2023 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 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.
2023 facts of the P&C insurance industry in Canada
Canada’s P&C industry is foundational to the strength and success of the economy. The information provided in the annual Facts Book allows IBC to speak with credibility and conviction to governments, media and consumers.
The industry continues to fight for climate change action, as the severity and frequency of catastrophic weather events, and subsequent increase in reinsurance costs, is having an impact on both commercial and personal property lines.
2022 by the numbers
$3.4B
In insured damages in 2022 – making it the 3rd worst year for insured losses in Canadian history
140,500
The number of Canadians employed by the P&C insurance industry in 2022.
Over 196
Private P&C insurers actively compete in Canada.
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