Summary
Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of 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 report have been calculated using constant 2017 annual average exchange rates.
- The Canadian non-life insurance market had total gross written premiums of $68.0bn in 2017, representing a compound annual growth rate (CAGR) of 3.4% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $24.5bn, equivalent to 36% of the market's overall value.
- The industry’s growth has been impacted by the rising number of claims that was estimated at 56.3% of revenues in 2017, according to the Insurance Bureau of Canada.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Canada
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the Canada non-life insurance market by value in 2017?
- What will be the size of the Canada non-life insurance market in 2022?
- What factors are affecting the strength of competition in the Canada non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Canada's non-life insurance market?
'
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 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Intact Financial Corporation 24
Aviva plc 27
Desjardins Group 32
The Co-Operators Group Limited 36
Macroeconomic Indicators 39
Country data 39
Methodology 41
Industry associations 42
Related MarketLine research 42
Appendix 43
About MarketLine 43
List of Tables
Table 1: Canada non-life insurance market value: $ billion, 2013–17
Table 2: Canada non–life insurance market category segmentation: $ billion, 2017
Table 3: Canada non–life insurance market geography segmentation: $ billion, 2017
Table 4: Canada non-life insurance market share: % share, by value, 2017
Table 5: Canada non-life insurance market value forecast: $ billion, 2017–22
Table 6: Intact Financial Corporation: key facts
Table 7: Intact Financial Corporation: key financials ($)
Table 8: Intact Financial Corporation: key financials (C$)
Table 9: Intact Financial Corporation: key financial ratios
Table 10: Aviva plc: key facts
Table 11: Aviva plc: key financials ($)
Table 12: Aviva plc: key financials (£)
Table 13: Aviva plc: key financial ratios
Table 14: Desjardins Group: key facts
Table 15: Desjardins Group: key financials ($)
Table 16: Desjardins Group: key financials (C$)
Table 17: Desjardins Group: key financial ratios
Table 18: The Co-Operators Group Limited: key facts
Table 19: The Co-Operators Group Limited: key financials ($)
Table 20: The Co-Operators Group Limited: key financials (C$)
Table 21: The Co-Operators Group Limited: key financial ratios
Table 22: Canada size of population (million), 2013–17
Table 23: Canada gdp (constant 2005 prices, $ billion), 2013–17
Table 24: Canada gdp (current prices, $ billion), 2013–17
Table 25: Canada inflation, 2013–17
Table 26: Canada consumer price index (absolute), 2013–17
Table 27: Canada exchange rate, 2013–17
List of Figures
Figure 1: Canada non-life insurance market value: $ billion, 2013–17
Figure 2: Canada non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Canada non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Canada non-life insurance market share: % share, by value, 2017
Figure 5: Canada non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in Canada, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in Canada, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in Canada, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Canada, 2017
Figure 12: Intact Financial Corporation: revenues & profitability
Figure 13: Intact Financial Corporation: assets & liabilities
Figure 14: Aviva plc: revenues & profitability
Figure 15: Aviva plc: assets & liabilities
Figure 16: Desjardins Group: revenues & profitability
Figure 17: Desjardins Group: assets & liabilities
Figure 18: The Co-Operators Group Limited: revenues & profitability
Figure 19: The Co-Operators Group Limited: assets & liabilities
