About the Insurance Brokers & Agencies in Prince Edward Island Market Research Report
What’s Included in the Insurance Brokers & Agencies in Prince Edward Island Market Research Report
Definition of the Insurance Brokers & Agencies in Prince Edward Island?
Canadian insurance brokers and agencies includes individuals and businesses that primarily act as agents or brokers in selling annuities and insurance policies. Providers earn commission income, mostly as a percentage of the premium of insurance policies sold. Companies also earn fee income for providing risk management and other value-added services.
What’s included in the Insurance Brokers & Agencies in Prince Edward Island?
The Insurance Brokers & Agencies in Prince Edward Island includes property and casualty insurance policy brokerage, health and medical insurance brokerage, life and accident insurance brokerage, reinsurance brokerage and administration, annuity brokerage and risk management consulting. Related terms covered in the Insurance Brokers & Agencies in Prince Edward Island industry report includes an independent agent who represents the buyer during an insurance transaction, an individual who is licensed by a province to sell insurance products and services for one or more specific insurance carriers or companies, a market in which insurance prices are increasing. insurance markets harden when demand for insurance overshoots supply. the supply of insurance depends on insurers' capital positions, a market in which insurance prices are falling. insurance markets soften when strong balance sheets cause the supply of insurance to exceed demand, enabling price wars to ensue and a common measure of an insurer's profitability that is calculated by dividing incurred losses and expenses by earned premium.
Industry Performance of the Insurance Brokers & Agencies industry in Prince Edward Island
Benchmark the Insurance Brokers & Agencies in Prince Edward Island industry performance with all PE Census Metropolitan Area and national performance.
Insurance Brokers & Agencies in Prince Edward Island
#10 in Highest Revenue 0.3% of province's GDPRevenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
Insurance Brokers & Agencies 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 Insurance Brokers & Agencies industry in Prince Edward Island
See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, number of motor vehicle registrations, consumer spending and per capita disposable income are impacting Insurance Brokers & Agencies in Prince Edward Island
Prince Edward Island Economic Indicators
Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction
View more economic information in PE State Economic profile
Canada Key External Drivers
Number of motor vehicle registrations
Consumer spending
Per capita disposable income
For the full list of industry drivers, see report purchase options.
Census Metropolitan Area Data of the Insurance Brokers & Agencies industry in Prince Edward Island
Access proprietary data on Census Metropolitan Area in the Insurance Brokers & Agencies in Prince Edward Island, such as Charlottetown and Summerside. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.
Key Statistics of the Insurance Brokers & Agencies industry in Prince Edward Island
Download 18 years of historical data and 5 years of projected performance.
