Life Insurance in Canada, Key Trends and Opportunities to 2017


#185781

262pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in-depth market analysis, information and insights into the Canadian life insurance segment, including:

  • The Canadian life insurance segment’s growth prospects by life insurance categories
  • Key trends and drivers for the life insurance segment
  • The various distribution channels in the Canadian life insurance segment
  • The detailed competitive landscape in the life insurance segment in Canada
  • Regulatory policies of the Canadian insurance industry
  • A description of the life reinsurance segment in Canada
  • Porter's Five Forces analysis of the life insurance segment
  • A benchmarking section on the Canadian life insurance segment in comparison with other countries with US$60–US$150 billion in gross written premium
Executive summary

The Canadian life insurance segment registered a review-period (2008−2012) compound annual growth rate (CAGR) of 2.3% despite a prolonged period of low interest rates, rising levels of household debt, the European debt crisis and weak economic development. Growth was partially a consequence of re-pricing and de-risking practices adopted by insurers, which eventually strengthened their capital positions and balance sheets. Growth was compounded by the strong performance of the equity market, low unemployment rates and inflation. These factors are expected to support the growth of the segment over the forecast period (2012−2017). As such, the segment is expected to increase from a value of CAD40.2 billion (US$40.2 billion) in 2012 to CAD49.0 billion (US$47.3 billion) in 2017, at a projected CAGR of 4.1%. Numerous challenges will be faced however, with persistently low interest rates over the early part of the forecast period and regulatory challenges relating to capital and solvency margins being the main issues.

Scope

This report provides a comprehensive analysis of the life insurance segment in Canada:

  • It provides historical values for the Canadian life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period.
  • It offers a detailed analysis of the key categories in the Canadian life insurance segment, along with market forecasts until 2017.
  • 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 life insurance products in Canada.
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Canada for the life insurance business.
  • It provides a detailed analysis of the reinsurance segment in Canada and its growth prospects.
  • It profiles the top life 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 life insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Canadian life insurance segment
  • Assess the competitive dynamics in the life insurance segment, 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 industry and its impact on companies and the market's future

Key highlights

  • The Canadian life segment has remained resilient to the volatility of the financial markets and uncertain economic conditions following the financial and the European debt crisis during the review period.
  • The segment is open to foreign insurers and therefore has access to capital from foreign sources.
  • The introduced PRPPs are expected to provide accessible and low-cost retirement savings for Canadians who do not participate in an employer’s sponsored pension plan
  • The three largest Canadian life insurers are among the top 15 in the world in terms of stock market capitalization.
  • The Canadian life insurance segment’s minimum continuing capital and surplus requirements (MCCSR) ratio stood at 212% in 2013, significantly above OSFI’s requirement of 150%. This states that the segment is adequately capitalized.
Table of contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Life Insurance Segment – Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Insurance Brokers
4.4.3 Bancassurance
4.4.4 Agencies

5 Canadian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers

6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual general annuity insurance
6.1.3 Group life insurance
6.1.4 Group superannuation
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies

