Lewes, DE -- (SBWire) -- 02/05/2015 --The report provides in-depth market analysis, information and insights into the Canadian personal accident and health insurance segment, including:
- The Canadian personal accident and health insurance segment's growth prospects by insurance category
- Key trends, drivers and challenges for the personal accident and health insurance segment
- The various distribution channels in the Canadian personal accident and health insurance segment
- The detailed competitive landscape in the personal accident and health insurance segment in Canada
- Detailed regulatory policies of the Canadian insurance industry
- Analysis of various consumer segments in Canadian personal accident and health insurance
- Key developments in the Canadian personal accident and health insurance segment
- New products launched by Canadian personal accident and health insurers
Rises in healthcare costs, the elderly population, international tourism and awareness of health insurance drove Canada's personal accident and health segment during the review period (2009–2013). The segment's gross written premium rose at a review-period compound annual growth rate (CAGR) of 6.8%. The segment is dominated by health insurance, which held 93.0% of the gross written premium in 2013.
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Canada:
- It provides historical values for the Canadian personal accident and health 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 personal accident and health 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 personal accident and health insurance products in Canada.
- It profiles the top personal accident and health insurance companies in Canada and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to Canadian personal accident and health insurance segment and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Canadian personal accident and health insurance segment.
- Assess the competitive dynamics in the personal accident and health 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
- The Canadian personal accident and health segment grew at a review-period CAGR of 6.8%. The segment is dominated by health insurance, which accounted for 93.0% of its gross written premium in 2013.
- Healthcare financing in Canada is a mix of public and private participation.
- Canada has a large aged population. With the proportion of the population aged 65 and older rising, it is expected to generate higher demand for health insurance.
- Health insurance accounted for the largest share of 55.3%, followed by the personal accident insurance with 43.8% of the overall personal accident and health insurance segment in Canada in 2013.
- Despite the global financial crisis and weak economic development in Canada, travel insurance was the segment's fastest-growing category during the review period, with a CAGR of 12.9%.
- The low penetration of personal accident and health insurance, which stood at 1.3% in 2013, indicates a potential opportunity for private insurers.
Spanning over 230 pages, "Personal Accident and Health Insurance in Canada, Key Trends and Opportunities to 2018" report covering the Key Facts and Events, Executive Summary, Introduction, Canadian Insurance Industry Attractiveness, Personal Accident and Health Insurance Segment Outlook, Analysis by Distribution Channel, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Appendix – 1, Appendix – 2. The report covered companies are - Manufacturers Life Insurance Company, Sun Life Assurance Company of Canada, Great-West Life Assurance Company, Canada Life Assurance Company, RBC Life Insurance Company, Standard Life Assurance Company of Canada, State Farm Mutual Automobile Insurance Company, The Dominion of Canada General Insurance Company, Economical Mutual Insurance Company.
For further information on this report, please visit- http://www.marketresearchreports.com/timetric/personal-accident-and-health-insurance-canada-key-trends-and-opportunities-2018
Related reports are;
1st- Life Insurance in Canada, Key Trends and Opportunities to 2018 - visit at: http://www.marketresearchreports.com/timetric/life-insurance-canada-key-trends-and-opportunities-2018
2nd- Non-Life Insurance in Canada, Key Trends and Opportunities to 2018 - visit at: http://www.marketresearchreports.com/timetric/non-life-insurance-canada-key-trends-and-opportunities-2018
3rd- Reinsurance in Canada, Key Trends and Opportunities to 2018 - visit at: http://www.marketresearchreports.com/timetric/reinsurance-canada-key-trends-and-opportunities-2018
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