Reinsurance in Canada, Key Trends and Opportunities to 2019

Date: 2015-12

“• The Canadian insurance industry’s 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%. .

• In 2013, several natural catastrophes such as floods in Alberta and subsequent losses caused problems for the Canadian insurance industry.

• Favorable regulatory changes also helped the Canadian reinsurance segment.

• The top three companies accumulated 87.3% of the segment’s gross written premium in 2014. Munich Reinsurance Company of Canada was the largest reinsurer in Canada, with a 75.9% share in 2014.”

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