Canadian Insurance Industry

Table of Contents

1. Industry Review

• Table 1: Canadian Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life and Non-Life Markets Independently Analyzed with Annual Premium Income in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: Canadian 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: Insurance Industry in Canada (2005): Per Capita Premium in US$, and Penetration of Insurance by Category - Life & Non-Life
• Expanded Capacity in P&C Eases up Rates
• M & A and Overseas Sales: Driving the Market
• Insurance-Related Organizations and Their Functions
• Insurance Rate System

2. Canadian Insurance Industry Structure

• Policy Wording
• Premium Payment
• Taxes on Premiums
• Non-Admitted Coverage
• Brokers - Writers of Commercial Insurance
• Claims Handling
• Legal Costs
• Fraud Detection System
• Two-Tiered Landscape

3. Regulatory Framework and Environment

• Principal Regulatory Agencies in Canada
• Insurance Bureau of Canada
• The Property and Casualty Insurance Compensation Corporation (PACICC)

4. Distribution/Marketing Channels

• The Traditional Channel
• Career Agency System
• Direct Brokerages
• The Contemporary Channel
• National Distribution Model
• Distribution Consolidators
• Bank Distribution

5. Natural Disasters

• Floods
• Earthquake
• Catastrophe Reinsurance

6. Key Trends and Issues

• Industry on a Consolidation Spree
• Industry Shows Glimpse of Maturity
• IDA Firms Witness Decline in Insurance Sale
• Insurance Crimes on Rise
• Financial Services Sector Reforms
• Industry Claims Agreements
• Insurance Does a Dampener to Air Shows
• Auto Losses Rise
• Auto Thefts
• Insurance Premiums for Midwives in Canada Hiked

7. Insurance Types & Coverage

• Property
• Boiler and Machinery
• Crime
• Marine
• Engineering/Construction
• Automobile
• Liability
• Workers Compensation/Employers Liability

8. Key Insurance Sectors - An Analysis

8a. Life Insurance Sector

• Highlights
• Canadian Life Market - A Brief
• Health Care Scenario
• Life Insurance Competitive Scenario
• Table 4: Canadian Group Life Insurance Market (2006): Net Written Premiums in C$ Million by Leading Companies for Sun Life Assur Co, Manufacturers Life, Munich Reins Co, Great-West Life, Co-operators Life, London Life, Industrial Alliance, Industrial-Alliance Pacific Life, CA Life, and Cumis Life (includes corresponding Graph/Chart)
• Table 5: Canadian Individual Life Insurance Market (2006): Net Written Premiums in C$ Million by Leading Companies for Sun Life Assur Co, Manufacturers Life, London Life, Industrial Alliance, Munich Reins Co, CA Life Assur Co, Transamerica Life, RBC Life, Great-West Life, and CA Life Ins Co (includes corresponding Graph/Chart)
• Life Insurance Competitive Scenario - A Recent Past Overview
• Leading Players by Net Written Premium
• Table 6: Canadian Life Insurance Industry (2004): Percentage Share Breakdown of Net Written Premium by Leading Players for Sun Life of Canada, Manufacturers Life, Canada Life, London Life, Great-West Life, and Others (includes corresponding Graph/Chart)
• Leading Players by Gross Written Premium
• Table 7: Canadian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Sun Life of Canada, Manufacturers Life London Life, Canada Life Financial Corp., Industrial Alliance, Maritime Life, Desjardins Financial, Transamerica Life, Empire Life, and RBC Life (includes corresponding Graph/Chart)
• Table 8: Top-Five Players in the Canadian Life Insurance Industry (2002) - Gross Written Premiums in US$ Million for Sun Life of Canada, Manulife Financial, London Life, Industrial-Alliance Life, and The Canada Life (includes corresponding Graph/Chart)
• Leading Players by Assets
• Table 9: Canadian Life Insurance Industry (2003): Leading Players by Assets in Can$ Million for Sun Life of Canada, Manufacturers Life, Canada Life, London Life, Great-West Life, Industrial Alliance Life, Maritime Life, Desjardins Financial, IOF Foresters, and Transamerica Life Canada (includes corresponding Graph/Chart)
• Table 10: Canadian Life Insurance Industry (2000): Leading Companies by Assets Under Management in US$ Billion for Sun Life Financial Services, Manulife Financial, Great-West Lifeco, Canada Life Financial, and Clarica Life Insurance (includes corresponding Graph/Chart)

