Variant of NAICS 1997 - Labour Force Survey (LFS) Industries

5241 - Insurance Carriers

This industry group comprises establishments primarily engaged in underwriting annuities and insurance policies, and reinsurance. The establishments of this group invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of reserves. Direct insurance carriers that are primarily engaged in underwriting annuities and insurance policies directly to policy holders, and reinsurance carriers that are primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers, are included. Industries are defined in terms of the type of risk against which the policy holders are being insured, such as death, loss of employment due to age or disability, and property damage.

52411 - Direct Life, Health and Medical Insurance Carriers

This industry comprises establishments primarily engaged in underwriting annuities and life insurance, accidental death and dismemberment insurance, disability income insurance and insurance for hospital, medical, dental, vision and other health services, directly to policyholders.

• Exclusion(s):

  • government establishments providing health insurance (See 91291 Other Provincial and Territorial Public Administration)

• and

  establishments primarily engaged in:

  • reinsuring life, health and medical insurance (See 52413 Reinsurance Carriers)

52412 - Direct Insurance (except Life, Health and Medical) Carriers

This industry comprises establishments primarily engaged in underwriting all types of insurance (other than life, health or medical), directly to policyholders. Examples of establishments in this industry are automobile, property and liability insurance carriers.

• Exclusion(s):

  Establishments primarily engaged in:

  • reinsurance (See 52413 Reinsurance Carriers)

52413 - Reinsurance Carriers

This industry comprises establishments primarily engaged in assuming all or part of the risk associated with any type of insurance policy originally underwritten by other insurance carriers.

• Exclusion(s):

  Establishments primarily engaged in:

  • underwriting insurance directly to policyholders (See 52411 Direct Life, Health and Medical Insurance Carriers)