In 2021,
Canada's life and health insurers...
2 Canadian Life & Health Insurance Facts // 2022 Edition
Paid out
$580 million for
mental health
support - up 45%
from 2020, and
75% since 2019
Employed
over 166,000
Canadians -
up more than
5,000
Paid a record
$30.4 billion in
claims for health,
drugs and dental
care – up 14%
from 2020
Paid out
$113 billion in total
claims, up 17% from
2020 and nearly
$10 billion above
pre-pandemic
levels
Paid a record
$58 billion in
annuity claims -
up 26%
Provided
coverage for
over 29 million
– or 76% of
Canadians
Provided
insurance
products to nearly
100 million
people
worldwide
