Using data provided by MSA Research, Insurance Portal presents the market shares of life insurers in Canada for the year 2022. 

The volume of premiums surged by nearly 8% to exceed $85 billions. The three largest insurers in the country (Canada Life, Sun Life, and Manulife) continue to dominate, commanding nearly 55% of the market in 2022. 

Including iA Financial Group, the only other insurer with a premium volume exceeding $10 billions in Canada in 2022, the top four insurers monopolize nearly two-thirds of the market. 

With Desjardins Insurance following in the rankings, the top five players represent nearly three-quarters (74%) of the country's life insurance market. 

This article is a Magazine Supplement for the November issue of the Insurance Journal.