Non-Life Insurance in Canada

Non-Life Insurance in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). 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 non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

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 2013 annual average exchange rates.

The Canadian non-life insurance market is expected to generate total gross written premiums of $74.2bn in 2014, representing a compound annual growth rate (CAGR) of 4% between 2010 and 2014.

The motor segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $36.9bn, equivalent to 49.8% of the market's overall value.

The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.2% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $87.0bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, 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

Macroeconomic indicators provide insight into general trends within the Canada economy

Reasons to buy

What was the size of the Canada non-life insurance market by value in 2014?

What will be the size of the Canada non-life insurance market in 2019?

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?

Companies mentioned

Aviva plc, Intact Financial Corporation, RSA Insurance Group plc and The Wawanesa Mutual Insurance Company

Table of Contents

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 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market share 11

Market Outlook 12

Market value forecast 12

Five Forces Analysis 13

Summary 13

Buyer power 14

Supplier power 15

New entrants 16

Threat of substitutes 17

Degree of rivalry 18

Leading Companies 19

Aviva plc 19

Intact Financial Corporation 23

RSA Insurance Group plc 27

The Wawanesa Mutual Insurance Company 31

Macroeconomic Indicators 33

Country Data 33

Methodology 35

Industry associations 36

Related MarketLine research 36

Appendix 37

About MarketLine 37

LIST OF TABLES

Table 1: Canada non-life insurance market value: $ million, 201014(e) 8

Table 2: Canada nonlife insurance market category segmentation: $ million, 2014(e) 9

Table 3: Canada nonlife insurance market geography segmentation: $ million, 2014(e) 10

Table 4: Canada non-life insurance market share: % share, by value, 2014(e) 11

Table 5: Canada non-life insurance market value forecast: $ million, 201419 12

Table 6: Aviva plc: key facts 19

Table 7: Aviva plc: key financials ($) 20

Table 8: Aviva plc: key financials (£) 21

Table 9: Aviva plc: key financial ratios 21

Table 10: Intact Financial Corporation: key facts 23

Table 11: Intact Financial Corporation: key financials ($) 24

Table 12: Intact Financial Corporation: key financials (C$) 24

Table 13: Intact Financial Corporation: key financial ratios 25

Table 14: RSA Insurance Group plc: key facts 27

Table 15: RSA Insurance Group plc: key financials ($) 28

Table 16: RSA Insurance Group plc: key financials (£) 28

Table 17: RSA Insurance Group plc: key financial ratios 29

Table 18: The Wawanesa Mutual Insurance Company: key facts 31

Table 19: Canada size of population (million), 201014 33

Table 20: Canada gdp (constant 2005 prices, $ billion), 201014 33

Table 21: Canada gdp (current prices, $ billion), 201014 33

Table 22: Canada inflation, 201014 34

Table 23: Canada consumer price index (absolute), 201014 34

Table 24: Canada exchange rate, 201014 34

LIST OF FIGURES

Figure 1: Canada non-life insurance market value: $ million, 201014(e) 8

Figure 2: Canada nonlife insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: Canada nonlife insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: Canada non-life insurance market share: % share, by value, 2014(e) 11

Figure 5: Canada non-life insurance market value forecast: $ million, 201419 12

Figure 6: Forces driving competition in the non-life insurance market in Canada, 2014 13

Figure 7: Drivers of buyer power in the non-life insurance market in Canada, 2014 14

Figure 8: Drivers of supplier power in the non-life insurance market in Canada, 2014 15

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2014 16

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2014 17

Figure 11: Drivers of degree of rivalry in the non-life insurance market in Canada, 2014 18

Figure 12: Aviva plc: revenues & profitability 21

Figure 13: Aviva plc: assets & liabilities 22

Figure 14: Intact Financial Corporation: revenues & profitability 25

Figure 15: Intact Financial Corporation: assets & liabilities 26

Figure 16: RSA Insurance Group plc: revenues & profitability 29

Figure 17: RSA Insurance Group plc: assets & liabilities 30

List of Tables

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List of Figures

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