Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2016


#149968

197pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the Canadian personal accident and health insurance market, including:

  • The Canadian personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Canadian personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in Canada

Summary

In Canada, government programs are the primary source of healthcare. Canadas national health insurance program, known as medicare, provides universal coverage for physician and hospital services. Healthcare spending accounted for around 11% of GDP in Canada in 2011, higher than the OECD average of 9.5%. Personal accident and health insurance is the third-largest segment in Canadas insurance industry. The Canadian personal accident and health insurance segment registered strong growth during the review period. 

Scope

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

  • It provides historical values for Canadas personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Canadas personal accident and health insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions 
  • It analyses the various distribution channels for personal accident and health insurance products in Canada 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Canada for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in Canada and its growth prospects
  • 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 historic and forecast market data related to the Canadian personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Canadian personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Canadian insurance market and its impact on companies and the market's future

Key Highlights

  • In Canada, government programs are the primary source of healthcare.
  • Healthcare spending accounted for around 11% of GDP in Canada in 2011, higher than the OECD average of 9.5%.
  • Strong public sector control over the healthcare system has come under pressure in recent years, and an increase in the role played by the private sector in healthcare in Canada is being advocated by both industry operators and customers. 
  • Canada has experienced a sharp increase in the number of people above 60 years of age.
  • This rise is expected to impact the health insurance category over the forecast period, as the older population typically requires more healthcare services than younger age groups.