Key Market Indicators
Canadian Life Insurance Gross Written Premium is projected to hit $49 billion by 2028, a slight dip from the $50 billion forecast for 2023. This represents an average annual decline of 0.1%. Since 2015, the industry's supply has been decreasing at a rate of 0.2% year over year. The downward trend highlights ongoing challenges within the Canadian life insurance market over the past several years.
