2019 Insurance Market Report - Canada: Making decisions in a volatile world

Aon’s Insurance Market Report - Canada helps you make decisions in a transitioning market. Using unique data and analytics, the report allows us to look at alternative capital options and unique risk solutions.

Key Findings

The increasing costs of climate change

Frequency and severity of catastrophic events is increasing and putting pressure on the insurance industry. $147 billion in catastrophe losses in 2017, coupled with an additional $90 billion in 2018, have led to the most expensive two-year period ever recorded.

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Transitioning market and underwriter appetite

The current low interest period, combined with increased losses coming out of previous years, has led to many insurers receiving poor returns on premium.

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How Aon can help

Despite a volatile business environment, there continues to be appetite and capacity in the overall market. Understanding the market impact and tools available is critical to creating bespoke solutions that will work for your individual risk appetite.

We look forward to the opportunity to leverage our expertise and carrier relationships as we actively deliver solutions in the face of this transitioning market.

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