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2022 Facts Book

How much did Canadian P&C insurers pay out in claims last year? How much did P&C insurers contribute in taxes? How many people does the P&C industry employ? Get these 2022 facts and more.

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2022 facts of the P&C insurance industry in Canada

As we worked to support Canadians through unprecedented commercial market conditions, our industry continued to focus on other important issues, from advocating for a national approach to combatting threats posed by climate change to advocating for needed auto insurance reforms in certain jurisdictions.

The industry continues to fight for climate change action, as last year brutally demonstrated the need for better planning and a greater focus on improving our collective resilience.

2022 by the numbers

  • $3.1B

    In insured damages in 2022 – making it the 3rd worst year for insured losses in Canadian history

  • 134,000

    The number of Canadians employed by the P&C insurance industry in 2021.

  • Over 196

    Private P&C insurers actively compete in Canada.