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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Canadian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Canada's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Canadian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Canada's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Canada's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Canada, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Canada, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Canada with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The non-life market in Canada is mature and sophisticated and dominated by a few large local insurers and foreign companies from Europe and the US, with nearly half the Canadian non-life insurance industry by premium volume being owned by foreign interests.
Business in Ontario dominates the market, followed by that in Alberta and Quebec. These three provinces, together with British Columbia, Saskatchewan and Nova Scotia account for nearly 95% ....
This is a brief extract of information; more updated information may be available in the latest published report