7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels

8 Porter’s Five Forces Analysis – Canadian Life Insurance
8.1 Bargaining Power of Supplier: Low to Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Marine, aviation and transit insurance regulatory trends
10.2.5 Personal accident and health insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Marine liability insurance
10.3.3 Workmen's compensation insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Office of the Superintendent of Financial Institutions Canada (OSFI)
10.4.3 Canadian Council of Insurance Regulators (CCIR)
10.5 Non-Admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Corporate tax
10.7.3 VAT
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Canada Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Paid claims
11.3.3 Total assets
11.3.4 Total Investment Income
11.4 Manulife Financial Corporation – Overview
11.4.1 Manulife Financial Corporation – key facts
11.4.2 Manulife Financial Corporation – key financials
11.5 The Great-West Life Assurance Company – Overview
11.5.1 The Great-West Life Assurance Company – key facts
11.5.2 The Great-West Life Assurance Company – key financials
11.6 Sun Life Financial Inc. – Overview
11.6.1 Sun Life Financial Inc. – key facts
11.6.2 Sun Life Financial Inc. – key financials
11.7 RBC Life Insurance Company – Overview
11.7.1 RBC Life Insurance Company – key facts
11.7.2 RBC Life Insurance Company – key financials
11.8 The Standard Life Assurance Company of Canada – Overview
11.8.1 The Standard Life Assurance Company of Canada – key facts
11.8.2 The Standard Life Assurance Company of Canada – key financials
11.9 The Empire Life Insurance Company – Overview
11.9.1 The Empire Life Insurance Company – key facts
11.9.2 The Empire Life Insurance Company – key financials
11.10 Co-operators Life Insurance Company – Overview
11.10.1 Co-operators Life Insurance Company – key facts
11.10.2 Co-operators Life Insurance Company – key financials
11.11 Transamerica Life Canada – Overview
11.11.1 Transamerica Life Canada – key facts
11.11.2 Transamerica Life Canada – key financials
11.12 BMO Life Insurance Company – Overview
11.12.1 BMO Life Insurance Company – key facts
11.12.2 BMO Life Insurance Company – key financials
11.13 The Equitable Life Insurance Company of Canada – Overview
11.13.1 The Equitable Life Insurance Company of Canada – key facts
11.13.2 The Equitable Life Insurance Company of Canada – key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend – Canadian Stock Exchange, Canada
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Exports growth
12.2.18 Imports growth
12.2.19 Annual average exchange rate US$–CAD
12.3 Infrastructure
12.3.1 Commercial vehicles Imports – total value
12.3.2 Commercial vehicles exports – total value
12.3.3 Automotive exports – total value
12.3.4 Automotive imports – total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income
12.5.2 Household consumption expenditure
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
Table 1: Insurance Industry Definitions
Table 2: Peer Group (US$60–US$150 Billion) Insurance Markets – Health Expenditure (% of GDP), 2008–2010
Table 3: Canadian Insurance – Overall Written Premium by Segment (CAD Billion), 2008–2012
Table 4: Canadian Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 5: Canadian Insurance – Overall Written Premium by Segment (CAD Billion), 2012–2017
Table 6: Canadian Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 7: Canadian Insurance – Segmentation (% Share), 2008–2017
Table 8: Canadian Life Insurance – Written Premium by Category (CAD Billion), 2008–2012
Table 9: Canadian Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 10: Canadian Life Insurance – Written Premium by Category (CAD Billion), 2012–2017
Table 11: Canadian Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 12: Canadian Life Insurance – Earned Premium (CAD Billion), 2008–2012
Table 13: Canadian Life Insurance – Earned Premium (CAD Billion), 2012–2017
Table 14: Canadian Life Insurance – Sum Assured (CAD Trillion), 2008–2012
Table 15: Canadian Life Insurance – Sum Assured (CAD Trillion), 2012–2017
Table 16: Canadian Life Insurance – Paid Claims (CAD Billion), 2008–2012
Table 17: Canadian Life Insurance – Paid Claims (CAD Billion), 2012–2017
Table 18: Canadian Life Insurance – Incurred Loss (CAD Billion), 2008–2012
Table 19: Canadian Life Insurance – Incurred Loss (CAD Billion), 2012–2017
Table 20: Canadian Life Insurance – Loss Ratio (%), 2008–2012
Table 21: Canadian Life Insurance – Loss Ratio (%), 2012–2017
Table 22: Canadian Life Insurance – Commissions and Expenses (CAD Billion), 2008–2012
Table 23: Canadian Life Insurance – Commissions and Expenses (CAD Billion), 2012–2017
Table 24: Canadian Life Insurance – Combined Ratio (%), 2008–2012
Table 25: Canadian Life Insurance – Combined Ratio (%), 2012–2017
