Canada

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Bureau of Canada
Web: www.ibc.ca

 

POPULATION, 2011-2014 (1)

Year Population
2011 34,030,589
2012 34,300,083
2013 34,568,211
2014 34,834,841

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

 

Year GDP
2009 $1,336.0
2010 NA
2011 1,335.0
2012 1,389.0
2013 1,518.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

NA=Data not available.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $73,010
Life premiums 52,334
Total premiums $125,344
Percent of total world premiums 2.70%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company CAD Mn USD Mn
Intact Insurance Company  5,347.9 5,352.3
Aviva Insurance Company of Canada  2,753.4 2,755.6
Security National Insurance Company 2,707.2 2,709.4
Wawanesa Mutual Insurance Company (The)  2,477.9 2,479.9
Cooperators General Insurance Company 2,095.3 2,097.0
Lloyd's Underwriters  2,094.0 2,095.7
Economical Mutual Insurance Company 1,819.7 1,821.2
Royal & Sun Alliance Insurance Company of Canada  1,600.4 1,601.7
State Farm Mutual Automobile Insurance Company 1,341.0 1,342.0
Dominion of Canada General Insurance Company (The)  1,273.5 1,274.6

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company CAD Mn USD Mn
Great-West Life Assurance Company (The)  11,950.6 11,960.3
Manufacturers Life Insurance Company (The)  8,752.2 8,759.3
Sun Life Assurance Company of Canada  8,593.8 8,600.7
Canada Life Assurance Company (The)  4,295.5 4,298.9
London Life Insurance Company  3,080.5 3,083.0
RBC Life Insurance Company  1,280.9 1,282.0
Standard Life Assurance Company of Canada (The)  1,018.6 1,019.4
Empire Life Insurance Company (The)  902.7 903.5
Transamerica Life Canada  805.2 805.9
Co-operators Life Insurance Company  794.2 794.9

Source: Axco Insurance Information Services.

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