Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2017

Date: 2015-09
Pages:233
Price:

The Canadian personal accident and health insurance segment grew from CAD16.1 billion (US$15.1 billion) in 2008 to CAD20.5 billion (US$20.6 billion) in 2012, at a review-period CAGR of 6.3%. The growth resulted from an increased number of outbound travelers from Canada, rising demand for private health insurance products as a result of inadequate publicly funded healthcare and a rising elderly population which consumes more health insurance products. These factors, coupled with the improving business and environmental conditions in the US, the largest trading partner and importer of Canadaโ€™s goods, is expected to support the growth of the Canadian personal accident and health insurance segment over the forecast period (2013โ€“2017). As such, the Canadian personal accident and health segment is expected to grow at a CAGR of 5.8% over the forecast period.

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