Table 26: Canadian Life Insurance – Frauds and Crimes (CAD Billion), 2008–2012
Table 27: Canadian Life Insurance – Frauds and Crimes (CAD Billion), 2012–2017
Table 28: Canadian Life Insurance – Total Assets (CAD Billion), 2008–2012
Table 29: Canadian Life Insurance – Total Assets (CAD Billion), 2012–2017
Table 30: Canadian Life Insurance – Total Investment Income (CAD Billion), 2008–2012
Table 31: Canadian Life Insurance – Total Investment Income (CAD Billion), 2012–2017
Table 32: Canadian Life Insurance – Retentions (CAD Billion), 2008–2012
Table 33: Canadian Life Insurance – Retentions (CAD Billion), 2012–2017
Table 34: Canadian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 35: Canadian Individual Life Insurance – Number of Active Policies, 2012–2017
Table 36: Canadian Individual Life Insurance – Written Premium (CAD Billion), 2008–2012
Table 37: Canadian Individual Life Insurance – Written Premium (CAD Billion), 2012–2017
Table 38: Canadian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Table 39: Canadian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Table 40: Canadian Individual General Annuity Insurance – Written Premium (CAD Billion), 2008–2012
Table 41: Canadian Individual General Annuity Insurance – Written Premium (CAD Billion), 2012–2017
Table 42: Canadian Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 43: Canadian Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 44: Canadian Group Life Insurance – Written Premium (CAD Billion), 2008–2012
Table 45: Canadian Group Life Insurance – Written Premium (CAD Billion), 2012–2017
Table 46: Canadian Group Superannuation – Number of Active Policies (Thousand), 2008–2012
Table 47: Canadian Group Superannuation – Number of Active Policies (Thousand), 2012–2017
Table 48: Canadian Group Superannuation – Written Premium (CAD Billion), 2008–2012
Table 49: Canadian Group Superannuation – Written Premium (CAD Billion), 2012–2017
Table 50: Canadian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 51: Canadian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 52: Canadian Individual Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Table 53: Canadian Individual Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Table 54: Canadian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 55: Canadian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 56: Canadian Individual Non-Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Table 57: Canadian Individual Non-Single-Premium Insurance – Written Premium(CAD Billion), 2012–2017
Table 58: Canadian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 59: Canadian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 60: Canadian Group Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Table 61: Canadian Group Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Table 62: Canadian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 63: Canadian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand),2012–2017
Table 64: Canadian Group Non-Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Table 65: Canadian Group Non-Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Table 66: Canadian Life Insurance – Direct Marketing Commission Paid (CAD Billion), 2008–2012
Table 67: Canadian Life Insurance – Direct Marketing Commission Paid (CAD Billion), 2012–2017
Table 68: Canadian Life Insurance – New Business Written Premium Through Direct Marketing (CAD Billion), 2008–2012
Table 69: Canadian Life Insurance – New Business Written Premium Through Direct Marketing (CAD Billion), 2012–2017
Table 70: Canadian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 71: Canadian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 72: Canadian Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 73: Canadian Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 74: Canadian Life Insurance – Bancassurance Commission Paid (CAD Billion), 2008–2012
Table 75: Canadian Life Insurance – Bancassurance Commission Paid (CAD Billion), 2012–2017
Table 76: Canadian Life Insurance – New Business Written Premium Through Bancassurance (CAD Billion), 2008–2012
Table 77: Canadian Life Insurance – New Business Written Premium Through Bancassurance (CAD Billion), 2012–2017
Table 78: Canadian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 79: Canadian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 80: Canadian Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 81: Canadian Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 82: Canadian Life Insurance – Commission Paid to Agencies (CAD Billion), 2008–2012
Table 83: Canadian Life Insurance – Commission Paid to Agencies (CAD Billion), 2012–2017
Table 84: Canadian Life Insurance – New Business Written Premium Through Agencies (CAD Billion), 2008–2012
