Canada Life Insurance Companies Market Share

1 2020 the great west life assurance company london life insurance company and the canada life assurance company became one company the canada life assurance company.

Canada life insurance companies market share. Statistics for canada are available here. In canada the largest insurance company in terms of total assets in 2018 was manulife financial with approximately 750 million canadian dollars. Sun life financial manulife and great west life prevailed over 65 3 of the canadian group insurance market last year. The group universe report by fraser group breaks down the market share of the 10 largest group insurance carriers in canada.

In terms of business segments personal and auto accounts for nearly 40 of dpw direct premium written followed by personal property 20 commercial lines canada 25 and commercial lines usa 15. X x lock purchase this report or a membership to unlock the average company profit margin for this industry. Pdf file format 152k statistics for quebec are available here. 2015 group insurance revenue compiled by the fraser group confirms the unrelenting domination of three lifecos.

The company enjoys a 17 share in the p c insurance market in canada. A public summary is available for download below. Intact group held the largest market share of the. Property and casualty companies.

Life and fraternal companies. It is also less concentrated than the banking or life insurance industries with 10 companies controlling roughly 60 percent of the market share. Stonehaven uk limited and mgm advantage life limited trading as canada life are subsidiaries of the canada life group u k limited. Stonehaven uk ltd is authorised and regulated by the financial conduct authority.

It will take some time to update our websites materials and forms so until we re done all references to great west life or london life are to be understood. There are approximately 160 life and health insurers competing in the canadian market. In 2006 they controlled 66 7. The canadian p c insurance industry provides a range of private home car and business insurance.

Fraser group produces the group universe report for its clients each year estimating market size and market share of the canadian group life and health business.