Households drive market demand, with household spending representing 59.0% of total demand in 2020. Sun Life Financial Inc is the largest company in Canada, generating 6.1% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 17.0% of total turnover in 2020. The total number of companies decreases in 2020, to 7,244 units. The costs of the industry decrease by 8% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 33.8% of turnover in 2020, the fourth highest across the top 20 developed countries. With turnover of USD39.2 billion, Canada accounts for 4.7% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in Canada: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in Canada: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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