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MTHEL 131 (105)
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University of Waterloo
Mathematics Electives
David Ha

Life and Health Industry plays a very important role meeting finance needs of various level of government (3 levels of government 1. pension 2. construction 3. prisons, hospitals) Government gets money from issue bonds, Life and Health Insurance Industry buys them. 2.2 million for 2008 Institutional investor: Life and Health Industry’s investment -government 18% -corp. Securities 40% 证证证证 -Mutual Funds 19% -Real estate + mortgage 16% 证证证 -other 7% Insurance Industry in Canada is financially strong and it is a highly competitive industry. 120 companies in Canada 87% of product from Canadian. Insurance in Canada is internationally successful 72 billions in new premium come into insurance in Canada 36 billion comes from international Insurance and Health Industry contribute to small companies in Canada. 1. Commercial Mortgages 2. Life and Health Industry provide products, which business can trap and make them stay through agent. 3. Life and Health Industry provide consulting services. Major employers 132,000 jobs and over 10,000 are in Waterloo Two primary form of insurance: Individual Coverage: 1. Term 2. Permanent (whole life) Insurance coverage $165,000 average amount group + individual Group Coverage: 1. employer 62% 2. Creditor 31% 3.Association 7% Canadian Life and Health Insurance industry: 1. GWL (Great West Life) Group 2. Manual Life 17% - GWL 11% 3. Sun Life financial 16% - Canada Life 7%
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