In 2022, the net claims incurred by the auto insurance segment in Canada amounted to approximately 16.3 billion Canadian dollars. This is around 600 million Canadian dollars higher than the previous year, but almost three times higher than the net auto insurance claims recorded in 1990.
Net claims incurred by auto insurance in Canada from 1990 to 2022
(in billion Canadian dollars)
Characteristic
Net claims incurred in billion Canadian dollars
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Insurance Bureau of Canada. (October 4, 2023). Net claims incurred by auto insurance in Canada from 1990 to 2022 (in billion Canadian dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/
Insurance Bureau of Canada. "Net claims incurred by auto insurance in Canada from 1990 to 2022 (in billion Canadian dollars)." Chart. October 4, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/
Insurance Bureau of Canada. (2023). Net claims incurred by auto insurance in Canada from 1990 to 2022 (in billion Canadian dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/
Insurance Bureau of Canada. "Net Claims Incurred by Auto Insurance in Canada from 1990 to 2022 (in Billion Canadian Dollars)." Statista, Statista Inc., 4 Oct 2023, https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/
Insurance Bureau of Canada, Net claims incurred by auto insurance in Canada from 1990 to 2022 (in billion Canadian dollars) Statista, https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/ (last visited July 22, 2024)
Net claims incurred by auto insurance in Canada from 1990 to 2022 (in billion Canadian dollars) [Graph], Insurance Bureau of Canada, October 4, 2023. [Online]. Available: https://www.statista.com/statistics/470866/net-claims-incurred-auto-insurance-canada/