Demographic Analysis of the P&C Insurance Industry in Canada 2022 to 2026 ii About the Insurance Institute The Insurance Institute is the premier source of professional education and career development for the Canada’s property and casualty insurance industry. Established in 1899, the Institute is a not-for-profit organization serving more than

The Insurance Institute has been conducting demographic research on behalf of the industry since 2007. This Full Report of the Demographics of the P&C Insurance Industry in Canada provides a comprehensive analysis of the demographics of the industry’s workforce and retirements projections to 2027. An Executive Summary and Executive Brief are ...

Demographic research series. 2023. Demographic Research. 2018. A Changing Workforce: Implications of Technological Disruption... 2017. Demographics of the P&C Insurance Industry in Canada. 2012. A Demographic Analysis of the P&C Insurance Industry in Canada. 2009. A Demographic Analysis – Part II.

Surveys of industry employees and HR professionals provide insight into workforce recruitment and retention, and employee satisfaction. Top issues such as salaries, career development, mental health and inclusion support, and hybrid or remote work opportunities are explored through both perspectives.

Our own industry benchmarking demographic research, released last year, identified the predominant generation in the workforce to be those aged 35-44 at 31% of the workforce, with those aged 18-34 at 24%. With the Millennial and Gen Z cohort comprising such a large share of the industry’s workforce, this clearly dispels outdated myths about ...

Mashingaidze said there are shifts happening now both from the perspective of employee expectations and demographic changes in the industry. This underscores the imperative of finding a balance between what employees want and need, maintaining successful business operations and ensuring customer satisfaction.

Demographic research published by the Insurance Institute of Canada (IIC) shows roughly 22% of the current P&C industry workforce is eligible to retire between 2021 and 2026. And the industry’s having a hard time replacing those who depart.

Demographic Research 2022-2023 is the latest in our report series created in partnership with the Conference Board of Canada. It examines questions around human capital in insurance by looking at recruitment, retention, succession planning, and education and training.

And a well-documented labour shortage in both the P&C and restoration contracting industries isn’t helping matters at all. Adjusters are among the most sought-after industry professionals in the country, according to the Insurance Institute of Canada’s Demographic Research, which surveyed P&C insurance industry HR professionals.

Knowledge transfer key as senior leaders retire: Demographic report, Canadian Underwriter, June 2, 2023. February RIBO, IBAO spot cheating on exams, Thompson's, February 6, 2023. January Insurance Institute planning to expand virtual offerings, Thompson's, January 9, 2023