Commercial property.
Historically one of the more profitable lines, commercial property
insurers saw a premium growth of just 1.1 % in 2007, which is being
reflected in lower earned premiums Earned premium is the portion of an insurance written premium which is considered "earned" by the insurer, based on the part of the policy period that the insurance has been in effect, and during which the insurer has been exposed to loss. . As a result, the rate of increase in
incurred claims incurred claims,
n.pl the outstanding obligations of the insurer for dental services rendered to the insured. is outpacing growth in earned premium.
Top Canada P/C Insurers
Direct Premiums Written 2007 (C$ Millions)
ING Insurance Company of Canada [85758]
Aviva Insurance Company of Canada (1) [85748]
American Home Assurance Company (Canadian Branch) [86121]
Zurich Insurance Company (Canadian Branch) [85148]
Lombard General Insurance Company of Canada [85732]
Factory Mutual Insurance Company (Canadian Branch) [87010]
Economical Mutual Insurance Company (1) [85741]
Commonwealth Insurance Company [85730]
Co-operators General Insurance Company [85735]
Royal & Sun Alliance Insurance Company of Canada [85785]
(1) Purchased data from Beyond 20/20
Source: AM Best Statistical Study (9/12/2008)
COPYRIGHT 2008 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion