Canadian Insurance Industry: Industry Report

Canadian Insurance Industry

Product Type: Market Research Report
Published by: Global Industry Analysts
Published: March 2008
Product Code: R263-3388

Description

The Canadian Insurance Industry Report provides insightful analysis, market briefs, industry structure and outlook of life and property & casualty (P&C)/ general insurance industries in the country. The report also examines the reinsurance industry and other sectors of non-life insurance industry like property, workers compensation/employers liability, accident, and automobile insurance among others. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. Get a bird’s eye view of the latest launches of insurance products by major industry players in the country. The report also peeps into the recent past/ historical perspective of the country’s insurance market and corporate developments within the industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. The report discusses several key and niche players such as Canada Life, Great-West Lifeco Inc., ING Canada Inc., Manulife Financial Corp., and Sun Life Financial.

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Table of Contents

1. Industry Review: Premium in US$, and Penetration of Insurance by Category -; Life & Non-Life; Expanded Capacity in P&C Eases up Rates; M & A and Overseas Sales: Driving the Market; Insurance-Related Organizations and Their Functions; Insurance Rate System
2. Canadian Insurance Industry Structure: Policy Wording; Premium Payment; Taxes on Premiums; Non-Admitted Coverage; Brokers - Writers of Commercial Insurance; Claims Handling; Two-Tiered Landscape
3. Regulatory Framework and Environment: Principal Regulatory Agencies in Canada; Insurance Bureau of Canada; The Property and Casualty Insurance Compensation Corporation (PACICC)
4. Distribution/Marketing Channels: The Traditional Channel; The Contemporary Channel
5. Natural Disasters
6. Key Trends and Issues: Industry on a Consolidation Spree; Industry Shows Glimpse of Maturity; IDA Firms Witness Decline in Insurance Sale; Insurance Crimes on Rise; Financial Services Sector Reforms; Industry Claims Agreements; Insurance Does a Dampener to Air Shows; Auto Losses Rise; Auto Thefts; Insurance Premiums for Midwives in Canada Hiked
7. Insurance Types & Coverage: Property; Boiler and Machinery; Crime; Marine; Engineering/Construction; Automobile; Liability; Workers Compensation/Employers Liability
8. Key Insurance Sectors - An Analysis: 8a. Life Insurance Sector; 8b. Property and Casualty/General Insurance; 8c. Reinsurance
9. Mid-90s: A Historic Review
10. Product Launches: Manulife Launches LivingCare Long Term Insurance Product; Kanetix Launches Online Version of Term Life Insurance; Manulife Launches New Group Retirement Income Plan; Canada Life Reintroduces Lifetime Protector Whole-of-Life; Insurance Policy; Canada Life Adds New Features to Offshore Flexible Life Plan
11. Recent Industry Activity: Manulife Acquires Berkshire-TWC Financial Group; Royal & Sun Alliance to Take Over Canadian Northern Shield; Unity Life Acquires Prudential Insurance; Mobility Saint-Honore Acquires Norfolk International; Allianz Insurance Co and Nordic Insurance Co Plan Merger; Industrial Alliance Makes Quick Moves for Creating a High Profile Asset Management Company; CTRH to Acquire CORIFRANCE and Terra Nova SAS; Emergis Acquires National Data Corp of Canada; AXA Canada Signs an Agreement to Acquire Citadel; Hub International Limited Acquires Personal Lines Brokerage; Optimum General’s Subsidiaries Merge; Mercer Human Resource Consulting Acquires RCM Consulting Group; Hub International Acquires TILCO Financial Services Limited; RBC Insurance Acquires Provident Life and Accident Insurance Co; Meloche Acquires Insurance Operations of Liberty Mutual; Fidelity Takes Over LandCanada; Canada Life Acquires Disability and Life Insurance Operations of Royal & SunAlliance; Manulife Financial Concludes an Acquisition Agreement with Chinfon Global; BF&M Joins Forces with Sun; CGI Group, Industrial-Alliance Renew Service Contract; Insurance Services Office and Insurers’ Advisory Organization Form Alliance; Sun Life-China Eyebright JV Gets Government Nod; Anthony Clark International Insurance Brokers Acquires 779451 Alberta; Transamerica Life Insurance and NN Life Insurance Merge; BCE Emergis Acquires Associates for Health Care; ING Canada Acquires Zurich North America Canada’s Insurance Operations; Canada Life Assurance Forms Alliance with Ohio National Financial Services; Pethealth Markets Policies for Pets Adopted from Petfinder.com; Jamieson Laboratories Signs Contracts with Health Management Organizations; Clarica Sells Milwaukee to National Guardian
12. Focus on Select Players: Canada Life Assurance Company; Great-West Lifeco Inc. - A Leading Canadian Life/Health Insurer; ING Canada Inc.; Manulife Financial Corp.; Sun Life Financial Inc

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