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