: key financials (C$) 25
Table 16: Industrial Alliance Insurance and Financial Services Inc.: key financial ratios 25
Table 17: Intact Financial Corporation: key facts 27
Table 18: Intact Financial Corporation: key financials ($) 28
Table 19: Intact Financial Corporation: key financials (C$) 28
Table 20: Intact Financial Corporation: key financial ratios 28
Table 21: Canada size of population (million), 2010-14 30
Table 22: Canada gdp (constant 2005 prices, $ billion), 2010-14 30
Table 23: Canada gdp (current prices, $ billion), 2010-14 30
Table 24: Canada inflation, 2010-14 31
Table 25: Canada consumer price index (absolute), 2010-14 31
Table 26: Canada exchange rate, 2010-14 31

LIST OF FIGURES
Figure 1: Canada motor insurance market value: $ million, 2010-14(e) 8
Figure 2: Canada motor insurance market category segmentation: % share, by value, 2014(e) 9
Figure 3: Canada motor insurance market geography segmentation: % share, by value, 2014(e) 10
Figure 4: Canada motor insurance market value forecast: $ million, 2014-19 11
Figure 5: Forces driving competition in the motor insurance market in Canada, 2014 12
Figure 6: Drivers of buyer power in the motor insurance market in Canada, 2014 13
Figure 7: Drivers of supplier power in the motor insurance market in Canada, 2014 14
Figure 8: Factors influencing the likelihood of new entrants in the motor insurance market in Canada, 2014 15
Figure 9: Factors influencing the threat of substitutes in the motor insurance market in Canada, 2014 16
Figure 10: Drivers of degree of rivalry in the motor insurance market in Canada, 2014 17
Figure 11: Co-operators General Insurance Company: revenues and profitability 20
Figure 12: Co-operators General Insurance Company: assets and liabilities 20
Figure 13: Desjardins Group: revenues and profitability 23
Figure 14: Desjardins Group: assets and liabilities 23
Figure 15: Industrial Alliance Insurance and Financial Services Inc.: revenues and profitability 26
Figure 16: Industrial Alliance Insurance and Financial Services Inc.: assets and liabilities 26
Figure 17: Intact Financial Corporation: revenues and profitability 29
Figure 18: Intact Financial Corporation: assets and liabilities 29

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