Synopsis
Life insurance is the largest segment in the Canadian insurance industry, accounting for 39.8% of its gross written premium in 2013. It is also the most developed segment, with a penetration rate of 2.3% in 2013. However, the segment posted a compound annual growth rate (CAGR) of -0.2% during the review period (2009–2013). The segment’s decline was associated with prolonged low interest rates, rising levels of household debt and weak economic development. With insurers adopting innovative pricing and risk-averse strategies for their products, a rise in employment and an increase in consumer confidence is expected to increase the segment over the forecast period.
Scope
This report provides a comprehensive analysis of the life insurance segment in Canada:
• It provides historical values for the Canadian life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Canadian life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for life insurance products in Canada.
• It profiles the top life insurance companies in Canada and outlines the key regulations affecting them.
Summary
The report provides in-depth market analysis, information and insights into the Canadian life insurance segment, including:
• The Canadian life insurance segment’s growth prospects by life insurance category
• Key trends, drivers and challenges for the life insurance segment
• The various distribution channels in the Canadian life insurance segment
• The detailed competitive landscape in the life insurance segment in Canada
• Detailed regulatory policies of the Canadian insurance industry
• Analysis of various consumer segments in Canadian life insurance
• Key developments in the Canadian life insurance segment
• New products launched by Canadian life insurers
Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Canadian life insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian life insurance segment.
• Assess the competitive dynamics in the life insurance segment.
• Identify the growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Canadian insurance industry and their impact on companies and the industry's future.
Key highlights
• Life insurance is the largest segment in the Canadian insurance industry, accounting for 39.8% of its gross written premium in 2013.
• It is also the most developed segment, with a penetration rate of 2.3% in 2013.
• The segment declined in the review period due to a prolonged period of low interest rates, rising levels of household debt and weak economic development.
• On October 7, 2014, the Ministry of State (Finance) announced that Sun Life, Great West Life, Manulife, Standard Life and Industrial Alliance were eligible to issue Pooled Registered Pension Plans (PRPPs) to employees working in companies in federally regulated provinces
• The life segment is sufficiently capitalized, with the three-largest life insurers ranking among the world’s top 15 in terms of stock market capitalization.
• The sluggish economic environment and historic low interest rates have forced insurers to adopt innovative strategies. Insurers will expand their product offerings through government approvals for pooled registered pension plans (PRPPs) and voluntary retirement savings plans (VRSPs) by private insurers.
Table Of Contents
Manulife Financial Corporation
Great-West Life Assurance Company
Sun Life Financial Inc.
RBC Life Insurance Company
Standard Life Assurance Company of Canada
Transamerica Life Canada
Empire Life Insurance Company
Co-operators Life Insurance Company
BMO Life Insurance Company
Equitable Life Insurance Company of Canada
List Of Tables
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Canadian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual general annuity insurance
5.7 Group Life Insurance
5.7.1 Group whole life insurance
5.7.2 Group superannuation insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Liability insurance
7.2.5 Marine, aviation and transit insurance
7.2.6 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor third-party liability insurance
7.3.2 Marine liability insurance
7.3.3 Workmen's compensation
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 Office of the Superintendent of Financial Institutions Canada (OSFI)
7.4.3 Canadian Council of Insurance Regulators (CCIR)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Canadian Life Segment
8.3 Comparison of the Top Five Insurers
8.3.1 Gross written premium
8.3.2 Paid claims
8.3.3 Total assets
8.3.4 Investment income
8.4 Leading Life Insurers New Product Launches
