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Property, Casualty and Direct Insurance in Manitoba

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS MB52412CA

Property, Casualty and Direct Insurance in Manitoba industry analysis

Revenue for the Property, Casualty and Direct Insurance industry in Manitoba 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 x,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.x% to x,xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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

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

Definition of the Property, Casualty and Direct Insurance in Manitoba?

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 Manitoba?

The Property, Casualty and Direct Insurance in Manitoba 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 Manitoba 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 Manitoba

Benchmark the Property, Casualty and Direct Insurance in Manitoba industry performance with all MB Census Metropolitan Area and national performance.

Property, Casualty and Direct Insurance in Manitoba

#6 in Highest Revenue 2.8% 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 Manitoba

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, 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 Manitoba

Manitoba Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in MB 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 Manitoba

Access proprietary data on Census Metropolitan Area in the Property, Casualty and Direct Insurance in Manitoba, such as Winnipeg, Portage La Prairie and Brandon. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

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

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 Manitoba in 2025?

The market size of the Property, Casualty and Direct Insurance industry in Manitoba is $1.6bn in 2025.

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

There are 33 businesses in the Property, Casualty and Direct Insurance industry in Manitoba, which has been declining at an average annual rate of -2.3% from 2020 to 2025.

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

The market size of the Property, Casualty and Direct Insurance industry in Manitoba has been declining at an average annual rate of -5.4% from 2020 to 2025.

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

There are 1,038 employees in the Property, Casualty and Direct Insurance industry in Manitoba, which has been declining at an average annual rate of -6.5% from 2020 to 2025.