8b. Property and Casualty/General Insurance

• Table 11: Canadian General Insurance Market (2007 & 2008): Percentage Breakdown of Premiums by Category for Automobile, Personal Property, Liability, Commercial Property, Accident & Sickness, and Others (includes corresponding Graph/Chart)
• Table 12: Canadian P&C Insurance Market (2003): Percentage Share Breakdown of Net Premium (In $ Million) for Automotive, Commercial Property, Personal Property, Liability, and Others (includes corresponding Graph/Chart)
• Upholding Long Term Profitability is Intricate
• Types of P&C Insurance
• Automobile Insurance
• Table 13: Canadian Automobile Insurance Market (2005 & 2006): Percentage Breakdown of Net Premiums Written and Claims Paid by Segment - Personal, Liability, and Others (includes corresponding Graph/Chart)
• Auto Insurance in Canadian Provinces
• Auto Insurance Rating
• Latest Rules for Auto Insurance Rate Making
• Rising Claims Propel Policy Growth
• Property Insurance
• Insurance of Personal Property
• Table 14: Canadian Property Insurance Market (2005 & 2006): Net Premiums Written and Claims Paid in US$ Million by Segment - Personal, and Commercial (includes corresponding Graph/Chart)
• Liability Insurance
• Table 15: Canadian Liability Insurance Market: Net Premiums Written and Claims Paid in US$ Million for the Years 2005 and 2006
• General Liability
• Liability Insurance Target Hedge Funds and Structured Notes
• Disability Insurance Plan
• Homeowners
• Other Forms of P&C Insurance
• Table 16: Canadian P&C Insurance Market (2005 & 2006): Net Premiums Written and Claims Paid in US$ Million for Select Segments - Accident & Sickness, Aircraft, Boiler & Machinery, Hail, Marine, Surety, and Fidelity Insurance (includes corresponding Graph/Chart)
• Key P&C Industry Issues
• Mounting Health Care Costs Threaten Industry
• Handling Health Care Issues
• Stringent Regulations Create Market Imbalance
• Frequent Natural Disasters Hamper Industry' s Growth
• High Taxes Burden Industry
• Re-building Trust & Confidence
• Government' s Role in Maintenance of Harmony in Insurance Sector
• P&C Competitive Scenario
• A Fragmented Industry
• Leading Players by Net Written Premium
• Table 17: Canadian P&C Insurance Industry (2003): Percentage Share Breakdown of Net Written Premium by Leading Players for ING, Aviva, Co-operators, Economical, State Farm, Desjardins, Wawanesa, Royal & Sun Alliance, AXA, Dominion and Others (includes corresponding Graph/Chart)
• Leading Players by Gross Written Premium
• Table 18: Canadian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for ING Canada, AVIVA, Co-operators, Economical Ins, State Farm, Desjardins, Wawanesa Mutual, Royal & SunAlliance, AXA Canada, and Dominion of Canada (includes corresponding Graph/Chart)
• Table 19: Top-Five Players in the Canadian Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for ING Canada, AVIVA, Co-operators, Royal & SunAlliance, and Economical Ins (includes corresponding Graph/Chart)
• Leading Players by Assets
• Table 20: Canadian P & C Insurance Industry (2003): Leading Players by Value Assets in Can$ Million for ING Canada, Aviva Canada Inc., Royal & SunAlliance, Co-operators Group, Economical Ins. Group, State Farm Ins. Co' s, Wawanesa Mutual, AXA Canada Inc. Liberty Mutual Group, and American Home Assurance (includes corresponding Graph/Chart)

8c. Reinsurance

• Reinsurance Witnesses Rapid Growth
• Making a Comeback Trail?

9. Mid-90s: A Historic Review

10. Product Launches

• Manulife Launches LivingCare Long Term Insurance Product
• Kanetix Launches Online Version of Term Life Insurance
• Manulife Launches New Group Retirement Income Plan
• Canada Life Reintroduces Lifetime Protector Whole-of-Life Insurance Policy
• Canada Life Adds New Features to Offshore Flexible Life Plan

11. Recent Industry Activity

• Manulife Acquires Berkshire-TWC Financial Group
• Royal & Sun Alliance to Take Over Canadian Northern Shield
• Unity Life Acquires Prudential Insurance
• Mobility Saint-Honore Acquires Norfolk International
• Allianz Insurance Co and Nordic Insurance Co Plan Merger
• Industrial Alliance Makes Quick Moves for Creating a High Profile Asset Management Company
• CTRH to Acquire CORIFRANCE and Terra Nova SAS
• Emergis Acquires National Data Corp of Canada
• AXA Canada Signs an Agreement to Acquire Citadel
• Hub International Limited Acquires Personal Lines Brokerage
• Optimum General' s Subsidiaries Merge
• Mercer Human Resource Consulting Acquires RCM Consulting Group
• Hub International Acquires TILCO Financial Services Limited
• RBC Insurance Acquires Provident Life and Accident Insurance Co
• Meloche Acquires Insurance Operations of Liberty Mutual
• Fidelity Takes Over LandCanada
• Canada Life Acquires Disability and Life Insurance Operations of Royal & SunAlliance
• Manulife Financial Concludes an Acquisition Agreement with Chinfon Global
• BF&M Joins Forces with Sun
• CGI Group, Industrial-Alliance Renew Service Contract
• Insurance Services Office and Insurers' Advisory Organization Form Alliance
• Sun Life-China Eyebright JV Gets Government Nod
• Anthony Clark International Insurance Brokers Acquires 779451 Alberta
• Transamerica Life Insurance and NN Life Insurance Merge
• BCE Emergis Acquires Associates for Health Care
• ING Canada Acquires Zurich North America Canada' s Insurance Operations
• Canada Life Assurance Forms Alliance with Ohio National Financial Services
• Pethealth Markets Policies for Pets Adopted from Petfinder.com
• Jamieson Laboratories Signs Contracts with Health Management Organizations
• Clarica Sells Milwaukee to National Guardian

12. Focus on Select Players

• Canada Life Assurance Company
• Great-West Lifeco Inc. - A Leading Canadian Life/Health Insurer
• ING Canada Inc.
• Manulife Financial Corp.
• Sun Life Financial Inc