8.5 Leading Life Insurers Key Developments
8.6 Manulife Financial Corporation Overview
8.6.1 Manulife Financial Corporation key facts
8.6.2 Manulife Financial Corporation key financials
8.7 Great-West Life Assurance Company Overview
8.7.1 Great-West Life Assurance Company key facts
8.7.2 Great-West Life Assurance Company key financials
8.8 Sun Life Financial Inc. Overview
8.8.1 Sun Life Financial Inc. key facts
8.8.2 Sun Life Financial Inc. key financials
8.9 RBC Life Insurance Company Overview
8.9.1 RBC Life Insurance Company key facts
8.9.2 RBC Life Insurance Company key financials
8.1 Standard Life Assurance Company of Canada Overview
8.10.1 Standard Life Assurance Company of Canada key facts
8.10.2 Standard Life Assurance Company of Canada key financials
8.11 Empire Life Insurance Company Overview
8.11.1 Empire Life Insurance Company key facts
8.11.2 Empire Life Insurance Company key financials
8.12 Co-operators Life Insurance Company Overview
8.12.1 Co-operators Life Insurance Company key facts
8.12.2 Co-operators Life Insurance Company key financials
8.13 Transamerica Life Canada Overview
8.13.1 Transamerica Life Canada key facts
8.13.2 Transamerica Life Canada key financials
8.14 BMO Life Insurance Company Overview
8.14.1 BMO Life Insurance Company key facts
8.14.2 BMO Life Insurance Company key financials
9 Appendix 1
9.1 Business Confidence
9.1.1 Market capitalization trend the Canadian Stock Exchange
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP per capita at current prices (US$)
9.2.5 GDP by key sector
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.8 Manufacturing net output at current prices (US$)
9.2.9 Manufacturing net output at current prices as a percentage of GDP
9.2.10 Mining, manufacturing and utilities at current prices (US$)
9.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
9.2.12 Construction net output at current prices (US$)
9.2.13 Construction net output at current prices as a percentage of GDP
9.2.14 Inflation rate
9.2.15 Exports as a percentage of GDP
9.2.16 Imports as a percentage of GDP
9.2.17 Merchandise exports growth
9.2.18 Merchandise imports growth
9.2.19 Annual average exchange rate CAD–US$
9.3 Infrastructure
9.3.1 Commercial vehicle exports total value
9.3.2 Commercial vehicle imports total value
9.3.3 Automotive exports total value
9.3.4 Automotive imports total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Urban and rural populations
9.5.4 Age distribution of the total population
9.5.5 Life expectancy
10 Appendix 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List Of Figures
Table 1: Canadian Life Insurance Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Canadian Insurance Industry Gross Written Premium by Segment (CAD Billion), 2009–2013
Table 4: Canadian Insurance Industry Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Canadian Insurance Industry Gross Written Premium by Segment (CAD Billion), 2013–2018
Table 6: Canadian Insurance Industry Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Canadian Insurance Industry Gross Written Premium by Segment (Percentage Share), 2009–2018
Table 8: Canadian Insurance Industry Direct Written Premium by Segment (CAD Billion), 2009–2013
Table 9: Canadian Insurance Industry Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Canadian Insurance Industry Direct Written Premium by Segment (CAD Billion), 2013–2018
Table 11: Canadian Insurance Industry Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Canadian Insurance Industry Direct Written Premium by Segment (Percentage Share), 2009–2018
Table 13: Canadian Life Insurance Gross Written Premium by Category (CAD Billion), 2009–2013
Table 14: Canadian Life Insurance Gross Written Premium by Category (US$ Billion), 2009–2013
Table 15: Canadian Life Insurance Gross Written Premium by Category (CAD Billion), 2013–2018
Table 16: Canadian Life Insurance Gross Written Premium by Category (US$ Billion), 2013–2018
Table 17: Canadian Life Insurance New Business Written Premium (CAD Billion), 2009–2013
Table 18: Canadian Life Insurance New Business Written Premium (CAD Billion), 2013–2018
Table 19: Canadian Life Insurance Earned Premium (CAD Billion), 2009–2013
Table 20: Canadian Life Insurance Earned Premium (CAD Billion), 2013–2018
Table 21: Canadian Life Insurance Sum Assured (CAD Billion), 2009–2013
Table 22: Canadian Life Insurance Sum Assured (CAD Billion), 2013–2018
Table 23: Canadian Life Insurance Paid Claims (CAD Billion), 2009–2013
Table 24: Canadian Life Insurance Paid Claims (CAD Billion), 2013–2018
