About the Life Insurance & Annuities in British Columbia Market Research Report
What’s Included in the Life Insurance & Annuities in British Columbia Market Research Report
Definition of the Life Insurance & Annuities in British Columbia?
Life insurance and annuity companies in Canada accept liability under annuities, life, disability income and accidental death and dismemberment insurance policies. Enterprises include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.
What’s included in the Life Insurance & Annuities in British Columbia?
The Life Insurance & Annuities in British Columbia includes underwriting group life policies, underwriting individual life policies, underwriting group annuities and underwriting individual annuities. Related terms covered in the Life Insurance & Annuities in British Columbia industry report includes a type of investment vehicle that guarantees a future stream of fixed payments. annuities transfer investment risk from the insured to the insurer, a policy that provides similar coverage as term life insurance but is meant to be held and paid for during the duration of the insured person's life, a policy that provides life insurance coverage at a fixed rate of payments over a limited period of time, usually one year. after the period, coverage at the previous rate is not guaranteed, a type of annuity that provides future payments to the contract holder, usually at retirement. payments are dependent on the performance of annuities' underlying portfolio of securities, a type of life insurance in which benefit payments are determined by the performance of underlying investments chosen by the policyholder and a permanent life insurance policy that remains in place for the insured person's whole life as long as premium payments remain current or on time.
Industry Performance of the Life Insurance & Annuities industry in British Columbia
Benchmark the Life Insurance & Annuities in British Columbia industry performance with all BC Census Metropolitan Area and national performance.
Life Insurance & Annuities in British Columbia
#4 in Highest Revenue 12.3% of province's GDPRevenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
Life Insurance & Annuities in Canada
Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)
For the full list of industry drivers, see report purchase options.
Key Drivers of the Life Insurance & Annuities industry in British Columbia
See how key industry drivers, such as median houshold income, gross domestic product, population, per capita disposable income, median age of population and number of adults aged 65 and older are impacting Life Insurance & Annuities in British Columbia
British Columbia Economic Indicators
Median Houshold Income
Gross Domestic Product
Population
View more economic information in BC State Economic profile
Canada Key External Drivers
Per capita disposable income
Median age of population
Number of adults aged 65 and older
For the full list of industry drivers, see report purchase options.
Census Metropolitan Area Data of the Life Insurance & Annuities industry in British Columbia
Access proprietary data on Census Metropolitan Area in the Life Insurance & Annuities in British Columbia, such as Vancouver, Kelowna and Abbotsford - Mission. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.
Key Statistics of the Life Insurance & Annuities industry in British Columbia
Download 18 years of historical data and 5 years of projected performance.
