Issue link: http://clhia.uberflip.com/i/395998
Life and Health Insurance in BRITISH COLUMBIA "Facts and Figures", 2014 Edition presents authoritative, factual information about life and health insurance in British Columbia. For the first time, industry figures in this 2014 Edition include the business of fraternal benefit societies, provincial Blue Cross organizations and other not-for- profit health care benefit providers, in addition to insurance companies (life and property and casualty). Summary British Columbia Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2013) Individual 314,716 2,370,425 Group 184,848 1,689,450 Total 499,564 4,059,875 Life Insurance Purchases (Life insurance coverage – During 2013) Individual 30,059 222,129 Group 14,579 119,305 Total 44,638 341,434 Premium Income Life insurance Individual 2,066 13,028 Group 722 4,215 Annuities Individual 1,439 12,730 Group 1,752 24,617 Health benefit plans Individual 509 3,685 Group (Insured) 2,113 20,284 Group (Uninsured*) 1,991 13,675 Total 10,592 92,234 Policy Payments Life insurance 1,120 7,838 Annuities 3,852 35,314 Health benefits Insured plans 1,626 16,955 Uninsured contracts* 1,894 12,971 Dividends to policyholders 368 3,096 Total 8,860 76,174 Investments of Life and Health Insurance Providers (End of 2013) 69,985 580,249 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2013) (000) (000) Disability income 1,082 10,953 Extended health care 1,965 25,999 Dental care 1,670 15,351 *Includes uninsured employer sponsored contracts that are administered by life insurance companies and not-for-profit health care benefit providers such as provincial Blue Cross organizations