Reinsurance in Canada, Key Trends and Opportunities to 2017

Published: Jan, 2014 | Pages: 73 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Canadian reinsurance segment, including:
The Canadian reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment  
The Canadian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Canadian reinsurance segment  

Summary
Canadian reinsurance providers recorded negative premium growth during the review period, as a result of low premium growth registered by Canadian insurers which forced them to cut their reinsurance expenses, a low reinsurance-ceding trend, and weak economic development. Written premium in the Canadian reinsurance segment fell from CAD32.8 billion (US$30.7 billion) in 2008 to CAD26.2 billion (US$26.2 billion) in 2012, at a compound annual growth rate (CAGR) of -5.5% during the review period (2008-2012).  
Scope
This report provides a comprehensive analysis of the reinsurance segment in Canada:
It provides historical values for Canada's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key categories in Canada's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Canada and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Canadian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Canadian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Canadian insurance industry and its impact on companies and the market's future 
Key Highlights
 Canadian reinsurance providers recorded negative premium growth during the review period, as a result of a low reinsurance-ceding trend, weak economic development, and low premium growth registered by Canadian insurers which forced them to cut their reinsurance expenses.
The retention of risk among Canadian insurance providers was high. 
The Reinsurance (Canadian Companies) Regulations and Reinsurance (Foreign Companies) Regulations, which stated that insurance companies cannot cede more than 75% of their gross premiums in total and 25% of their gross premiums to unregistered reinsurers, was repealed by the OFSI, providing insurers with the flexibility to structure operations and compete globally.
While the Canadian reinsurance segment is expected to register positive growth at a CAGR of 1.0% over the forecast period, it will be limited by the low interest rate environment and weak economic development.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Cadian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Cadian Reinsurance Segment
6.3 Munich Reinsurance Company of Cada - Company Overview
6.3.1 Munich Reinsurance Company of Cada - key facts
6.3.2 Munich Reinsurance Company of Cada - key fincials
6.4 Swiss Reinsurance Company Ltd - Company Overview
6.4.1 Swiss Reinsurance Company Ltd - key facts
6.4.2 Swiss Reinsurance Company Ltd - key fincials
6.5 RGA Life Reinsurance Company of Cada - Company Overview
6.5.1 RGA Life Reinsurance Company of Cada - key facts
6.5.2 RGA Life Reinsurance Company of Cada - key fincials
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Cadian Stock Exchange, Cada
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP
7.2.12 Construction net output at current prices (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Exports growth
7.2.18 Imports growth
7.2.19 Annual average exchange rate US$-CAD
7.3 Infrastructure
7.3.1 Commercial vehicles Imports - total value
7.3.2 Commercial vehicles exports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Gross tiol disposable income
7.5.2 Household consumption expenditure
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Cadian Insurance - Overall Written Premium by Segment (CAD Billion), 2008-2012
Table 3: Cadian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Cadian Insurance - Overall Written Premium by Segment (CAD Billion), 2012-2017
Table 5: Cadian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Cadian Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Cada by Category (CAD Billion), 2008-2012
Table 8: Reinsurance in Cada by Category (US$ Billion), 2008-2012
Table 9: Reinsurance in Cada by Category (CAD Billion), 2012-2017
Table 10: Reinsurance in Cada by Category (US$ Billion), 2012-2017
Table 11: Cadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2008-2012
Table 12: Cadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Cadian Premium Ceded to Reinsurance by Type of Insurance (CAD Billion), 2012-2017
Table 14: Cadian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 15: Cadian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Cadian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Cadian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 18: Cadian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 19: Cadian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Cadian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Cadian Reinsurance - Market Shares (%), 2012
Table 22: Munich Reinsurance Company of Cada, Key Facts
Table 23: Munich Reinsurance Company of Cada, Key Fincials (CAD Billion), 2007-2011
Table 24: Swiss Reinsurance Company Ltd, Key Facts
Table 25: Swiss Reinsurance Company Ltd, Key Fincials (CAD Million), 2007-2011
Table 26: RGA Life Reinsurance Company of Cada, Key Facts
Table 27: RGA Life Reinsurance Company of Cada, Key Fincials (CAD Billion), 2007-2011