In-Force Gross Written Premium (GWP)
North America (in USD)
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U.S. (in USD)
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The total premium volume in the U.S. reached $3.2 billion at YE 2022.
The U.S. market continues to experience double-digit increases, however the growth has slowed down a bit in 2022 with a YoY variance of 24.2% (lowest among the recent periods).
- 24.2% increase from 2021 to 2022
- 30.4% increase from 2020 to 2021
- 27.5% increase from 2019 to 2020
- 24.3% increase from 2018 to 2019
Canada (in CAD)
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Total premium volume in Canada reached $374.4 million (CAD) at YE 2022, an increase of 19.3% from previous year.
The 5-year average annual growth rate was nearly 20.3%.
- 19.3% increase from 2021 to 2022
- 28.1% increase from 2020 to 2021
- 17.2% increase from 2019 to 2020
- 16.4% increase from 2018 to 2019
In-Force GWP, Per Product (2022)
U.S. (in USD)
Canada (in CDN)
- Accident Only: Foreign body ingestion, lacerations, motor vehicle accident, ligament tears, poisoning, etc.
- Accident & Illness: Accident benefits plus illnesses such as cancer, infections, digestive problems, etc.
- Insurance with Embedded Wellness: Comprehensive plans that may include vaccinations, early screening diagnostics, consultations for proper nutrition, dental care, etc.
- Endorsements: Riders such as wellness or cancer endorsements.
*Combined insurance includes Accident & Illness & Insurance with Embedded Wellness
Pets and GWP Distribution (2022)
| U.S. – Top 10 | PETS | GWP |
|---|---|---|
| California | 18.6% | 21.0% |
| New York | 7.0% | 8.4% |
| Florida | 6.2% | 6.3% |
| Texas | 5.7% | 4.9% |
| New Jersey | 4.6% | 4.9% |
| Pennsylvania | 4.5% | 4.3% |
| Massachusetts | 4.1% | 4.5% |
| Washington | 4.0% | 4.1% |
| Colorado | 3.0% | 3.0% |
| Illinois | 2.9% | 3.1% |
| CANADA – Top 5 | PETS | GWP |
|---|---|---|
| Ontario | 38.1% | 37.2% |
| British Columbia | 19.5% | 23.7% |
| Alberta | 17.6% | 21.3% |
| Quebec | 8.6% | 6.9% |
| Newfoundland & Labrador | 4.6% | 3.4% |