MSA Research > P&C MSA Benchmark Report

The MSA Benchmark Report is a unique and powerful benchmarking tool, providing extensive comparative statistical information and analysis on forty-three industry composites. Composite data is presented in the same format as the individual company exhibits contained in the MSA/Report, providing for straightforward comparability.

Included Composites / MSA Researcher SoftwareThe report provides three full pages of critical data for each composite, including:

Five years of information.
Multi-year averages and compound annual growth (CAGR) measures.
Regulatory early-warning tests (including pass/fail indicators), as well as supplementary solvency ratios.
Financials: Balance-sheet and income-statement.
Profitability and liquidity measures
Claims runoff exhibits (discounted and un-discounted).
Proprietary accident-year development charts (discounted and un-discounted).
Detailed analysis of reinsurance ceded.
Loss, expense and commission ratios, including commissions by major line.
NPW and loss ratios by major line.
NPW and loss ratios by territory.
Analysis of auto-writings by territory (DPW and loss ratios).
Analysis of invested assets.
Analysis of outstanding loss provisions, including reserve adequacy by line.
Detailed analysis of adjustment expenses.

Other features:

The companies that make up each composite in each period are explicitly displayed.
Comprehensive exhibit explanations.

MSA Benchmark Report - Composites
Composite Name	Description
Industry-Wide Benchmarks
Total Canadian P&C Industry	Includes all companies for which MSA Research Inc. currently has data including Lloyd's.
Total Canadian P&C Industry (Inc. Lloyd's Ex ICBC)	Includes all companies for which MSA Research Inc. currently has data including Lloyd's but excluding ICBC.
Total Canadian P&C Industry (Ex Lloyd's)	Includes all companies for which MSA Research Inc. currently has data except for Lloyd's
Total Canadian P&C Industry (Ex ICBC, Ex Lloyd's)	Includes all companies for which MSA Research Inc. currently has data, except for ICBC and Lloyd's.

License Type Benchmarks
Total Federal Companies (Ex Lloyd's)	Includes all federally regulated property and casualty companies excluding Lloyd's.
Total Provincially Licensed (Ex ICBC)	Includes provincially licensed companies for which MSA Research Inc. currently has data except for ICBC.
Canadian Domiciled Insurers	Includes all Canadian domiciled companies either federally or provincially licensed (P&C-1).
Canadian Domiciled Insurers (Ex ICBC)	Includes all Canadian domiciled companies either federally or provincially licensed (P&C-1) but it excludes ICBC.
Foreign Branches (Ex Lloyd's)	Includes only P&C-2 branches of foreign companies except for the Lloyd's

Incorporation Categories
Mutual Companies	Includes mutual insurers. Insurers are classified as a 'mutual' if they or their ultimate parent is a mutual. This composite also includes reciprocal insurance organizations.
Stock Companies	Includes stock companies but excludes stock subsidiaries of mutual companies.

Distribution Categories
Broker Writers (Ex Lloyd's)	Includes insurers whose predominant distribution mechanism is the broker channel. Excludes Lloyd's and reinsurers.
Broker Writers (Ex ICBC and Lloyd's)	Includes primary insurers whose predominant distribution mechanism is the broker channel except for the Insurance Corp. of British Columbia and Lloyd's.
Agency and Direct Writers	Includes insurers whose predominant distribution is either direct or through agents. This composite excludes reinsurers

Primary/Reins. Splits
Primary Companies	Includes primary writers (non reinsurers). It excludes Lloyd's.
Primary Companies (Ex ICBC)	Includes primary writers (non reinsurers) except for ICBC and Lloyd's.
Reinsurers	Includes only reinsurers (excluding FMRP and Promutuel Re).

Ownership Categories
Canadian Owned Companies	Includes Canadian owned companies as well as branches of foreign insurers that are ultimately Canadian owned.
Canadian Owned Companies (Ex ICBC)	Includes Canadian owned companies as well as branches of foreign insurers that are ultimately Canadian owned but it excludes ICBC.
US Owned Companies	Includes US owned companies.
European Owned Companies	Includes European owned companies (excluding Lloyd's)
Other Foreign Owned Companies	Includes insurers that are not owned by either Canadian, US or European parents.

