Insurance Carriers

OVERVIEW

This industry group comprises establishments primarily engaged in:underwriting annuities and insurance policies, and reinsurance. The establishments of this group 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 reserves. Direct insurance carriers that are primarily engaged in underwriting annuities and insurance policies directly to policy holders, and reinsurance carriers that are primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers, are included. Industries are defined in terms of the type of risk against which the policy holders are being insured, such as death, loss of employment due to age or disability, and property damage.

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.