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Canadian Life and Health Insurance Facts, 2018 Edition


Release Date: 09/05/2019
Staff Reference: Kevin Dorse

The 2018 Edition of Canadian Life and Health Insurance Facts is now available under the Industry tab of the CLHIA website. This Edition builds on the CLHIA’s ongoing efforts to deliver deeper industry insights to members and support policy initiatives.

Highlights:

  • 29 million Canadians protected by all lines of business
  • $1.8 billion average benefits paid per week
  • 87% of health insurance premiums paid out as policyholder benefits
  • $417,000 of life insurance coverage owned per insured household
  • Pension de-risking accelerates, accounting for 8% of annuity and pension premiums

You can also find stats on:
  • Product coverage for life and health insurance by province
  • Distribution of premiums and benefits by line of business and by province
  • Historical premiums, benefits and assets dating back to 1960