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All (3) ((3 results))

  • 1. Insights into the impact of extreme weather trends in Canada on homeowners insurance profitability and consumers
    Stats in brief: 11-621-M2024003
    Description: This paper looks at how extreme weather claims have impacted the insurance industry in Canada from 2020 to 2023. A specific focus is given to homeowners insurance, which during this time, homeowners insurance consumer price index exceeded all items inflation. Insurer profitability and consumer impacts are analyzed given the significant uptick in catastrophic claims. All four years analyzed ranked in the top 10 most costly claims years in Canadian history, costing billions each year. In addition, other contributing factors are explored to provide a robust overview of trends in profitability of the insurance industry.
    Release date: 2024-05-15
  • 2. Study: Corporate profitability and inflation 2017 to 2022
    Stats in brief: 11-001-X202320837386
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2023-07-27
  • 3. Corporate profitability and inflation: 2017 to 2022
    Articles and reports: 62F0014M2023004
    Description: This paper looks at how profitability has evolved for key Canadian industries from 2017 to 2022. A specific focus is given to the post-lockdown period between the second quarters of 2021 and 2022, during which year-over-year inflation exceeded the Bank of Canada’s inflation-control target range ceiling of 3%. In addition to industry-wide trends, energy and food sectors are analyzed given their day-to-day relevance for Canadians.
    Release date: 2023-07-27
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  • 1. Insights into the impact of extreme weather trends in Canada on homeowners insurance profitability and consumers
    Stats in brief: 11-621-M2024003
    Description: This paper looks at how extreme weather claims have impacted the insurance industry in Canada from 2020 to 2023. A specific focus is given to homeowners insurance, which during this time, homeowners insurance consumer price index exceeded all items inflation. Insurer profitability and consumer impacts are analyzed given the significant uptick in catastrophic claims. All four years analyzed ranked in the top 10 most costly claims years in Canadian history, costing billions each year. In addition, other contributing factors are explored to provide a robust overview of trends in profitability of the insurance industry.
    Release date: 2024-05-15
  • 2. Study: Corporate profitability and inflation 2017 to 2022
    Stats in brief: 11-001-X202320837386
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2023-07-27
  • 3. Corporate profitability and inflation: 2017 to 2022
    Articles and reports: 62F0014M2023004
    Description: This paper looks at how profitability has evolved for key Canadian industries from 2017 to 2022. A specific focus is given to the post-lockdown period between the second quarters of 2021 and 2022, during which year-over-year inflation exceeded the Bank of Canada’s inflation-control target range ceiling of 3%. In addition to industry-wide trends, energy and food sectors are analyzed given their day-to-day relevance for Canadians.
    Release date: 2023-07-27
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