Table 85: Canadian Life Insurance – New Business Written Premium Through Agencies (CAD Billion), 2012–2017
Table 86: Canadian Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Table 87: Canadian Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Table 88: Canadian Life Insurance – Number of Agencies, 2008–2012
Table 89: Canadian Life Insurance – Number of Agencies, 2012–2017
Table 90: Canadian Life Insurance – E-Commerce Commission Paid (CAD Million), 2008–2012
Table 91: Canadian Life Insurance – E-Commerce Commission Paid (CAD Million), 2012–2017
Table 92: Canadian Life Insurance – New Business Written Premium Through E-Commerce (CAD Million), 2008–2012
Table 93: Canadian Life Insurance – New Business Written Premium Through E-Commerce (CAD Million), 2012–2017
Table 94: Canadian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 95: Canadian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 96: Canadian Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 97: Canadian Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 98: Canadian Life Insurance – Commission Paid to Brokers (CAD Billion), 2008–2012
Table 99: Canadian Life Insurance – Commission Paid to Brokers (CAD Billion), 2012–2017
Table 100: Canadian Life Insurance – New Business Written Premium Through Brokers (CAD Billion), 2008–2012
Table 101: Canadian Life Insurance – New Business Written Premium Through Brokers (CAD Billion), 2012–2017
Table 102: Canadian Life Insurance – New Policies Sold Through Brokers (Thousand), 2008–2012
Table 103: Canadian Life Insurance – New Policies Sold Through Brokers (Thousand), 2012–2017
Table 104: Canadian Life Insurance – Number of Brokers, 2008–2012
Table 105: Canadian Life Insurance – Number of Brokers, 2012–2017
Table 106: Canadian Life Insurance – Commission Paid to Other Channels (CAD Million), 2008–2012
Table 107: Canadian Life Insurance – Commission Paid to Other Channels (CAD Million), 2012–2017
Table 108: Canadian Life Insurance – New Business Written Premium Through Other Channels (CAD Million), 2008–2012
Table 109: Canadian Life Insurance – New Business Written Premium Through Other Channels (CAD Million), 2012–2017
Table 110: Canadian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2008–2012
Table 111: Canadian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2012–2017
Table 112: Canadian Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 113: Canadian Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 114: Reinsurance in Canada by Category (CAD Billion), 2008–2012
Table 115: Reinsurance in Canada by Category (US$ Billion), 2008–2012
Table 116: Reinsurance in Canada by Category (CAD Billion), 2012–2017
Table 117: Reinsurance in Canada by Category (US$ Billion), 2012–2017
Table 118: Canadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2008–2012
Table 119: Canadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 120: Canadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2012–2017
Table 121: Canadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 122: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 123: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 124: Canada – Legislations Governing Automobile Insurance in Each Province and Territory
Table 125: Canada – Workmen\'s Compensation Insurance
Table 126: Canada – Non-Admitted Insurance Regulatory Framework
Table 127: Canada – Legislations Governing Motor Insurance in Each Province and Territory
Table 128: Canada – Solvency Margin Requirements for Federally Regulated Insurance Companies
Table 129: Canada – Insurance Premium Taxation 2012–2013
Table 130: Canada – Corporate Taxation 2012–2013
Table 131: Canadian Life Insurance Market Share (%), 2012
Table 132: Manulife Financial Corporation, Key Facts
Table 133: Manulife Financial Corporation, Key Financials (CAD Million)
Table 134: The Great-West Life Assurance Company, Key Facts
Table 135: The Great-West Life Assurance Company, Key Financials (CAD Million)
Table 136: Sun Life Financial Inc., Key Facts
Table 137: Sun Life Financial Inc., Key Financials (CAD Million)
Table 138: RBC Life Insurance Company, Key Facts
Table 139: RBC Life Insurance Company, Key Financials (CAD Million)
Table 140: The Standard Life Assurance Company of Canada, Key Facts
Table 141: The Standard Life Assurance Company of Canada, Key Financials (CAD Million)
Table 142: The Empire Life Insurance Company, Key Facts
Table 143: The Empire Life Insurance Company, Key Financials (CAD Million)
Table 144: Co-operators Life Insurance Company, Key Facts
Table 145: Co-operators Life Insurance Company, Key Financials (CAD Million)
Table 146: Transamerica Life Canada, Key Facts
Table 147: Transamerica Life Canada, Key Financials (CAD Million)
Table 148: BMO Life Insurance Company, Key Facts
Table 149: BMO Life Insurance Company, Key Financials (CAD Million)
Table 150: The Equitable Life Insurance Company of Canada, Key Facts
