Canada’s property and casualty (P&C) insurance market is showing signs of softening, with insurers offering broader coverage and more favorable terms as underwriting capacity expands and competition heightens, according to Aon ’s Fall 2025 Canadian Insurance Market Update .

The report noted that insurers are prioritizing client retention while maintaining strong underwriting results.

Russell Quilley, head of Commercial Risk and chief broking officer for Canada at Aon, said the environment allows organizations to re-evaluate and optimize insurance strategies to better align with shifting business objectives.

Property insurance remains resilient despite a series of catastrophic weather events this year. Aon said improved profitability and expanded capacity are supporting broader terms

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