Life premium volume (USD) | 1 mn |
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Non-life premium volume (USD) | 25 mn |
Total premium volume | 26 mn |
Total premium volume (CVE) | 2 bn |
Insurance penetration: Premiums in % of GDP | 1.56% |
Insurance density: Premium / capita USD | 53.1 |
Local currency | CVE |
Domestic life insurers | |
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Domestic non-life insurers | |
Domestic composite insurers | 2 |
Foreign life insurers | |
Foreign non-life insurers | |
Foreign composite insurers | |
Domestic reinsurers | |
Foreign reinsurers | |
State-owned insurers | |
State-owned reinsurers | |
Insurance intermediaries | |
Reinsurance intermediaries |
Overarching principle in insurance supervision | unknown |
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Requirement for minimum insurance rates | unknown |
Cross-border insurance allowed |
Bancassurance is allowed | unknown |
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Allowed ownership structures | |
Foreign ownership restrictions | unknown |
Minimum capital requirement | |
Minimum paid-up share capital | |
Requirement for independent audits | unknown |
Requirement to appoint actuaries | unknown |
Premium rate approval needed | unknown |
Solvency referred to as the difference between assets and liabilities | unknown |
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RBC (Risk-based capital) principles applied | unknown |
Ceded reinsurance is regarded as a permissible asset | unknown |
Compulsory insurance lines | |
Compulsory reinsurance cessions | No |
Established guarantee or policyholder protection fund | unknown |
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