Insurance Market Report Canada - 2025 Spring update
The outlook for 2025 is rapidly evolving, influenced by a myriad of factors including geopolitical risks, domestic challenges, and extreme weather events.
The Canadian Property and Casualty (P&C) market has proved remarkably resilient. Despite record breaking natural catastrophe losses in 2024 totaling $9.1 billion, the market remains well-capitalized with healthy competition and ample capacity. Premium increases and improved returns on investments have strengthened insurers' positions, enabling them to withstand the headwinds throughout 2024.
