Thursday 13 February 2014

Reinsurance in Canada, Key Trends and Opportunities to 2017, New Report Launched

Reinsurance in Canada, Key Trends and Opportunities to 2017

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).

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


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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.

Reasons 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.

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Spanning over 73 pages, 27 Tables and 46 Figures “Reinsurance in Canada, Key Trends and Opportunities to 2017” report provide Canadian Insurance Industry Attractiveness, Reinsurance Growth Dynamics and Challenges, Key Industry Trends and Drivers, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix And The report Cover 6 Companies - Munich Reinsurance Company, Swiss Reinsurance Company Ltd (Life Branch), RGA Life Reinsurance Company of Canada, Employers Reassurance Corporation, Partner Reinsurance Europe SE, Axis Reinsurance Company (Canadian Branch).

Find All Insurance Reports at: http://www.marketresearchreports.com/insurance

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