Canada’s InsurEconomy

Canada’s property and casualty (P&C) insurance industry is foundational to the strength, success and resilience of the economy.

Insurers are there for their customers after a disaster, helping individuals and families put their lives back together. However, few people are aware of the impact the industry has in creating jobs and contributing to economic growth across the country.

The InsurEconomy reports provide the most recent data on the P&C insurance industry’s direct, indirect and induced impacts on the gross domestic product (GDP) and employment. The reports also highlight some of the key public policies that P&C insurers are advocating for on behalf of Canadians.

How the P&C insurance industry supports Canada’s economy:

• Canada's P&C insurance industry directly contributed nearly $32 billion to the national GDP in 2025.

• In Canada, P&C insurers and brokerages directly employ over 183,000 people across the country.

• Women make up the majority of Canada’s P&C insurance workforce, including 67% of brokerage employees and 61% of insurance carrier employees, both above the national average of 47%.

• In 2024, the P&C insurance industry contributed more than $17 billion in taxes and levies across Canada.

• P&C insurers directly & indirectly support nearly 361,000 jobs in Canada.

Explore the InsurEconomy reports: