TECHNOLOGY @ RBC
Insurance
Strategic Priorities
☐
Improve Distribution Effectiveness and Efficiency: By
enhancing our proprietary distribution channels, and focusing on
the delivery of technology and operational solutions
Deepen Client Relationships: By continuing to be an innovative,
client-focused provider of a full suite of insurance solutions for
mass underserved, mass affluent and high net worth clients
Simplify. Agile. Innovate.: By accelerating our digital initiatives'
time-to-market, improving quality and cost effectiveness
■ Pursue Select International Opportunities: By continuing to
grow our core reinsurance business within our risk tolerance
Highlights
Among the largest Canadian bank-owned insurance organizations, serving
more than five million clients globally
#1 in individual disability (inforce business) with 32% (1) market share
#2 in individual disability net new sales with 25% (1) market share
#2 in Segregated fund net sales(2)
RBC Guaranteed Investment Funds continue to be one of the fastest
growing segregated fund providers in Canada with YoY growth of 18.4% (2)
Net Income ($ millions)
726
831
806
775
2017
2018
2019
2020
Premiums and Deposits ($ millions)
(1) LIMRA Canadian Insurance Survey, 3rd Quarter, 2020. (2) Strategic Insights, Insurance Advisory Service Report, October 2020.
15 BUSINESS SEGMENTS
4,950
4,647
4,546
4,604
2,050
2,063
2,457
2,189
2,496
2,584
2,415
2,493
2017
2018
■ Canadian
2019
2020
■ International
RBCView entire presentation