Table 151: The Equitable Life Insurance Company of Canada, Key Financials (CAD Million)
Figure 1: Peer Group (US$60–US$150 Billion) Insurance Markets – A Snapshot of the Economies and Populations, 2011
Figure 2: Peer Group (US$60–US$150 Billion) Insurance Markets – Growth Trends in the Insurance Industry
Figure 3: Peer Group (US$60–US$150 Billion) Insurance Markets – Total Industry Values by Segment (US$ Billion), 2011
Figure 4: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 5: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Premium Per Capita (US$), 2011
Figure 6: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Penetration as a Percentage of GDP (%), 2011 and 2016
Figure 7: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 8: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Gross Written Premium per Capita Growth (%), 2007–2016
Figure 9: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 10: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 11: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 12: Peer Group (US$60–US$150 Billion) Insurance Markets – Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Peer Group (US$60–US$150 Billion) Insurance Markets – Direct Marketing – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 14: Peer Group (US$60–US$150 Billion) Insurance Markets – Direct Marketing – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 15: Peer Group (US$60–US$150 Billion) Insurance Markets – Bancassurance – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 16: Peer Group (US$60–US$150 Billion) Insurance Markets – Agencies – Share of Life insurance New Business Gross Written Premium (%), 2007–2016
Figure 17: Canadian Insurance – Overall Written Premium by Segment (CAD Billion), 2008–2017
Figure 18: Canadian Insurance – Dynamics by Segment (%), 2008–2017
Figure 19: Canadian Life Insurance – Written Premium by Category (CAD Billion), 2008–2017
Figure 20: Canadian Life Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 21: Canadian Life Insurance – Dynamics by Category, 2008–2017
Figure 22: Canadian Life Insurance – Earned Premium (CAD Billion), 2008–2012
Figure 23: Canadian Life Insurance – Earned Premium (CAD Billion), 2012–2017
Figure 24: Canadian Life Insurance – Sum Assured (CAD Trillion), 2008–2012
Figure 25: Canadian Life Insurance – Sum Assured (CAD Trillion), 2012–2017
Figure 26: Canadian Life Insurance – Paid Claims (CAD Billion), 2008–2012
Figure 27: Canadian Life Insurance – Paid Claims (CAD Billion), 2012–2017
Figure 28: Canadian Life Insurance – Incurred Loss (CAD Billion), 2008–2012
Figure 29: Canadian Life Insurance – Incurred Loss (CAD Billion), 2012–2017
Figure 30: Canadian Life Insurance – Loss Ratio (%), 2008–2012
Figure 31: Canadian Life Insurance – Loss Ratio (%), 2012–2017
Figure 32: Canadian Life Insurance – Commissions and Expenses (CAD Billion), 2008–2012
Figure 33: Canadian Life Insurance – Commissions and Expenses (CAD Billion), 2012–2017
Figure 34: Canadian Life Insurance – Combined Ratio (%), 2008–2012
Figure 35: Canadian Life Insurance – Combined Ratio (%), 2012–2017
Figure 36: Canadian Life Insurance – Frauds and Crimes (CAD Billion), 2008–2012
Figure 37: Canadian Life Insurance – Frauds and Crimes (CAD Billion), 2012–2017
Figure 38: Canadian Life Insurance – Total Assets (CAD Billion), 2008–2012
Figure 39: Canadian Life Insurance – Total Assets (CAD Billion), 2012–2017
Figure 40: Canadian Life Insurance – Total Investment Income (CAD Billion), 2008–2012
Figure 41: Canadian Life Insurance – Total Investment Income (CAD Billion), 2012–2017
Figure 42: Canadian Life Insurance – Retentions (CAD Billion), 2008–2012
Figure 43: Canadian Life Insurance – Retentions (CAD Billion), 2012–2017
Figure 44: Canadian Life Insurance – Investment Portfolio (CAD Billion), 2008–2012
Figure 45: Canadian Life Insurance – Investment Portfolio, 2008 and 2012
Figure 46: Canadian Life Insurance – Penetration (%), 2008–2012
Figure 47: Canadian Life Insurance – Density (Number of Policies per Capita), 2008–2012
Figure 48: Canadian Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 49: Canadian Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 50: Canadian Life Insurance – Premium Per-Capita (CAD), 2008–2012
Figure 51: Canadian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 52: Canadian Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 53: Canadian Individual Life Insurance – Written Premium (CAD Billion), 2008–2012
Figure 54: Canadian Individual Life Insurance – Written Premium (CAD Billion), 2012–2017
Figure 55: Canadian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 56: Canadian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 57: Canadian Individual General Annuity Insurance – Written Premium (CAD Billion), 2008–2012
Figure 58: Canadian Individual General Annuity Insurance – Written Premium (CAD Billion), 2012–2017
