Insurance in Canada

Introduction

Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2006-10, and forecast to 2015). 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 insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2010 average exchange rate.

*The Canadian insurance market had total gross written premiums of $115.4 billion in 2010, representing a compound annual growth rate (CAGR) of 4.4% between 2006 and 2010.

*The non life insurance segment was the market's most lucrative in 2010, with total gross written premiums of $63.9 billion, equivalent to 55.4% of the market's overall value.

*The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.6% for the five-year period 2010 - 2015, which is expected to drive the market to a value of $144.9 billion by the end of 2015.

Features

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Canada

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Canada

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Canada 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 insurance market by value in 2010?

What will be the size of the Canada insurance market in 2015?

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

How has the market performed over the last five years?

What are the main segments that make up Canada's insurance market?
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TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
MARKET OVERVIEW 7
Market definition 7
Research highlights 8
Market analysis 9
MARKET VALUE 10
MARKET SEGMENTATION I 11
MARKET SEGMENTATION II 12
FIVE FORCES ANALYSIS 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Substitutes 18
Rivalry 19
LEADING COMPANIES 20
Sun Life Financial, Inc. 20
Aviva Plc 24
Great-West Lifeco 28
MARKET FORECASTS 32
Market value forecast 32
MACROECONOMIC INDICATORS 33
APPENDIX 35
Methodology 35
Industry associations 36
Related Datamonitor research 36
Disclaimer 37
ABOUT DATAMONITOR 38
Premium Reports 38
Summary Reports 38
Datamonitor consulting 38

LIST OF TABLES
Table 1: Canada insurance market value: $ million, 2006–10 10
Table 2: Canada insurance market segmentation I:% share, by value, 2010 11
Table 3: Canada insurance market segmentation II: % share, by value, 2010 12
Table 4: Sun Life Financial, Inc.: key facts 20
Table 5: Sun Life Financial, Inc.: key financials ($) 21
Table 6: Sun Life Financial, Inc.: key financials (C$) 22
Table 7: Sun Life Financial, Inc.: key financial ratios 22
Table 8: Aviva Plc: key facts 24
Table 9: Aviva Plc: key financials ($) 25
Table 10: Aviva Plc: key financials (£) 26
Table 11: Aviva Plc: key financial ratios 26
Table 12: Great-West Lifeco: key facts 28
Table 13: Great-West Lifeco: key financials ($) 29
Table 14: Great-West Lifeco: key financials (C$) 30
Table 15: Great-West Lifeco: key financial ratios 30
Table 16: Canada insurance market value forecast: $ million, 2010–15 32
Table 17: Canada size of population (million), 2006–10 33
Table 18: Canada GDP (constant 2000 prices, $ billion), 2006–10 33
Table 19: Canada GDP (current prices, $ billion), 2006–10 33
Table 20: Canada inflation, 2006–10 34
Table 21: Canada consumer price index (absolute), 2006–10 34
Table 22: Canada exchange rate, 2006–10 34

LIST OF FIGURES
Figure 1: Canada insurance market value: $ million, 2006–10 10
Figure 2: Canada insurance market segmentation I:% share, by value, 2010 11
Figure 3: Canada insurance market segmentation II: % share, by value, 2010 12
Figure 4: Forces driving competition in the insurance market in Canada, 2010 13
Figure 5: Drivers of buyer power in the insurance market in Canada, 2010 14
Figure 6: Drivers of supplier power in the insurance market in Canada, 2010 15
Figure 7: Factors influencing the likelihood of new entrants in the insurance market in Canada, 2010 16
Figure 8: Factors influencing the threat of substitutes in the insurance market in Canada, 2010 18
Figure 9: Drivers of degree of rivalry in the insurance market in Canada, 2010 19
Figure 10: Sun Life Financial, Inc.: revenues & profitability 23
Figure 11: Sun Life Financial, Inc.: assets & liabilities 23
Figure 12: Aviva Plc: revenues & profitability 27
Figure 13: Aviva Plc: assets & liabilities 27
Figure 14: Great-West Lifeco: revenues & profitability 31
Figure 15: Great-West Lifeco: assets & liabilities 31
Figure 16: Canada insurance market value forecast: $ million, 2010–15 32


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