Insurance

Insurance Market Research

Mintel’s Insurance market research combines the latest market intelligence, industry insights and expert recommendations to help you anticipate what’s next in the Insurance industry.

Our reports can help you:

Understand your market
Identify growth opportunities
Recognise future trends

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    “An aging population and record levels of immigration will ensure strong demand for health insurance in the coming years. Though employer coverage is the dominant channel for acquisition, a significant minority buy insurance directly or through affinity groups. There is plenty of potential for customized policies based on more sharing..."
    “The P&C industry is experiencing steady growth and increasingly using technology to connect better with customers, drive customized pricing and enhance efficiency. But satisfaction is not high and switching insurers is fairly common. So, there are plenty of opportunities for digital start-ups and established companies to gain more market share..."
    "Technology is resulting in a closer interweaving of customer lifestyles with insurance companies as consumers are showing more willingness to use devices that result in better outcomes while benefiting in the form of lower prices." - Sanjay Sharma, Senior Financial Services Analyst This Report will look at the following areas: This Report..."
    “Human channels of distribution remain the most preferred method of purchase for both creditor and travel insurance. While both are considered valuable products to have, they have attracted their share of criticism with respect to payouts and also product suitability in the case of creditor insurance.” – Sanjay Sharma, Senior Financial..."
    "New Canadians are poised to become an ever important growth market for insurers. This means larger insurance companies will have to adopt dedicated newcomer strategies akin to the major banks. New immigrants are also avid users of technology, partly due to their younger demographic profile. This is an excellent opportunity..."
    “A majority of Canadians view having life insurance as essential for a peaceful mind so demand for life insurance will remain strong. Life stage events influence purchase, while the feeling of sufficiency with just employer coverage is a barrier to individual sales. Many younger consumers are open to buying from..."
    “Technological innovations such as telematics and smart home devices offer insurers the opportunity to assess risk better and offer more targeted prices to consumers. Meanwhile, a pandemic inspired boom in pet adoption and a flurry of new entrants foretell strong growth in the pet insurance industry.” – Sanjay Sharma, Senior Financial..."
    “An aging population and a global pandemic are all factors that will ensure demand for health insurance products while the industry strives to use technology to drive better delivery and smarter care.” – Sanjay Sharma, Senior Financial Services Analyst This report covers the following issues: The impact of COVID-19 on health insurance. ..."
    “Insurance innovation has been largely spurred by technology and the practical impact can be seen in the form of new products, innovative service delivery, faster underwriting and customized rates based on better evaluation of individual risk.” – Sanjay Sharma, Senior Financial Services Analyst Key issues covered in this Report The impact of..."
    “The impact of COVID-19 has been more strongly felt on the distribution side through increased digital use and virtual care while its impact on insurance product sales has not been significant. Going forward, this openness to higher digital usage is expected to continue as more digital non-natives get comfortable with..."
    “Societal health scares are generally good news for insurance sales as the fear factor spurs consumer demand for life and health protection. The closure of physical locations due to lockdowns has increased digital and phone contact while also giving insurance companies and brokers/agents time to reflect on how to better..."
    “Knowledge and trust deficits around life insurance are inhibiting growth in ownership.”– Sanjay Sharma, Senior Financial Services AnalystThis report looks at the following areas:Around two in three Canadians have life insuranceCost/affordability and lack of knowledge inhibit ownershipManulife and Sun Life are the leading consumer choicesMajority interested in at least..."