In-Force Gross Written Premium (GWP)
North America (in USD)
Note: Annual amounts will be displayed when holding your mouse over selected years.
U.S. (in USD)
The total premium volume in the U.S., as reported by NAPHIA members, amounted to $1.99 billion at year-end 2020.
The U.S. market continues to experience double-digit increases (average annual growth rate of 24.2% between 2016 and 2020).
- 27.5% increase from 2019 to 2020
- 24.3% increase from 2018 to 2019
- 21.7% increase from 2017 to 2018
- 23.2% increase from 2016 to 2017
Canada (in CAD)
The total premium volume in Canada, as reported by NAPHIA members, amounted to $244.6 million at year-end 2020.
The Canadian 5-year average annual growth rate was 15.2%, below the U.S. average annual growth rate of 24.2%.
- 17.2% increase from 2019 to 2020
- 16.4% increase from 2018 to 2019
- 9.6% increase from 2017 to 2018
- 17.5% increase from 2016 to 2017
In-Force GWP, Per Product (2020)
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 (2020)
| U.S. – Top 10 | PETS | GWP |
|---|---|---|
| California | 19.2% | 21.1% |
| New York | 8.7% | 9.6% |
| Florida | 5.8% | 6.1% |
| New Jersey | 5.5% | 5.6% |
| Texas | 4.8% | 4.6% |
| Massachusetts | 4.7% | 4.9% |
| Pennsylvania | 4.7% | 4.5% |
| Washington | 4.0% | 4.0% |
| Colorado | 3.4% | 3.4% |
| Illinois | 3.2% | 3.3% |
| CANADA – Top 5 | PETS | GWP |
|---|---|---|
| Ontario | 38.9% | 38.4% |
| British Columbia | 21.7% | 23.2% |
| Alberta | 21.6% | 23.8% |
| Quebec | 5.4% | 4.6% |
| Nova Scotia | 3.4% | 2.8% |