DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/78f4gh/reinsurance_in) has announced the addition of the "Reinsurance in Canada, Key Trends and Opportunities to 2017" report to their offering.
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).
- 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cede more than 75% of their gross premiums in total and 25% of their gross premiums to unregistered reinsurers, was repealed by the OFSI, providing insurers with the flexibility to structure operations and compete globally.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.
Key Topics Covered:
Canadian Insurance Industry Attractiveness
Reinsurance Growth Dynamics and Challenges
Key Industry Trends and Drivers
Competitive Landscape and Strategic Insights
Business Environment and Country Risk
List of Tables
List of Figures
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)
For more information visit http://www.researchandmarkets.com/research/78f4gh/reinsurance_in
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