Table 25: Canadian Life Insurance Incurred Loss (CAD Billion), 2009–2013
Table 26: Canadian Life Insurance Incurred Loss (CAD Billion), 2013–2018
Table 27: Canadian Life Insurance Loss Ratio (%), 2009–2013
Table 28: Canadian Life Insurance Loss Ratio (%), 2013–2018
Table 29: Canadian Life Insurance Commissions and Expenses (CAD Billion), 2009–2013
Table 30: Canadian Life Insurance Commissions and Expenses (CAD Billion), 2013–2018
Table 31: Canadian Life Insurance Combined Ratio (%), 2009–2013
Table 32: Canadian Life Insurance Combined Ratio (%), 2013–2018
Table 33: Canadian Life Insurance Frauds and Crimes (CAD Billion), 2009–2013
Table 34: Canadian Life Insurance Frauds and Crimes (CAD Billion), 2013–2018
Table 35: Canadian Life Insurance Total Assets (CAD Billion), 2009–2013
Table 36: Canadian Life Insurance Total Assets (CAD Billion), 2013–2018
Table 37: Canadian Life Insurance Total Investment Income (CAD Billion), 2009–2013
Table 38: Canadian Life Insurance Total Investment Income (CAD Billion), 2013–2018
Table 39: Canadian Life Insurance Retentions (CAD Billion), 2009–2013
Table 40: Canadian Life Insurance Retentions (CAD Billion), 2013–2018
Table 41: Canadian Individual Life Insurance Gross Written Premium by Category (CAD Billion), 2009–2013
Table 42: Canadian Individual Life Insurance Gross Written Premium by Category (US$ Billion), 2009–2013
Table 43: Canadian Individual Life Insurance Gross Written Premium by Category (CAD Billion), 2013–2018
Table 44: Canadian Individual Life Insurance Gross Written Premium by Category (US$ Billion), 2013–2018
Table 45: Canadian Individual Life Insurance Direct Written Premium by Category (CAD Billion), 2009–2013
Table 46: Canadian Individual Life Insurance Direct Written Premium by Category (US$ Billion), 2009–2013
Table 47: Canadian Individual Life Insurance Direct Written Premium by Category (CAD Billion), 2013–2018
Table 48: Canadian Individual Life Insurance Direct Written Premium by Category (US$ Billion), 2013–2018
Table 49: Canadian Individual Life Insurance Policies by Category (Thousand), 2009–2013
Table 50: Canadian Individual Life Insurance Policies by Category (Thousand), 2013–2018
Table 51: Canadian Individual Whole Life Insurance Number of Active Policies (Thousand), 2009–2013
Table 52: Canadian Individual Whole Life Insurance Number of Active Policies (Thousand), 2013–2018
Table 53: Canadian Individual Whole Life Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 54: Canadian Individual Whole Life Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 55: Canadian Individual General Annuity Insurance Number of Active Policies (Thousand), 2009–2013
Table 56: Canadian Individual General Annuity Insurance Number of Active Policies (Thousand), 2013–2018
Table 57: Canadian Individual General Annuity Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 58: Canadian Individual General Annuity Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 59: Canadian Group Life Insurance Gross Written Premium by Category (CAD Billion), 2009–2013
Table 60: Canadian Group Life Insurance Gross Written Premium by Category (US$ Billion), 2009–2013
Table 61: Canadian Group Life Insurance Gross Written Premium by Category (CAD Billion), 2013–2018
Table 62: Canadian Group Life Insurance Gross Written Premium by Category (US$ Billion), 2013–2018
Table 63: Canadian Group Life Insurance Direct Written Premium by Category (CAD Billion), 2009–2013
Table 64: Canadian Group Life Insurance Direct Written Premium by Category (US$ Billion), 2009–2013
Table 65: Canadian Group Life Insurance Direct Written Premium by Category (CAD Billion), 2013–2018
Table 66: Canadian Group Life Insurance Direct Written Premium by Category (US$ Billion), 2013–2018
Table 67: Canadian Group Life Insurance Policies by Category (Thousand), 2009–2013
Table 68: Canadian Group Life Insurance Policies by Category (Thousand), 2013–2018
Table 69: Canadian Group Whole Life Insurance Number of Active Policies (Thousand), 2009–2013
Table 70: Canadian Group Whole Life Insurance Number of Active Policies (Thousand), 2013–2018
Table 71: Canadian Group Whole Life Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 72: Canadian Group Whole Life Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 73: Canadian Group Superannuation Insurance Number of Active Policies (Thousand), 2009–2013
Table 74: Canadian Group Superannuation Insurance Number of Active Policies (Thousand), 2013–2018
