CLHIA-ACCAP

Canadian Life and Health Insurance Facts - 2021

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20 Canadian Life & Health Insurance Facts // 2021 Edition Insurers manage 8 per cent of Canada's pension assets Insurers held $342 billion of the $4.3 trillion in total pension assets in Canada in 2020. This includes assets in 15,400 private employer-based plans that provide retirement protection for over 3 million people.* Private $ 747B Employer-based plans $185 billion of which is managed by life insurers, accounting for 70% of private pension plans, primarily for small-to medium-sized businesses Personal $ 1,336B RRSPs, TFSAs, etc. $156 billion of which is managed by life insurers Public $ 503B + $ 1,664B = $ 2167B CPP/QPP + government employees** Notes *According to Statistics Canada Pension Satellite Account, 2019. Data excludes unfunded liabilities for public Old Age Security of about $1.6 trillion. **This includes employees at all levels of government

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