Aon: Canada’s P&C insurance market enters 2026 strong amid ample capacity and complex risks

Toronto, April 27, 2026 — Canada’s property and casualty insurance market is heading into 2026 from a position of strength, with solid capitalization, strong underwriting performance and a competitive landscape that continues to grow, according to Aon plc’s Spring 2026 Canadian Insurance Market Update.

Capacity is ample across many lines, and both domestic and international insurers are actively deploying limits into Canada, the report finds. That availability is translating for many organizations into more favorable pricing, broader coverage and greater flexibility to reshape program structures that were constrained in prior years.

“The risk environment remains complex,” said Russell Quilley, head of Commercial Risk and chief broking officer in Canada for Aon. He added that current conditions represent an important window for clients to strengthen their insurance and risk financing programs.

The update was published to support Canadian clients’ decision-making on risk management and insurance programs. While the report highlights improving market terms, it underscores the need for organizations to continue refining coverage and financing strategies in light of evolving risks.