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.
50 years of annual insights – and counting
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.
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.
You might also be interested
IBC Advantage
Not yet a member? Learn why you should join us to help shape and strengthen the role the P&C insurance industry plays in ensuring peace of mind for all Canadians.
See how the P&C industry makes a difference for Canadians
See the stats and data that show the impact we’re having.
Advocacy in action
See how we’re shaping the insurance industry and helping to protect Canadians.