NAICS Canada 524124—Direct property insurance carriers

Where 524124 sits

1. 52 Finance and insurance
2. 524 Insurance carriers and related activities
3. 5241 Insurance carriers
4. 52412 Direct insurance (except life, health and medical) carriers
5. 524124 Direct property insurance carriers

Description

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.

What 524124 includes

• Provision of a package with related types of protection, such as personal liability for homeowners and tenants, business-interruption insurance and temporary accommodation costs
• Personal and commercial property insurance
• Provision of a package with related types of protection, such as personal liability for homeowners and tenants, business-interruption insurance and temporary accommodation costs

What 524124 excludes

• Reinsuring property insurance (see 524134 property reinsurance carriers (can))

Example activities

• direct property insurance carriers (e.g., burglary, theft, fire, damage)
• fire insurance underwriters
• direct property insurance carriers (e.g., burglary, theft, fire, damage)
• fire insurance underwriters
• personal and commercial property insurance
• plate glass insurance

524124 in other systems