Insurance Market Update Canada
Aon is dedicated to helping clients build resilient, adaptable insurance programs aligned with their business objectives.
The Canadian Property & Casualty (P&C) insurance market is currently characterized by soft conditions, marked by increased capacity, strong underwriting performance, and heightened competition. These factors are driving more favourable terms and broader coverage options, as carriers prioritize client retention and seek to deliver greater value. This environment presents significant opportunities for organizations to optimize their insurance programs— whether by expanding limits, enhancing coverage, or resolving legacy challenges from previous market cycles. Advanced analytics and flexible underwriting practices are enabling more informed negotiations, while robust competition is fostering collaboration and innovative risk solutions.
