Reinsurance in Canada, Key Trends and Opportunities to 2020

GlobalData’s 'Reinsurance in Canada, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Canadian reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Canadian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Canadian insurance industry.

The report brings together GlobalData’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access the profiles of reinsurers operating in the country.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Canada:

• It provides historical values for the Canadian reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Canadian reinsurance segment, and market forecasts to 2020.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Canada, and the reinsurance segment's growth prospects.

• It analyzes various natural and man-made hazards and their impact on the Canadian insurance industry.

Key Highlights

• The Canadian reinsurance segment is competitive, featuring both domestic and foreign reinsurers such as Munich Reinsurance Company of Canada, Swiss Reinsurance Company Ltd, RGA Life Reinsurance Company of Canada, Hannover Rück SE and Employers Reassurance Corporation.

• Despite persistent soft market conditions and a lack of significant developments in reinsurance, the premium ceded by primary insurance segments registered positive growth during the review period..

• In November 2013, the Office of the OSFI changed the regulation for obtaining approval for an unregistered related party reinsurance agreement between FRIs and unregistered reinsurers.

Reasons to buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Canadian reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian reinsurance segment.

• Identify 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.

Companies mentioned

Munich Reinsurance Company

Swiss Reinsurance Company Ltd (Life Branch)

RGA Life Reinsurance Company of Canada

Hannover Rück SE

Employers Reassurance Corporation

Everest Reinsurance Company

Scor Canada Reinsurance Company

Aurigen Reinsurance Company

Partner Reinsurance Company of the US

Odyssey Reinsurance Company

Table of Contents

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 REINSURANCE OUTLOOK

4.1 Reinsurance Segment Size, 2011–2020

4.1.1 Total Reinsurance Premium Accepted

4.2 Reinsurance Segment Size by Premium Ceded, 2011–2020

6 NATURAL AND MAN-MADE HAZARDS

6.1 Flooding

6.2 Storms

6.3 Earthquakes

6.4 Wildfires

6.5 Exposure

5 COMPETITIVE LANDSCAPE

5.1 Company Profiles

5.1.1 Munich Reinsurance Company – company overview

5.1.2 Swiss Reinsurance Company Ltd – company overview

5.1.3 RGA Life Reinsurance Company of Canada – company overview

5.1.4 Hannover Rück SE – company overview

5.1.5 Employers Reassurance Corporation – company overview

6 DEFINITION AND METHODOLOGY

6.1 Definitions

6.2 Methodology

7 ABOUT TIMETRIC

7.1 Contact GlobalData

7.2 About GlobalData

7.3 GlobalData’s Services

7.4 Disclaimer

List of Tables

Table 1: Canada Reinsurance – Key Facts, 2014

Table 2: Canadian Reinsurance – Segment Shares of the Top Insurers, 2015

Table 3: Canadian Government Credit Ratings

Table 4: Canadian Reinsurance – Total Premium Accepted (CAD Billion and US$ Billion), 2011–2015

Table 5: Canadian Reinsurance – Total Premium Accepted (CAD Billion and US$ Billion), 2015–2020

Table 6: Canadian Reinsurance – Premium Ceded by Type of Insurance (CAD Billion), 2011–2015

Table 7: Canadian Reinsurance – Premium Ceded by Type of Insurance (CAD Billion), 2015–2020

Table 8: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 9: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 10: Canadian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 11: Canadian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 12: Canadian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 13: Canadian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 14: Canadian Reinsurance Industry – Market Shares of Leading Insurers (%), 2015

Table 15: Munich Reinsurance Company – Key Facts

Table 16: Swiss Reinsurance Company Ltd – Key Facts

Table 17: RGA Life Reinsurance Company of Canada – Key Facts

Table 18: Hannover Rück SE – Key Facts

Table 19: Employers Reassurance Corporation – Key Facts

Table 20: Insurance Industry Definitions

List of Figures

Figure 1: Canadian Real GDP (CAD Trillion), 2011–2020

Figure 2: Canadian Consumer Price Inflation (%), 2011–2020

Figure 3: Canadian Current Account Balance as Percentage of GDP (%), 2011–2015

Figure 4: CAD–US$ Exchange Rate, 2011–2020

Figure 5: Canadian Unemployment Rate, 2011–2020

Figure 6: Canadian Population by Age Group, 1991–2025

Figure 7: Canadian Reinsurance – Total Premium Accepted (CAD Billion), 2011–2020

Figure 8: Canadian Reinsurance – Premium Ceded by Type of Insurance (CAD Billion), 2011–2020

Figure 9: Canadian Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020

Figure 10: Canadian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 11: Canadian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 12: Canadian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 13: Canadian – Frequency of Hazards by Type, 1990–2014

Figure 14: Canadian Mortality by Hazards Type, 1990–2014

Figure 15: Canadian Economic Loss by Hazards Type, 1990–2014

Figure 16: Canadian Reinsurance Industry – Market Shares of Leading Insurers (%), 2015

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