524135 Liability reinsurance carriers

What code 524135 includes

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.

Activities & Examples

• directors' liability reinsurance
• product liability reinsurance
• professional malpractice reinsurance
• directors' liability reinsurance
• product liability reinsurance
• professional malpractice reinsurance

Classification Hierarchy

• Sector 52 — Finance and insurance
• Subsector 524 — Insurance carriers and related activities
• Industry group 5241 — Insurance carriers
• Industry 52413 — Reinsurance carriers
• Canadian industry 524135 — Liability reinsurance carriers

International Concordance

• ISIC Rev. 4: K6520* — Reinsurance