Industry Analysis & Industry Trends
Despite generally rising levels of life insurance and annuity premiums, volatile net investment income has damaged revenue for the Life Insurance and Annuities industry over the five years to 2014. However, rising interest rates and a growing distance from the financial crisis are anticipated to benefit the industry in the next five years. Given the industry's reliance on fixed-income securities for investment income, gradual increases in interest rates over the five-year period are anticipated to boost asset returns. Moreover, demographic trends witnessed in recent years are forecast to continue in the years ahead, particularly the aging of the domestic population... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of industry establishments closely follows domestic population trends. For example, Ontario is anticipated to account for 35.6% of industry establishments and 38.5% of the Canadian population in 2015. To take advantage of this large population base, some of the industry's largest players focus on the province for revenue. For example, Manulife Financial and Sun Life Financial are each headquartered in Toronto.
Similar to Ontario, Quebec maintains a significant share of the industry's establishments due to its substantial population size. In 2015, Quebec is expected to represent 24.1% of industry establishments and 23.0% of the domestic population... purchase to read more