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All (3)

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. North American Industry Classification System (NAICS) Canada
    Classification: 12-501-X
    Description:

    The North American Industry Classification System (NAICS) is an industry classification system developed by the statistical agencies of Canada, Mexico and the United States. Created against the background of the North American Free Trade Agreement, it is designed to provide common definitions of the industrial structure of the three countries and a common statistical framework to facilitate the analysis of the three economies. NAICS is based on supply-side or production-oriented principles, to ensure that industrial data, classified to NAICS, are suitable for the analysis of production-related issues such as industrial performance.

    NAICS is a comprehensive system encompassing all economic activities. It has a hierarchical structure. At the highest level, it divides the economy into 20 sectors. At lower levels, it further distinguishes the different economic activities in which businesses are engaged.

    Email: statcan.csds-standards-industry-cnsd-normes-industrie.statcan@statcan.gc.ca  

    Release date: 2022-01-27
  • 3. Fraud Against Businesses in Canada: Results from a National Survey
    Journals and periodicals: 85-571-X
    Geography: Canada
    Description:

    This report provides an overview of the first available data on business fraud in Canada focusing on businesses in the retail, banking and insurance sectors. Data used in this report are from the Survey of Fraud against Businesses, 2007-2008. The Survey of Fraud against Businesses provides national-level data on the prevalence and types of fraud experienced, how businesses respond to incidents of fraud, the monetary and non-monetary costs of fraud and fraud detection and prevention practices.

    Release date: 2009-12-10
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Analysis (2)

Analysis (2) ((2 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. Fraud Against Businesses in Canada: Results from a National Survey
    Journals and periodicals: 85-571-X
    Geography: Canada
    Description:

    This report provides an overview of the first available data on business fraud in Canada focusing on businesses in the retail, banking and insurance sectors. Data used in this report are from the Survey of Fraud against Businesses, 2007-2008. The Survey of Fraud against Businesses provides national-level data on the prevalence and types of fraud experienced, how businesses respond to incidents of fraud, the monetary and non-monetary costs of fraud and fraud detection and prevention practices.

    Release date: 2009-12-10
Reference (1)

Reference (1) ((1 result))

  • 1. North American Industry Classification System (NAICS) Canada
    Classification: 12-501-X
    Description:

    The North American Industry Classification System (NAICS) is an industry classification system developed by the statistical agencies of Canada, Mexico and the United States. Created against the background of the North American Free Trade Agreement, it is designed to provide common definitions of the industrial structure of the three countries and a common statistical framework to facilitate the analysis of the three economies. NAICS is based on supply-side or production-oriented principles, to ensure that industrial data, classified to NAICS, are suitable for the analysis of production-related issues such as industrial performance.

    NAICS is a comprehensive system encompassing all economic activities. It has a hierarchical structure. At the highest level, it divides the economy into 20 sectors. At lower levels, it further distinguishes the different economic activities in which businesses are engaged.

    Email: statcan.csds-standards-industry-cnsd-normes-industrie.statcan@statcan.gc.ca  

    Release date: 2022-01-27
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