Canadian Life & Health Insurance Facts // 2026 Edition 10
The Canadian Life & Health Insurance Marketplace
I N D U S T R Y P R O F I L E
Life and health insurers collected $183 billion in premiums
Total premiums and annuity contributions increased $15 billion to $183 billion in 2025.*
This was led by annuities (including segregated funds), up 10.5 per cent; life insurance, up
10.4 per cent; followed by health insurance**, up 6.5 per cent.
Insurers are focused on
customer satisfaction
Insurers process hundreds of millions of claims annually,
yet according to the OmbudService for Life and Health
Insurance only about one in every 100,000 claims results in
a complaint.
* Includes premiums of $3.9 billion from foreign branches operating in Canada.
** Based on revised health insurance premiums for 2024
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2025 2023 2021 2019 2017 2015
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Health
Annuities
Life
