Canadian market analysis released
Timetric’s Personal Accident and Health Insurance in Canada Key Trends and Opportunities to 2020 report provides a detailed outlook by product category for the Canadian personal accident and health insurance segment, and a comparison of the Canadian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).
The report also analyses distribution channels operating in the segment, gives a comprehensive overview of the Canadian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetric's research, modelling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure. Key findings included in the report show that Canada witnessed a steady increase in healthcare spending during the review period; that the leading cost drivers in health spending are drugs, hospitals and physicians, which accounted for 60.7 per cent of the total health expenditures in 2015; and that rising outbound tourism is expected to drive demand for travel insurance.