Issue link: http://clhia.uberflip.com/i/684558
Life and Health Insurers Working Together For A Better Canada 24 million - With supplementary health benefits 22 million - With life insurance averaging $193,700 per insured 12 million - With disability income protection Protecting 28 million Canadians The industry is highly competitive with over 100 life and health insurers providing Canadians with an extensive selection of life, health and disability insurance products as well as wealth management services. Canadian insurers are internationally successful, operating in more than 20 countries and territories around the world, with just over half of their global assets held for operations outside Canada. Three Canadian life insurers rank amongst the top 15 of the world's largest life insurance companies. The industry employs over 155,000 Canadians, with nearly 55,000 managerial and administrative staff and over 100,000 agents, working from offices and agencies across the country. $41.5 billion - Annuities $30.9 billion - Health and disability claims $ 8.6 billion - Life insurance policies $ 2.5 billion - Policyholder dividends $83.5 billion in payments to Canadians $721 billion - Total assets $630 billion - 90% held in long-term investments Investing for Canadians $1.1 billion - Corporate income tax $1.2 billion - Payroll and other taxes $1.1 billion - Premium tax $2.2 billion - Retail sales tax remitted $5.6 billion in taxes paid and collected