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, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 NA
2011 $1,335.0
2012 1,389.0
2013 1,518.0
2014 1,579.0

(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.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $73,235
Life premiums 52,138
Total premiums $125,373
Percent of total world premiums 2.62%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company CAD Mn USD Mn
Intact Insurance Company 6,201.0 5,606.2
Aviva Insurance Company of Canada 3,226.8 2,917.2
Security National Insurance Company 3,006.3 2,717.9
Lloyd's Underwriters 2,594.2 2,345.4
Wawanesa Mutual Insurance Company (The) 2,573.1 2,326.3
Co-operators General Insurance Company 2,293.4 2,073.4
Economical Mutual Insurance Company 1,963.0 1,774.7
Royal & Sun Alliance Insurance Company of Canada 1,849.4 1,672.0
Personal Insurance Company (The) 1,367.1 1,236.0
Allstate Insurance Company of Canada 1,261.7 1,140.7

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company CAD Mn USD Mn
Great-West Life Assurance Company (The) 13,609.7 12,304.2
Sun Life Assurance Company of Canada 9,743.8 8,809.1
Manufacturers Life Insurance Company (The) 8,549.0 7,728.9
Canada Life Assurance Company (The) 5,305.7 4,796.8
London Life Insurance Company 3,246.7 2,935.2
Standard Life Assurance Company of Canada (The) 1,351.1 1,221.5
RBC Life Insurance Company 1,264.7 1,143.4
BMO Life Insurance Company 1,023.7 925.5
Empire Life Insurance Company (The) 971.6 878.4
Co-operators Life Insurance Company 968.7 875.8

Source: Axco Insurance Information Services.

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