“â¢ The Canadian insurance industryâs robust review-period growth, and frequent natural disasters, which forced insurers to share larger proportions of risk, drove growth reinsurance to record a review-period compound annual growth rate of 5.5%. .
â¢ In 2013, several natural catastrophes such as floods in Alberta and subsequent losses caused problems for the Canadian insurance industry.
â¢ Favorable regulatory changes also helped the Canadian reinsurance segment.
â¢ The top three companies accumulated 87.3% of the segmentâs gross written premium in 2014. Munich Reinsurance Company of Canada was the largest reinsurer in Canada, with a 75.9% share in 2014.”