MTHEL131 Lecture Notes - Sun Life Financial, Financial Plan, Institutional Investor
9 Feb 2014
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Document Summary
Life and health industry plays a very important role meeting finance needs of various level of government (3 levels of government 1. pension: construction, prisons, hospitals) Government gets money from issue bonds, life and health insurance industry buys them. Insurance industry in canada is financially strong and it is a highly competitive industry. 120 companies in canada 87% of product from canadian. 72 billions in new premium come into insurance in canada. Insurance and health industry contribute to small companies in canada: commercial mortgages, life and health industry provide products, which business can trap and make them stay through agent, life and health industry provide consulting services. Major employers 132,000 jobs and over 10,000 are in waterloo. Insurance coverage ,000 average amount group + individual. Canadian life and health insurance industry: gwl (great west life) group 2. Canada life 7% top3 companies occupies 56% of canadian market. 70% policy holders died in 1997 are male, 30% female.
