Market Share of Canada Health and Medical Insurance Industry
It is a fragmented market, with the leading players, such as SunLife, Manulife, and Canada Life Assurance Company, contributing more than one-fourth of the total health insurance market in 2021. However, competition is tightening as consumers become more aware of the benefits of having additional private health coverage. The consumers are resorting to additional health benefits offered by the private players, besides receiving Medicare benefits free of charge. It has major players Manulife, Sun life Financial, Ontario Blue Cross, The Canada Life Assurance Company, and Group Medical Services
Canadian Health Insurance Market Leaders
Manulife
Sun life Financial
Ontario Blue Cross
The Canada Life Assurance Company
Group Medical Services
*Disclaimer: Major Players sorted in no particular order
