2
Protects over 28 million
Canadians
through a wide
range of financial security
products
A highly competitive marketplace with 153
insurers protecting consumers with life and
health insurance and retirement savings
products
Health insurance
providers*
Life insurance and
annuity providers
154,800
Canadians work in the
industry – an increase
of over 5,000 from 2015
The industry is well capitalized (with an average
capital ratio* of 233% — well above the regulatory
target of 150%)
* 70 of these are in the life insurance market
* Measured as available capital to regulatory capital required
to cover risks
Canadian life insurers
operate in more than 20
countries
— 3 Canadian
companies rank among the
top 15 largest life insurers in
the world
well capitalize
233% — well ab
132
91
Benefits paid to Canadians in
2016 by the industry, up 4.6%
from 2015; over 90% of these
went to living policyholders
$88B
Industry at a glance
