Life Insurance in Canada, Key Trends and Opportunities to 2019

Date: 2015-12

“โ€ข The Canadian life segment accounted for 41.5% of the overall insurance gross written premium in 2014.

โ€ข Life insurance growth is primarily built on demographic factors.

โ€ข Canadaโ€™s total population recorded a review-period CAGR of 1.1%, and the population aged over 65 years grew from 15.5% in 2010 to 17.3% in 2014.

โ€ข The segment is open to foreign insurers, and therefore has access to capital from foreign sources.

โ€ข Demand for products has changed with the economic environment, with insurers introducing customized policies to suit customersโ€™ needs. ”

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