Investor Presentation FY2018
Page 14 | Investor Presentation
[intact]
P&C insurance in Canada
A $54 billion market representing approximately 3% of GDP
•
Fragmented market:
-
Top five represent 47%, versus bank/lifeco
markets which are closer to 65-75%
IFC is largest player with approximately 16%
market share, versus largest bank/lifeco with 22-
25% market share
P&C insurance shares the same regulator as the
banks and lifecos
Home and commercial insurance rates
unregulated; personal auto rates regulated in
many provinces.
Capital is regulated nationally by OSFI* and by
provincial authorities in the case of provincial
insurance companies.
Distribution in the industry is currently close to
two thirds through brokers and 40% through
direct writers.
• Industry has grown at ~5% CAGR and
delivered ROE of ~10% over the last 30 years.
Industry DPW by line of business
Personal
Property,
24%
Personal
Auto, 37%
Commercial
P&C and
other, 31%
Commercial
Auto, 7%
Industry - premiums by province
Quebec,
18%
Alberta,
17%
Other
provinces
and
territories,
Industry data: IFC estimates based on MSA Research Inc. and Insurance Bureau of Canada.
Please refer to Important notes on page 2 of the Q2-2019 MD&A for further information.
All data as at December 31, 2018.
* OSFI = Office of the Superintendent of Financial Institutions Canada
Ontario,
46%
19%View entire presentation