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Property, Casualty and Direct Insurance in New Brunswick

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NB52412CA

Property, Casualty and Direct Insurance in New Brunswick industry analysis

Revenue for the Property, Casualty and Direct Insurance industry in New Brunswick is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely decline at -x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Property, Casualty and Direct Insurance in New Brunswick Market Research Report

What’s Included in the Property, Casualty and Direct Insurance in New Brunswick Market Research Report

Definition of the Property, Casualty and Direct Insurance in New Brunswick?

Companies in this industry are engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Additionally, companies in this industry provide reinsurance service, assuming all or part of the risk associated with existing insurance policies. This industry does not include insurance or reinsurance coverage for life, disability, accidental death, dismemberment or health risks.

What’s included in the Property, Casualty and Direct Insurance in New Brunswick?

The Property, Casualty and Direct Insurance in New Brunswick includes directly underwriting private automobile insurance, directly underwriting public automobile insurance, directly underwriting homeowners insurance, directly underwriting title insurance, directly underwriting workers' compensation insurance, directly underwriting medical malpractice insurance, reinsuring policies from other insurance companies, automobile reinsurance and surety and title reinsurance. Related terms covered in the Property, Casualty and Direct Insurance in New Brunswick industry report includes the process where insurers assess the risks to insure and decide how much to charge for those risks, indemnity insurance that protects against financial loss from defects in title to real property and from invalidity of mortgage liens and the supply of insurance or the maximum amount of insurance a company or market can underwrite, which is determined by a company's financial strength or surplus.

Industry Performance of the Property, Casualty and Direct Insurance industry in New Brunswick

Benchmark the Property, Casualty and Direct Insurance in New Brunswick industry performance with all NB Census Metropolitan Area and national performance.

Property, Casualty and Direct Insurance in New Brunswick

#8 in Highest Revenue 2.3% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Property, Casualty and Direct Insurance in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Property, Casualty and Direct Insurance industry in New Brunswick

See how key industry drivers, such as median houshold income, private investment in residential construction, private investment in non-residential construction, number of motor vehicle registrations, value of residential construction and number of adults aged 65 and older are impacting Property, Casualty and Direct Insurance in New Brunswick

New Brunswick Economic Indicators

Median Houshold Income
Private Investment in Residential Construction
Private Investment in Non-Residential Construction

View more economic information in NB State Economic profile

Canada Key External Drivers

Number of motor vehicle registrations
Value of residential construction
Number of adults aged 65 and older

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Property, Casualty and Direct Insurance industry in New Brunswick

Access proprietary data on Census Metropolitan Area in the Property, Casualty and Direct Insurance in New Brunswick, such as Saint John, Moncton and Fredericton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Property, Casualty and Direct Insurance industry in New Brunswick

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Property, Casualty and Direct Insurance industry in New Brunswick in 2025?

The market size of the Property, Casualty and Direct Insurance industry in New Brunswick is $1.4bn in 2025.

How many businesses are there in the Property, Casualty and Direct Insurance industry in New Brunswick in 2025?

There are 28 businesses in the Property, Casualty and Direct Insurance industry in New Brunswick, which has been declining at an average annual rate of -4.9% from 2020 to 2025.

Has the Property, Casualty and Direct Insurance industry in New Brunswick grown or declined over the past 5 years?

The market size of the Property, Casualty and Direct Insurance industry in New Brunswick has been declining at an average annual rate of -8.5% from 2020 to 2025.

How many employees in the Property, Casualty and Direct Insurance industry in New Brunswick in 2025?

There are 860 employees in the Property, Casualty and Direct Insurance industry in New Brunswick, which has been declining at an average annual rate of -9.5% from 2020 to 2025.