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Life Insurance & Annuities in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Life Insurance & Annuities in Canada Market Research Report | NAICS 52411aCA | Jun 2016

Long lifeline: Rising interest rates and a growing distance from the recession will aid the industry

IBISWorld’s Life Insurance & Annuities market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Consistent increases in premiums derived from the Life Insurance and Annuities industry's traditional products and strong returns from equity markets have aided industry performance over the five years to 2016. Part of this increase in demand for industry products is related to the continued aging of the domestic population, with older individuals more intently focused on retirement and estate planning. Additionally, over the five years to 2021, industry revenue is forecast to rise. Despite a small dip in concentration levels in recent years, the industry is anticipated to remain dominated by Great-West Lifeco, Manulife and Sun Life, commonly referred to as the “big... purchase to read more

Industry Report - Industry Investment Chapter

The Life Insurance and Annuities industry operates with a low to moderate level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.10 to capital intensity. However, the industry's low to moderate level of capital intensity largely reflects its massive size, a reliance on third-party agents and brokers that lower traditional wage costs and substantial other costs, particularly benefit expenses, rather than a crucial reliance on equipment or other forms of capital.

Yet, industry operators do rely on technological investment for a number of tasks, including claims processing, policy administration and actuarial activities... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Life Insurance & Annuities Industry?

This industry accepts liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.

Industry Products
Group annuitiesIndividual annuitiesGroup life insurance premiumsIndividual life insurance premiumsInvestment income and other products
Industry Activities
Underwriting group life policiesUnderwriting individual life policiesUnderwriting group annuitiesUnderwriting individual annuitiesInvesting insurance premiums

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