Group Size Categories
Top Ten Groups DPW Basis (Ex ICBC)	Includes Canada's ten largest insurance groups based on current direct premium writings. The composite excludes ICBC.
Top Five Groups	Includes members of the top-five groups in Canada (excluding ICBC and Lloyd's) based on net premiums written. The groups included in this composite are: ING Canada, Aviva Canada (including Pilot for back-years), Co-operators Group; Economicial Insurance Group and the TD Meloche-Monnex companies.
Large Insurers or Groups (Ex Top Five)	Includes insurers or groups with net writings in excess of $500 million, excluding the top-five groups, reinsurers, ICBC and Lloyd's Underwriters. The same population of companies (or groups) is cast back five years.
Mid Sized Insurers or Groups	Includes insurers or groups with net writings of between $200-$500 million (excluding reinsurers). The same population of companies (or groups) is cast back five years.
Small Insurers or Groups	Includes Insurers or groups with net writings of under $200 million (excluding reinsurers). The same population of companies (or groups) is cast back five years.

Legal Entity Size
Large Writers Ex Lloyd's and ICBC (as was, legal entity basis)	Includes INDIVIDUAL insurers with net writings of over $750 million in EACH given year (excludes ICBC, Lloyd's and reinsurers).
Medium Sized Writers (as was, legal entity basis)	Includes INDIVIDUAL insurers with net writings of between $200-$750 million in EACH given year. This composite excludes reinsurers.
Small Writers (as was, legal entity basis)	Includes INDIVIDUAL insurers with net writings between of less than $200 million in EACH given year. This composite excludes reinsurers.

Line of Business Specializations
Personal and Multi-Line Writers	Includes personal-line and multi-line companies (excluding reinsurers).
Personal and Multi-Line Writers (Ex ICBC)	Includes personal-line and multi-line companies (excluding reinsurers and ICBC).
Commercial Lines Predominating plus Lloyd's	Includes companies who write predominantly commercial lines business (excludes reinsurers but includes Lloyd's).
Commercial Lines Predominating	Includes companies who write predominantly commercial lines business (excludes reinsurers & Lloyd's).
Auto Writers	Includes companies whose auto writings comprised more than 50% of their net premiums written (excluding reinsurers).
Auto Writers (Ex ICBC)	Includes companies whose auto writings comprised more than 50% of their net premiums written (excluding reinsurers and ICBC).
Non-Standard Auto and Trucking Writers	Includes companies noted for specializing in non-standard auto and/or trucking business.
Group or Affinity Writers	Includes companies that focus on employee or affinity group business.

Regional Composites
Ontario Predominating	Includes companies whose net writings in Ontario comprised more than 70% of their overall volume. (Excludes reinsurers).
Quebec Predominating	Includes companies whose net writings in Quebec comprised more than 70% of their overall volume. (Excludes reinsurers)
Atlantic Predominating	Includes companies whose net writings in the Atlantic provinces (NFLD, PEI, NS & NB) comprised more than 70% of their overall volume.
Western Predominating	Includes companies whose net writings in the western provinces & territories (MB, SK, AB, BC, YT, NT, NU) comprised more than 70% of their overall volume.
Western Predominating (Ex ICBC)	Includes companies whose net writings in the western provinces & territories (MB, SK, AB, BC, YT, NT, NU) comprised more than 70% of their overall volume (excluding ICBC)

Want the data electronically?

MSA/Benchmark data is available in MSA Researcher P&C software. In addition to the data in the Benchmark report, the software includes detailed OSFI data for the composites. The MSA Benchmark Report hardcopy is included with the software as well.

2011 Edition Available Now

Free with MSA Researcher P&C Software
Price: First copy - C$299, Additional copies - C$199

* Specifications and exhibit details subject to change.