Canadian Life and Health Insurance Facts - 2020

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24 Canadian Life & Health Insurance Facts // 2020 Edition Notes * the industry's contribution is especially high for health insurance, accounting for over 50% of value-add generated. See Piling On - How Provincial Taxation of Insurance Premiums Costs Consumers, CD Howe Institute. International operations ** Includes the Caribbean and Latin American Canada's insurers provide coverage and services to 65 million people in over 20 jurisdictions. In fact, three of Canada's life and health insurers rank among the top 15 largest in the world. Source of premiums Revenue from premiums outside of North America have more than doubled since 2014 Canadian life and health insurers are trusted at home and around the globe Assets held by Canadian life and health insurers on behalf of policyholders outside of Canada amounted to over $950 billion at the end of 2019, up 31 per cent from five years ago. Canadian insurers' foreign assets continue to grow 2014 2016 2018 2015 2017 2019 $ 70B $ 35B 57.9% Canada USA Asia Europe Other** 11.1% 11.1% 8.1% 11.8% countries & territories 20 people employed outside of Canada 190,000 people protected outside of Canada 65M

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