NAICS Canada 524135—Liability reinsurance carriers

Where 524135 sits

1. 52 Finance and insurance
2. 524 Insurance carriers and related activities
3. 5241 Insurance carriers
4. 52413 Reinsurance carriers
5. 524135 Liability reinsurance carriers

Description

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.

Example activities

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

524135 in other systems