When combined, surplus earnings from property and casualty insurance, wealth management and life and health insurance de
Five players account for 78% of the market.
Despite falling interest rates, debt remains a sensitive issue.
Regulators have tightened their regulatory capital requirements.
Canadian insurers follow the trend in accelerated underwriting, but to a lesser extent.
Insurers look for ways to more effectively promote them to group plan members.
The big three insurers in the Canadian market accounted for 74.2% of total insurance revenues in Canada in 2023.