Summary - Canadian Industry Statistics

Insurance Carriers and Related Activities - 524

Definition

This subsector comprises establishments primarily engaged in: underwriting annuities and insurance policies, reinsurance, and the retailing of insurance and the provision of related services to policy holders.

  • Read more

    Industries are defined in terms of the type of risk being insured against, such as death, loss of employment due to age or disability, and property damage. Establishments that pool risk invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.

    Exclusions

    No exclusions are specified in the 2012 NAICS Canada manual.

Information on the number and size of businesses for 2016.

Establishments

32,422

0-99 Employees

97.7%

Gross domestic product

No information available at this level of data, go up a level to get more information.

Find data for 2016 on hourly wages.

Wages

$28.90

Find a list of companies that have self-identified with this industry.

Date modified: