Variant of NAICS 2002 - Information and Communication Technology (ICT) Sector

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

524131 - Life Reinsurance Carriers^CAN

This Canadian industry comprises establishments in which more than 70 percent of nominal output is derived from assuming all or part of the risk associated with individual and group annuities and policies for life insurance, accidental death and dismemberment insurance, and disability income insurance originally underwritten by other insurance carriers. Nominal output is measured as premiums less claims plus investment income.

• Example Activities:

  • Life reinsurance
  • Reinsurance carriers, life

524132 - Accident and Sickness Reinsurance Carriers^CAN

This Canadian industry comprises establishments in which more than 70 percent of nominal output is derived from assuming all or part of the risk associated with insurance policies for hospital, medical, dental, vision and other health services originally underwritten by other insurance carriers. Nominal output is measured as premiums less claims plus investment income.

• Example Activities:

  • Health reinsurance underwriters
  • Reinsurance carriers, accident and health

524133 - Automobile Reinsurance Carriers^CAN

This Canadian industry comprises establishments in which more than 70 percent of nominal output is derived from assuming all or part of the risk associated with automobile insurance policies originally underwritten by other insurance carriers. Nominal output is measured as premiums less claims plus investment income.

• Example Activities:

  • Automobile reinsurance carriers

524134 - Property Reinsurance Carriers^CAN

This Canadian industry comprises establishments in which more than 70 percent of nominal output is derived from assuming all or part of the risk associated with property insurance policies originally underwritten by other insurance carriers. Nominal output is measured as premiums less claims plus investment income.

Property insurance provides protection for losses to buildings and contents.

• Example Activities:

  • Property reinsurance carriers

524135 - Liability Reinsurance Carriers^CAN

This Canadian industry comprises establishments in which more than 70 per cent of nominal output is derived from assuming all or part of the risk associated with liability insurance policies originally underwritten by other insurance carriers. Nominal output is measured as premiums less claims plus investment income.

Liability insurance provides protection for legal liability to others for injury, death or damage to property which may arise in the course of carrying out occupational or personal activities. Examples of liability insurance are product liability insurance, professional malpractice insurance and directors' liability insurance.

• Example Activities:

  • Liability reinsurance carriers

524139 - General and Other Reinsurance Carriers^CAN

This Canadian industry comprises establishments, not classified to any other Canadian industry, primarily engaged in assuming all or part of the risk associated with insurance policies originally underwritten by other insurance carriers.

• Example Activities:

  • Non-specialized reinsurance carriers