10 Canadian Life & Health Insurance Facts // 2022 Edition
Life and health insurers collected
$
139 billion in premium revenues
More than 150 life and health insurers,
their subsidiaries and affiliates operate
in Canada*
2021
45%
37%
18%
2019
42%
39%
19%
2017
43%
39%
18%
2015
41%
40%
19%
2013
43%
39%
18%
2011
43%
38%
19%
$
120B
$
140B
$
80B
$
100B
$
60B
$
40B
$
20B
Total premiums rose to $139 billion in 2021.** This was led
by annuities (including segregated funds), up 20.7 per cent;
followed by health insurance, up 8.1 per cent; life insurance,
up 6.1 per cent.
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
* This 150 includes the
subsidiaries of the 63
CLHIA member companies
mentioned on page 7.
** Including premium
revenues of $3.6 billion from
foreign branches operating
in Canada.
Consumer complaints
Visit www.olhi.ca
Consumer protection
Visit www.assuris.ca
By lines of business
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insurance
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solutions
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insurance
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