What percentage of Canadians are insured?
Life and health insurers provided coverage for over 29 million Canadians – or 76 per cent of the population in 2021.
How is the insurance industry in Canada?
In Canada, 77% of insurance company leaders say inflation will increase in 2022 and 85% are anticipating higher interest rates. While the pandemic and its impacts will likely continue for some time, Canada's insurers still expect economic growth to slowly recover in 2022.
What percentage of people in Canada have life insurance?
Although many consider life insurance in Canada essential, only 25% of Canadians have purchased individual insurance, while 38% are covered through their employer.