| 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 | 53.1 |
| Local currency | CVE |
| Domestic life insurers | |
|---|---|
| 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 |
|---|---|
| Requirement for minimum insurance rates | unknown |
| Cross-border insurance allowed |
| Bancassurance is allowed | unknown |
|---|---|
| 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 |
|---|---|
| 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 |
|---|