Table 75: Canadian Group Superannuation Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 76: Canadian Group Superannuation Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 77: Canadian Individual Single-Premium Insurance Number of Active Policies (Thousand), 2009–2013
Table 78: Canadian Individual Single-Premium Insurance Number of Active Policies (Thousand), 2013–2018
Table 79: Canadian Individual Single-Premium Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 80: Canadian Individual Single-Premium Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 81: Canadian Individual Single-Premium Insurance Direct Written Premium (CAD Billion), 2009–2013
Table 82: Canadian Individual Single-Premium Insurance Direct Written Premium (CAD Billion), 2013–2018
Table 83: Canadian Individual Non-Single-Premium Insurance Number of Active Policies (Thousand), 2009–2013
Table 84: Canadian Individual Non-Single-Premium Insurance Number of Active Policies (Thousand), 2013–2018
Table 85: Canadian Individual Non-Single-Premium Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 86: Canadian Individual Non-Single-Premium Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 87: Canadian Individual Non-Single-Premium Insurance Direct Written Premium (CAD Billion), 2009–2013
Table 88: Canadian Individual Non-Single-Premium Insurance Direct Written Premium (CAD Billion), 2013–2018
Table 89: Canadian Group Single-Premium Insurance Number of Active Policies (Thousand), 2009–2013
Table 90: Canadian Group Single-Premium Insurance Number of Active Policies (Thousand), 2013–2018
Table 91: Canadian Group Single-Premium Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 92: Canadian Group Single-Premium Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 93: Canadian Group Single-Premium Insurance Direct Written Premium (CAD Billion), 2009–2013
Table 94: Canadian Group Single-Premium Insurance Direct Written Premium (CAD Billion), 2013–2018
Table 95: Canadian Group Non-Single-Premium Insurance Number of Active Policies (Thousand), 2009–2013
Table 96: Canadian Group Non-Single-Premium Insurance Number of Active Policies (Thousand), 2013–2018
Table 97: Canadian Group Non-Single-Premium Insurance Gross Written Premium (CAD Billion), 2009–2013
Table 98: Canadian Group Non-Single-Premium Insurance Gross Written Premium (CAD Billion), 2013–2018
Table 99: Canadian Group Non-Single-Premium Insurance Direct Written Premium (CAD Billion), 2009–2013
Table 100: Canadian Group Non-Single-Premium Insurance Direct Written Premium (CAD Billion), 2013–2018
Table 101: Canadian Non-Linked Insurance Business Number of Active Policies (Thousand), 2009–2013
Table 102: Canadian Non-Linked Insurance Business Number of Active Policies (Thousand), 2013–2018
Table 103: Canadian Non-Linked Insurance Business Gross Written Premium (CAD Billion), 2009–2013
Table 104: Canadian Non-Linked Insurance Business Gross Written Premium (CAD Billion), 2013–2018
Table 105: Canadian Non-Linked Insurance Business Direct Written Premium (CAD Billion), 2009–2013
Table 106: Canadian Non-Linked Insurance Business Direct Written Premium (CAD Billion), 2013–2018
Table 107: Canadian Life Insurance Direct Marketing Commission Paid (CAD Million), 2009–2013
Table 108: Canadian Life Insurance Direct Marketing Commission Paid (CAD Million), 2013–2018
Table 109: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2009–2013
Table 110: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2013–2018
Table 111: Canadian Life Insurance New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 112: Canadian Life Insurance New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 113: Canadian Life Insurance Number of Direct Marketing Distributors, 2009–2013
Table 114: Canadian Life Insurance Number of Direct Marketing Distributors, 2013–2018
Table 115: Canadian Life Insurance Bancassurance Commission Paid (CAD Million), 2009–2013
Table 116: Canadian Life Insurance Bancassurance Commission Paid (CAD Million), 2013–2018
Table 117: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2009–2013
Table 118: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2013–2018
Table 119: Canadian Life Insurance New Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 120: Canadian Life Insurance New Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 121: Canadian Life Insurance Number of Bancassurance Distributors, 2009–2013
Table 122: Canadian Life Insurance Number of Bancassurance Distributors, 2013–2018
Table 123: Canadian Life Insurance Commission Paid to Agencies (CAD Billion), 2009–2013
Table 124: Canadian Life Insurance Commission Paid to Agencies (CAD Billion), 2013–2018
