Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2019

Date: 2015-12

“• Personal accident and health insurance accounted for 22.1% of the Canadian insurance industry’s gross written premium in 2014.

• This segment recorded a review-period CAGR of 5.6%.

• The health insurance category accounted for 95.9% of the segment’s gross written premium in 2014, followed by personal accident insurance.

• Personal accident and health insurance’s low penetration, which stood at 1.1% in 2014, indicates a potential opportunity for private insurers.

• Canada has a large aging population, with the proportion of the population aged 65 and above rising from 15.5% in 2010 to 17.3% in 2014.”

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