RBC Financial Strategy and Performance
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 HNW clients
Simplify. Agile. Innovate.: By accelerating our digital initiatives’
time-to-market, improving quality and cost effectiveness
Pursue Select International Opportunities: Within our risk
appetite, with the aim of continuing to grow our core reinsurance
business
Net Income ($ millions) (3)
900
Highlights
Among the largest Canadian bank-owned insurance organizations,
serving more than four million clients globally
#1 in individual disability sales with 41% (1) market share
#2 in Segregated fund net sales & one of fastest growing segregated
fund providers(2)
RBC Guaranteed Investment Funds continue to be one of the fastest
growing segregated fund providers in Canada with a year over year
growth of 21% (2)
RBC
Continued to deliver on our goal to affirm our position as a key market
player (#4 with a 13% market share YTD, September 30, 2018)(1) in the
pension de-risking business in Canada
Wellness Program launched to group health clients as a value-added
service
Access to new technology and expanded set of insurance solutions for
our clients through partnership with Aviva
Efficiency Ratio (4)
775
726
14.7%
12.6%
12.8%
11.6%
166
127
2016
2017
2018
Q1/18
Q1/19
2016
2017
2018
Q1/19
Business Segment
18
(1) LIMRA Canadian Insurance Survey, 3rd Quarter, 2018. (2) Strategic Insights, Insurance Advisory Service Report, October 2018. (3) 2016 net income includes the gain on sale of RBC General
Insurance Company. (4) Efficiency Ratio calculated by dividing non-interest expense by total revenue (excludes fair value changes on investments backing policyholder liabilities for every
year/quarter, and $287MM pre-tax gain on sale of RBC General Insurance Company in 2016).View entire presentation