In 2022,
Canada's life and
health insurers...
Canadian Life & Health Insurance Facts // 2023 Edition
3
provided coverage for over 29 million –
or 74% of Canadians
paid out $114 billion in total claims –
up 10% from 2019
paid a record $32.5 billion in claims for health,
drugs and dental care – up 7% from 2021
paid $650 million for mental health support –
up 10% from 2021, and nearly double since 2019
employed over 170,000 Canadians –
up more than 3,000
provided insurance products to
over 100 million people worldwide
