12/12/2024, 6:27:02 pm

Canada general insurance market to beat $90bn by 2029

The general insurance sector in Canada is forecast to grow at a CAGR of 6% from CAD86.75bn ($65.12bn) in 2024 to CAD115.82bn ($90.07bn) in 2029, in terms of gross written premiums. This is according to GlobalData which also predicted that general insurance in Canada will grow by 5.2% in 2024. In addition, this rise will be driven by an increase in demand for property and motor insurance.