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

524124 - Direct Property Insurance Carriers

This Canadian industry comprises establishments in which more than 70 per cent of nominal output is derived from underwriting property insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.

Property insurance provides protection for losses to buildings and contents. It may be provided in a package with related types of protection, such as personal liability for homeowners and tenants, business-interruption insurance and temporary accommodation costs. Property insurance includes personal and commercial insurance.

  • Exclusion(s):

    Establishments primarily engaged in:

    • reinsuring property insurance (See 524134 Property Reinsurance Carriers)
  • Example Activities:

    • Burglary and theft insurance
    • Fire and theft insurance
    • Fire insurance underwriters
    • Property damage insurance
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