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.

Exhibit - 2014 total premium by product

Exhibit - Global Insured Losses by Peril


 

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.

Exhibit - Change in global insurer capital

Exhibit - Canadian interest rates


 
 

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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Aon and other Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. All personal information is collected and used in accordance with our privacy statement.

Please click here to manage your communication preferences

Request the full report

Thank you for your interest in the 2018 Insurance Market Report Canada. As the report becomes available, an Aon representative will be in contact to discuss trends and conditions for 2018.