Economic Contribution Study

To more fully understand the important social and economic impacts of insurance brokers, IBAC engaged Deloitte Canada to analyze the economic contribution generated by the insurance brokerage industry to the national and provincial economies, and to identify a range of social contributions. 

Results indicate that member brokerages contributed approximately $5.4 billion to Canada’s GDP in and sustained an estimated 58,300 FTE (full-time equivalent) jobs in Canada. The study also highlights the social benefits that insurance brokers bring to their communities. For example, 90% of brokerages surveyed donate financially and 70% of their employees volunteer their time to local charities and social causes.