Insurance Carriers and Related Activities

OVERVIEW

This subsector comprises establishments primarily engaged in: underwriting annuities and insurance policies, reinsurance, and the retailing of insurance and the provision of related services to policy holders.

Industries are defined in terms of the type of risk being insured against, such as death, loss of employment due to age or disability, and property damage. Establishments that pool risk invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.

The information on the number, size and location of establishments can be used to assess the existing level of competition within the industry in your province/territory.
The table below shows the breakdown between employer and non-employer or indeterminate establishments for each province and territory as well as at the national level. For this industry, 5 of establishments are non-employers or indeterminate and 11 have one or more employees.