Canada Insurance Report - Business Monitor International - Industry Reports

Canada Insurance Report

Canada Insurance Report - Business Monitor International - Industry Reports
Canada Insurance Report
Published Sep 24, 2016
63 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Canada s demographic profile, strong economy, sound public finances and sophisticated social security system mean that there is less need for protection and retirement income solutions from the private sector than in other countries which does somewhat dampen longer term growth potential. We do note, however, that the country is home to a relatively large population with ageing demographic trends which will provide a longer term boost to demand for retirement and other later in life savings products. ...Canada s demographic profile, strong economy, sound public finances and sophisticated social security system mean that there is less need for protection and retirement income solutions from the private sector than in other countries which does somewhat dampen longer term growth potential. We do note, however, that the country is home to a relatively large population with ageing demographic trends which will provide a longer term boost to demand for retirement and other later in life savings products. Longer term growth will also be supported by wide economic growth and developments within the life insurance industry, such as expansion of distribution channels and introduction of a wider product offering. ...We do note, however, that the country is home to a relatively large population with ageing demographic trends which will provide a longer term boost to demand for retirement and other later in life savings products. Longer term growth will also be supported by wide economic growth and developments within the life insurance industry, such as expansion of distribution channels and introduction of a wider product offering.

...In August ----, a report from the C.D. Howe Institute highlighted the potential risk to Canadian insurers posed by a major earthquake in the country, the claims resulting from which would exceed the financial capacity of the sector. The report stated that Canada s property and casualty insurers were capable of handling claims of up to CAD--bn, after which one or more national insurers would fail. ...The report stated that Canada s property and casualty insurers were capable of handling claims of up to CAD--bn, after which one or more national insurers would fail. The report follows reports of significant damage incurred by the Fort McMurray wildfires in May ----, which were estimated to have caused about USD-.-bn worth of damage. The catastrophe is expected to lead to a spike in claims and payouts for local insurers. ...The report follows reports of significant damage incurred by the Fort McMurray wildfires in May ----, which were estimated to have caused about USD-.-bn worth of damage. The catastrophe is expected to lead to a spike in claims and payouts for local insurers.

...We forecast solid growth across both Canada s life and non-life insurance markets in ----, reflecting steady growth in economic output and a favourable spending environment for Canadian households. Life insurance premiums will grow by -.- in ---- in local currency terms to CAD--.-bn; due to currency market movements this will translate to a -.- fall in US Dollar terms to USD--.-bn. ...

  
Source:
Document ID
2043-9245
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Canada Insurance Report" Sep 24, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Insurance-Report-2026-1664>
  
APA:
Business Monitor International - Industry Reports. (2016). Canada Insurance Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Canada-Insurance-Report-2026-1664>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.