Quarterly Survey of Financial Statements
Results
Results
All (6)
All (6) ((6 results))
- Articles and reports: 11-621-M2026007Description: This study examines the contributing factors that have impacted Canada's property and casualty (P&C) insurers and consumers, particularly over the last six years. These factors include intensification of extreme weather events, an uptick in automobile thefts, rising costs and the pressure of the COVID-19 pandemic.Release date: 2026-06-16
- Stats in brief: 11-627-M2026026Description: 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
- Articles and reports: 11-621-M2025003Description: 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
- Stats in brief: 11-621-M2024003Description: 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
- Stats in brief: 11-001-X202320837386Description: Release published in The Daily – Statistics Canada’s official release bulletinRelease date: 2023-07-27
- Articles and reports: 62F0014M2023004Description: 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 (6)
Analysis (6) ((6 results))
- Articles and reports: 11-621-M2026007Description: This study examines the contributing factors that have impacted Canada's property and casualty (P&C) insurers and consumers, particularly over the last six years. These factors include intensification of extreme weather events, an uptick in automobile thefts, rising costs and the pressure of the COVID-19 pandemic.Release date: 2026-06-16
- Stats in brief: 11-627-M2026026Description: 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
- Articles and reports: 11-621-M2025003Description: 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
- Stats in brief: 11-621-M2024003Description: 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
- Stats in brief: 11-001-X202320837386Description: Release published in The Daily – Statistics Canada’s official release bulletinRelease date: 2023-07-27
- Articles and reports: 62F0014M2023004Description: 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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