Figure 59: Canadian Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 60: Canadian Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 61: Canadian Group Life Insurance – Written Premium (CAD Billion), 2008–2012
Figure 62: Canadian Group Life Insurance – Written Premium (CAD Billion), 2012–2017
Figure 63: Canadian Group Superannuation – Number of Active Policies (Thousand), 2008–2012
Figure 64: Canadian Group Superannuation – Number of Active Policies (Thousand), 2012–2017
Figure 65: Canadian Group Superannuation – Written Premium (CAD Billion), 2008–2012
Figure 66: Canadian Group Superannuation – Written Premium (CAD Billion), 2012–2017
Figure 67: Canadian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 68: Canadian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 69: Canadian Individual Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Figure 70: Canadian Individual Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Figure 71: Canadian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 72: Canadian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 73: Canadian Individual Non-Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Figure 74: Canadian Individual Non-Single-Premium Insurance – Written Premium(CAD Billion), 2012–2017
Figure 75: Canadian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 76: Canadian Group Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 77: Canadian Group Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Figure 78: Canadian Group Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Figure 79: Canadian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 80: Canadian Group Non-Single-Premium Insurance – Number of Active Policies (Thousand),2012–2017
Figure 81: Canadian Group Non-Single-Premium Insurance – Written Premium (CAD Billion), 2008–2012
Figure 82: Canadian Group Non-Single-Premium Insurance – Written Premium (CAD Billion), 2012–2017
Figure 83: Canadian Life Insurance – New Business Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 84: Canadian Life Insurance – Direct Marketing Commission Paid (CAD Billion), 2008–2012
Figure 85: Canadian Life Insurance – Direct Marketing Commission Paid (CAD Billion), 2012–2017
Figure 86: Canadian Life Insurance – New Business Written Premium Through Direct Marketing (CAD Billion), 2008–2012
Figure 87: Canadian Life Insurance – New Business Written Premium Through Direct Marketing (CAD Billion), 2012–2017
Figure 88: Canadian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 89: Canadian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 90: Canadian Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 91: Canadian Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 92: Canadian Life Insurance – Bancassurance Commission Paid (CAD Billion), 2008–2012
Figure 93: Canadian Life Insurance – Bancassurance Commission Paid (CAD Billion), 2012–2017
Figure 94: Canadian Life Insurance – New Business Written Premium Through Bancassurance (CAD Billion), 2008–2012
Figure 95: Canadian Life Insurance – New Business Written Premium Through Bancassurance (CAD Billion), 2012–2017
Figure 96: Canadian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 97: Canadian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 98: Canadian Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 99: Canadian Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 100: Canadian Life Insurance – Commission Paid to Agencies (CAD Billion), 2008–2012
Figure 101: Canadian Life Insurance – Commission Paid to Agencies (CAD Billion), 2012–2017
Figure 102: Canadian Life Insurance – New Business Written Premium Through Agencies (CAD Billion), 2008–2012
Figure 103: Canadian Life Insurance – New Business Written Premium Through Agencies (CAD Billion), 2012–2017
Figure 104: Canadian Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Figure 105: Canadian Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Figure 106: Canadian Life Insurance – Number of Agencies, 2008–2012
Figure 107: Canadian Life Insurance – Number of Agencies, 2012–2017
Figure 108: Canadian Life Insurance – E-Commerce Commission Paid (CAD Million), 2008–2012
Figure 109: Canadian Life Insurance – E-Commerce Commission Paid (CAD Million), 2012–2017
Figure 110: Canadian Life Insurance – New Business Written Premium Through E-Commerce (CAD Million), 2008–2012
Figure 111: Canadian Life Insurance – New Business Written Premium Through E-Commerce (CAD Million), 2012–2017
Figure 112: Canadian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 113: Canadian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 114: Canadian Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 115: Canadian Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 116: Canadian Life Insurance – Commission Paid to Brokers (CAD Billion), 2008–2012
