Canadian Life & Health Insurance Facts // 2025 Edition 27
International Operations
I N D U S T R Y I N D E T A I L
Canadian life and health insurers are trusted at home and around
the globe
* This is a measure as defined in IFRS 17 and has been used since 2023.
** Includes the Caribbean and Latin American countries
Canadian insurers continue to grow their international operations
Assets held by Canadian life and health insurers on behalf of all policyholders outside of
Canada amounted to over $1.5 trillion at the end of 2024, twice the level from ten years ago.
Source of insurance service revenue
International operations contributed 44 per cent
of the insurance service revenue* of Canadian life
and health insurers in 2024.
20
3
90
million 236,000
countries
& territories
Canadian life and
insurance companies
are among the largest
in the world
people protected
outside of Canada
people employed
outside of Canada
8 %
ASIA & OTHER**
25%
USA
56%
CANADA
11%
EUROPE
2024 2022 2020 2018 2016 2014
$
1.2
TRILLION
$
1.5
TRILLION
$
1.2
TRILLION
$
0.9
TRILLION
$
0.9
TRILLION
$
0.7
TRILLION
$
1.6T
$
1.2T
$
0.8T
$
0.4T
