2
Protects almost 29 million
Canadians
through a wide
range of financial security
products
A highly competitive marketplace with 156
insurers protecting consumers with life and
health insurance and retirement savings
products
Health insurance
providers*
Life insurance and
annuity providers
155,200
Canadians work in the
industry – growing at
about 2.5% annually
over the past 10 years
The industry is well capitalized (with an average
capital ratio* of 230% — well above the regulatory
target of 150%)
* 70 of these are in the life insurance market
* Measured as available capital to regulatory capital required
to cover risks
Canadian life insurers
operate in more than 20
countries
— 3 Canadian
companies rank among the
top 15 largest life insurers in
the world
133
93
Benefits paid to Canadians in
2017 by the industry, up 4.3%
from 2016; over 90% of these
went to living policyholders
$92B
well capitalize
230% — well ab
Industry at a glance