Table 125: Canadian Life Insurance New Business Gross Written Premium (CAD Billion), 2009–2013
Table 126: Canadian Life Insurance New Business Gross Written Premium (CAD Billion), 2013–2018
Table 127: Canadian Life Insurance New Policies Sold Through Agencies (Thousand), 2009–2013
Table 128: Canadian Life Insurance New Policies Sold Through Agencies (Thousand), 2013–2018
Table 129: Canadian Life Insurance Number of Agencies, 2009–2013
Table 130: Canadian Life Insurance Number of Agencies, 2013–2018
Table 131: Canadian Life Insurance E-Commerce Commission Paid (CAD Million), 2009–2013
Table 132: Canadian Life Insurance E-Commerce Commission Paid (CAD Million), 2013–2018
Table 133: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2009–2013
Table 134: Canadian Life Insurance Gross Written Premium New Business (CAD Million), 2013–2018
Table 135: Canadian Life Insurance New Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 136: Canadian Life Insurance New Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 137: Canadian Life Insurance Number of E-Commerce Distributors, 2009–2013
Table 138: Canadian Life Insurance Number of E-Commerce Distributors, 2013–2018
Table 139: Canadian Life Insurance Commission Paid to Brokers (CAD Billion), 2009–2013
Table 140: Canadian Life Insurance Commission Paid to Brokers (CAD Billion), 2013–2018
Table 141: Canadian Life Insurance New Business Gross Written Premium (CAD Billion), 2009–2013
Table 142: Canadian Life Insurance New Business Gross Written Premium (CAD Billion), 2013–2018
Table 143: Canadian Life Insurance New Policies Sold Through Brokers (Thousand), 2009–2013
Table 144: Canadian Life Insurance New Policies Sold Through Brokers (Thousand), 2013–2018
Table 145: Canadian Life Insurance Number of Brokers, 2009–2013
Table 146: Canadian Life Insurance Number of Brokers, 2013–2018
Table 147: Canadian Life Insurance Commission Paid to Other Channels (CAD Million), 2009–2013
Table 148: Canadian Life Insurance Commission Paid to Other Channels (CAD Million), 2013–2018
Table 149: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2009–2013
Table 150: Canadian Life Insurance New Business Gross Written Premium (CAD Million), 2013–2018
Table 151: Canadian Life Insurance New Policies Sold Through Other Channels (Thousand), 2009–2013
Table 152: Canadian Life Insurance New Policies Sold Through Other Channels (Thousand), 2013–2018
Table 153: Canadian Life Insurance Number of Distributors in Other Channels, 2009–2013
Table 154: Canadian Life Insurance Number of Distributors in Other Channels, 2013–2018
Table 155: Canada Life Insurance Regulatory Framework
Table 156: Canada Property Insurance Regulatory Framework
Table 157: Canada Motor Insurance Regulatory Framework
Table 158: Canada Liability Insurance Regulatory Framework
Table 159: Canada Legislations Governing Automobile Insurance in Each Province and Territory
Table 160: Canada Workmen's Compensation
Table 161: Canada Non-Admitted Insurance Regulatory Framework
Table 162: Canada Legislations Governing Motor Insurance in Each Province and Territory
Table 163: Canada Solvency Margin Requirements for Federally Regulated Insurance Companies
Table 164: Canada Insurance Premium Taxation
Table 165: Canada Corporate Tax Rates for the Financial Year 2014
Table 166: Shares of Key Insurers in the Canadian Life Segment (%), 2013
Table 167: Manulife Financial Corporation, Key Facts
Table 168: Manulife Financial Corporation, Key Financials (CAD Million), 2009–2013
Table 169: Great-West Life Assurance Company, Key Facts
Table 170: Great-West Life Assurance Company, Key Financials (CAD Million), 2009–2013
Table 171: Sun Life Financial Inc., Key Facts
Table 172: Sun Life Financial Inc., Key Financials (CAD Million), 2009–2013
Table 173: RBC Life Insurance Company, Key Facts
Table 174: RBC Life Insurance Company, Key Financials (CAD Million), 2009–2013
Table 175: Standard Life Assurance Company of Canada, Key Facts
Table 176: Standard Life Assurance Company of Canada, Key Financials (CAD Million), 2009–2013
Table 177: Empire Life Insurance Company, Key Facts
Table 178: Empire Life Insurance Company, Key Financials (CAD Million), 2009–2013
Table 179: Co-operators Life Insurance Company, Key Facts
Table 180: Co-operators Life Insurance Company, Key Financials (CAD Million), 2009–2013
Table 181: Transamerica Life Canada, Key Facts
Table 182: Transamerica Life Canada, Key Financials (CAD Million), 2009–2013
Table 183: BMO Life Insurance Company, Key Facts
Table 184: BMO Life Insurance Company, Key Financials (CAD Million), 2009–2013
