In 2022, net claims incurred by the auto insurance sector in Canada amounted to approximately 16.3 billion Canadian dollars. This was by far the largest share of all Canadian property and casualty claims incurred during that year, at over twice the value of the next-largest insurance line, personal property insurance.
Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line
(in billion Canadian dollars)
Characteristic
2020
2021
2022
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Insurance Bureau of Canada. (October 4, 2023). Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line (in billion Canadian dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/
Insurance Bureau of Canada. "Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line (in billion Canadian dollars)." Chart. October 4, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/
Insurance Bureau of Canada. (2023). Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line (in billion Canadian dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/
Insurance Bureau of Canada. "Net Claims Incurred for Property and Casualty Insurance in Canada in 2020 to 2022, by Insurance Line (in Billion Canadian Dollars)." Statista, Statista Inc., 4 Oct 2023, https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/
Insurance Bureau of Canada, Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line (in billion Canadian dollars) Statista, https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/ (last visited July 22, 2024)
Net claims incurred for property and casualty insurance in Canada in 2020 to 2022, by insurance line (in billion Canadian dollars) [Graph], Insurance Bureau of Canada, October 4, 2023. [Online]. Available: https://www.statista.com/statistics/470891/net-claims-incurred-property-and-casualty-insurance-canada-by-line/