| Life premium volume (USD) | 1 mn |
|---|---|
| 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 | 51.8 |
| Local currency | CVE |
| Domestic life insurers | 0 |
|---|---|
| Domestic non-life insurers | 0 |
| Domestic composite insurers | 2 |
| Foreign life insurers | 0 |
| Foreign non-life insurers | 0 |
| Foreign composite insurers | 0 |
| Domestic reinsurers | 0 |
| Foreign reinsurers | 0 |
| State-owned insurers | 1 |
| State-owned reinsurers | 0 |
| Insurance intermediaries | 0 |
| Reinsurance intermediaries | 0 |
| Overarching principle in insurance supervision | unknown |
|---|---|
| Requirement for minimum insurance rates | No |
| Cross-border insurance allowed | 0 |
| Bancassurance is allowed | No |
|---|---|
| Allowed ownership structures | translation missing: en.country_dashboard.allowed_ownership_structures_values.0 |
| Foreign ownership restrictions | No |
| Minimum capital requirement | Life Insurers: CVE 100m; Non-life Insurers: CVE 200m; Composite Insurers: CVE 250m |
| Minimum paid-up share capital | 0 |
| Requirement for independent audits | No |
| Requirement to appoint actuaries | No |
| Premium rate approval needed | No |
| Solvency referred to as the difference between assets and liabilities | No |
|---|---|
| RBC (Risk-based capital) principles applied | No |
| Ceded reinsurance is regarded as a permissible asset | No |
| Compulsory insurance lines | Automobile Liability, Accidents at work and occupational diseases |
| Compulsory reinsurance cessions | No |
| Established guarantee or policyholder protection fund | No |
|---|
