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Conservative insurance market continues in Canada, Aon reports

Newswire.ca - Tue Sep 12, 2023

Risks remain for economic and social inflation, geopolitical tensions, catastrophic weather and supply chain and labor issues

TORONTO, Sept. 12, 2023 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, has released its 2023 Fall Canadian Insurance Market Update in support of Aon's ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs. The report finds that a conservative market environment remains as uncertainty around economic and social inflation, geopolitical tensions, rising catastrophic weather losses, and supply chain and labour challenges continue. However, there is optimism within the market with moderate competition returning as insurers look for growth opportunities with a particular emphasis on well-performing risks.

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