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Industry Impact and Data Hub

The world is changing quickly – and so is the P&C insurance industry. It’s increasingly important to have the most credible, up-to-date stats and data so we’ve compiled them here giving you one reliable source for information.

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2023 Industry Facts

Since 1972, IBC’s Facts Book has given our industry an opportunity to share the facts and figures that tell the story of how P&C insurers serve Canadians.

  • $3.1B

    In insured damages in 2023 – making it the 4th worst year for insured losses in Canadian history.

  • 140,500

    The number of Canadians employed by the P&C insurance industry in 2022.1

  • 196

    Private P&C insurers actively compete in Canada. 1