10 Canadian Life & Health Insurance Facts // 2021 Edition
Life and health insurers collected
$
123 billion in premium revenues
Total premiums rose to $123 billion in 2020.** This was led
by life insurance, up 3.3 per cent; followed by annuities
(including segregated funds), up 1.9 per cent; and health
insurance, down 2 per cent.
Life
Health
Segregated
funds
Annuities
2020
42%
38%
20%
2018
42%
39%
19%
2016
43%
39%
18%
2014
41%
40%
19%
2012
43%
39%
18%
2010
43%
38%
19%
$
120B
$
140B
$
80B
$
100B
$
60B
$
40B
$
20B
Insurers are focused on
customer satisfaction
Insurers process hundreds of millions
of claims annually, and only about
one in every 100,000 claims results in
a complaint.
Notes
* CLHIA's 64 member
companies include 94 life
and health insurers, their
subsidiaries and affiliates
operating in Canada
** Including premium
revenues of $3.7 billion from
foreign branches operating
in Canada
Consumer complaints
Visit www.olhi.ca
Consumer protection
Visit www.assuris.ca
Total benefits paid
for life, health and
retirement have
increased over 40%
from a decade ago
