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All (4)

All (4) ((4 results))

  • 1. Insurance in Canada: What’s driving premiums higher?
    Stats in brief: 11-627-M2026026
    Description: The infographic provides a high level overview of the main cost drivers to insurers and why consumers are experiencing higher insurance premiums. Home insurance has been most impacted compared to automobile, as many consumers experienced declining premiums during the pandemic for automobile insurance. Extreme weather and pandemic factors influenced homeowners' insurance, whereas rising parts, maintenance, and repair costs as well as a spike in thefts have influenced auto insurance.
    Release date: 2026-06-16
  • 2. Impacts of rising costs and claims on personal automobile insurance profitability and consumers in Canada
    Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
  • 3. Study: Corporate profitability and inflation 2017 to 2022 Archived
    Stats in brief: 11-001-X202320837386
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2023-07-27
  • 4. 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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Analysis (4)

Analysis (4) ((4 results))

  • 1. Insurance in Canada: What’s driving premiums higher?
    Stats in brief: 11-627-M2026026
    Description: The infographic provides a high level overview of the main cost drivers to insurers and why consumers are experiencing higher insurance premiums. Home insurance has been most impacted compared to automobile, as many consumers experienced declining premiums during the pandemic for automobile insurance. Extreme weather and pandemic factors influenced homeowners' insurance, whereas rising parts, maintenance, and repair costs as well as a spike in thefts have influenced auto insurance.
    Release date: 2026-06-16
  • 2. Impacts of rising costs and claims on personal automobile insurance profitability and consumers in Canada
    Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
  • 3. Study: Corporate profitability and inflation 2017 to 2022 Archived
    Stats in brief: 11-001-X202320837386
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2023-07-27
  • 4. 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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