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  5. > Life Insurance in Canada

Life Insurance in Canada

  • January 2016
  • -
  • MarketLine
  • -
  • 33 pages

Introduction

Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The 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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

- The Canadian life insurance market is expected to generate total gross written premiums of $52.9bn in 2015, representing a compound annual growth rate (CAGR) of 3.2% between 2011 and 2015.

- The pension/annuity segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $37.1bn, equivalent to 70.1% of the market's overall value.

- The Canadian life insurance market has largely been protected from interest rate fluctuations in recent years due to product repositioning and an increased focus on hedging.

Features

- 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

- Macroeconomic indicators provide insight into general trends within the Canada economy

Key Questions Answered

- What was the size of the Canada life insurance market by value in 2015?

- What will be the size of the Canada life insurance market in 2020?

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

- How has the market performed over the last five years?

- Who are the top competitiors in Canada's life insurance market?

Table Of Contents

Life Insurance in Canada
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 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 share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Assurant, Inc 19
Knights of Columbus 23
Liberty National Life Insurance Company 24
New York Life Insurance Company 25
Macroeconomic Indicators 28
Country Data 28
Methodology 30
Industry associations 31
Related MarketLine research 31
Appendix 32
About MarketLine 32

List of Tables
Table 1: Canada life insurance market value: $ billion, 2011-15(e)
Table 2: Canada life insurance market category segmentation: $ billion, 2015(e)
Table 3: Canada life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Canada life insurance market share: % share, by value, 2015(e)
Table 5: Canada life insurance market value forecast: $ billion, 2015-20
Table 6: Assurant, Inc: key facts
Table 7: Assurant, Inc: key financials ($)
Table 8: Assurant, Inc: key financial ratios
Table 9: Knights of Columbus: key facts
Table 10: Liberty National Life Insurance Company: key facts
Table 11: New York Life Insurance Company: key facts
Table 12: New York Life Insurance Company: key financials ($)
Table 13: New York Life Insurance Company: key financial ratios
Table 14: Canada size of population (million), 2011-15
Table 15: Canada gdp (constant 2005 prices, $ billion), 2011-15
Table 16: Canada gdp (current prices, $ billion), 2011-15
Table 17: Canada inflation, 2011-15
Table 18: Canada consumer price index (absolute), 2011-15
Table 19: Canada exchange rate, 2011-15

List of Figures
Figure 1: Canada life insurance market value: $ billion, 2011-15(e)
Figure 2: Canada life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Canada life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Canada life insurance market share: % share, by value, 2015(e)
Figure 5: Canada life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in Canada, 2015
Figure 7: Drivers of buyer power in the life insurance market in Canada, 2015
Figure 8: Drivers of supplier power in the life insurance market in Canada, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Canada, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Canada, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in Canada, 2015
Figure 12: Assurant, Inc: revenues and profitability
Figure 13: Assurant, Inc: assets and liabilities
Figure 14: New York Life Insurance Company: revenues and profitability
Figure 15: New York Life Insurance Company: assets and liabilities

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