Figure 117: Canadian Life Insurance – Commission Paid to Brokers (CAD Billion), 2012–2017
Figure 118: Canadian Life Insurance – New Business Written Premium Through Brokers (CAD Billion), 2008–2012
Figure 119: Canadian Life Insurance – New Business Written Premium Through Brokers (CAD Billion), 2012–2017
Figure 120: Canadian Life Insurance – New Policies Sold Through Brokers (Thousand), 2008–2012
Figure 121: Canadian Life Insurance – New Policies Sold Through Brokers (Thousand), 2012–2017
Figure 122: Canadian Life Insurance – Number of Brokers, 2008–2012
Figure 123: Canadian Life Insurance – Number of Brokers, 2012–2017
Figure 124: Canadian Life Insurance – Commission Paid to Other Channels (CAD Million), 2008–2012
Figure 125: Canadian Life Insurance – Commission Paid to Other Channels (CAD Million), 2012–2017
Figure 126: Canadian Life Insurance – New Business Written Premium Through Other Channels (CAD Million), 2008–2012
Figure 127: Canadian Life Insurance – New Business Written Premium Through Other Channels (CAD Million), 2012–2017
Figure 128: Canadian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 129: Canadian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 130: Canadian Life Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 131: Canadian Life Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 132: Canadian Life Insurance – Porter’s Five Forces Analysis
Figure 133: Canadian Premium Ceded to Reinsurance by Category (CAD Billion), 2008–2017
Figure 134: Canadian Premium Ceded to Reinsurance by Category (% Share), 2012 and 2017
Figure 135: Canadian Reinsurance – Dynamics by Category (%), 2008–2017
Figure 136: Canadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2008–2017
Figure 137: Canadian Reinsurance – Dynamics by Type of Insurance (%), 2008–2017
Figure 138: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 139: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 140: Canada – Insurance Regulatory Framework
Figure 141: Canada – Insurance Supervision and Control at Various Levels
Figure 142: Canada – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 143: Canada – Solvency Framework in Different Provinces and Territories
Figure 144: Canada – Judiciary System
Figure 145: Canadian Life Insurance Market Share (%), 2012
Figure 146: Gross Written Premium – Top Five Canadian Life Insurers (CAD Billion), 2012
Figure 147: Paid Claims – Top Five Canadian Life Insurers (CAD Billion), 2012
Figure 148: Total Assets – Top Five Canadian Life Insurers (CAD Billion), 2012
Figure 149: Total Investment Income – Top Five Canadian Life Insurers (CAD Billion), 2012
Figure 150: Canadian Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 151: Canadian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 152: Canadian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 153: Canadian GDP at Current Prices (US$ Billion), 2008–2012
Figure 154: Canadian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 155: Canadian GDP by Key Segments (%), 2007 and 2010
Figure 156: Canadian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2010
Figure 157: Canadian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2010
Figure 158: Canadian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2010
Figure 159: Canadian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2010
Figure 160: Canadian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2010
Figure 161: Canadian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2010
Figure 162: Canadian Construction Net Output at Current Prices (US$ Billion), 2007–2010
Figure 163: Canadian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2010
Figure 164: Canadian Inflation Rate (%), 2008–2012
Figure 165: Canadian Exports as a Percentage of GDP (%), 2007–2011
Figure 166: Canadian Imports as a Percentage of GDP (%), 2007–2011
Figure 167: Canadian Exports Growth (%), 2008–2011
Figure 168: Canadian Imports Growth (%), 2008–2011
Figure 169: Canadian Annual Average Exchange Rate US$–CAD, 2008–2012
Figure 170: Canadian Commercial Vehicle Imports – Total Value (US$ Billion), 2007–2011
Figure 171: Canadian Commercial Vehicle Imports – Total Value (US$ Billion), 2007–2011
Figure 172: Canadian Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 173: Canadian Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 174: Canadian Internet Subscriptions (Million), 2007–2011
Figure 175: Size of the Canadian Labor Force (Million), 2007–2011
Figure 176: Canadian Unemployment Rate (%), 2008–2012
Figure 177: Canadian Gross National Disposable Income (US$ Billion), 2007–2011
Figure 178: Canadian Household Consumption Expenditure (US$ Billion), 2007–2011
Figure 179: Canadian Total Population (Million), 2008–2012
Figure 180: Canadian Urban and Rural Populations (%), 2008–2012
Figure 181: Canadian Population Distribution by Age (%), 2008–2012