In today’s evolving insurance landscape, staying informed is the key to controlling costs, improving coverage, and gaining a competitive edge.
With shifting market conditions and emerging risks impacting everything from property to cyber security, it’s critical to understand how current trends can affect your business or personal coverage.
We’ve compiled the latest insights across 12 key insurance categories, highlighting the most important trends shaping the Canadian marketplace in 2025. Each trend comes with clear, actionable advice designed to help you reduce risk, capitalize on cost-saving opportunities, and make more informed insurance decisions.
Explore these trends and practical tips to ensure you’re prepared, protected, and ready to finish 2025 strong.
1. Commercial Property Insurance
Trend: Rates are softening as insurers compete for new business.
Benefit for Buyers: If you’ve invested in loss prevention and risk mitigation, expect better terms, lower deductibles, and potential premium reductions. Now’s the time to ensure your risk management strategy is up-to-date—insurers reward proactive clients.
2. Commercial Auto Fleet
Trend: Despite overall rising claims costs, fleets with effective driver safety and telematics programs experience stable or decreasing insurance rates.
Benefit for Buyers: Consider investing in real-time driver monitoring technology and safety training—proven ways to manage risk and cut your insurance costs.
3. Commercial Liability Insurance
Trend: A competitive market is providing favourable rates and broader coverage, except for emerging risks like PFAS (“forever chemicals”), which face new exclusions.
Benefit for Buyers: It’s a good time to revisit your liability coverage limits and explore enhancements. Just ensure you understand any new exclusions to avoid unexpected gaps.
4. Construction Sector Insurance
Trend: Insurers are showing increased willingness to cover historically challenging contractor classes, including mechanical and roofing contractors, at more competitive prices.
Benefit for Buyers: Construction businesses have an opportunity to secure better pricing on general liability, fleet, and builder’s risk policies. Engage your broker early to present your risk profile.
5. Surety
Trend: Strong surety market capacity allows contractors to secure higher per-job limits and expanded aggregate bonding programs.
Benefit: Now is an ideal time to boost your project capacity and competitiveness by increasing your bond limits—often without significant cost increases—if you maintain strong financial health and risk management practices.
6. Directors & Officers (D&O) Liability
Trend: High capacity and competitive pricing persist, but insurers are scrutinizing companies’ risk management around tariffs and ESG disclosures.
Benefit for Buyers: Boards should secure favourable D&O coverage now, clearly demonstrating strong governance and risk management practices to ensure ongoing insurer support.
7. Cyber Liability
Trend: Rising ransomware and supply-chain attacks keep cyber insurance competitive yet cautious. Insurers reward businesses with robust cybersecurity programs.
Benefit for Buyers: Strengthen your cybersecurity controls—like AI-driven threat detection and staff training—to secure better terms, broader coverage, and potential premium savings.
8. Captive and Alternative Risk Solutions
Trend: With lingering memories of hard market conditions, Canadian businesses are proactively exploring captive insurance solutions, especially domestically in Alberta.
Benefit for Buyers: Evaluate if a captive structure can stabilize your long-term insurance costs and protect against future market volatility. Alberta offers an accessible, onshore alternative.
9. Personal Property Insurance
Trend: Record-breaking climate claims have driven personal property premiums sharply upward.
Benefit for Buyers: While premium hikes are tough to avoid, consumers can manage increases through improved home protections and demonstrating proactive loss prevention to insurers.
10. Personal Auto Insurance
Trend: Despite auto theft rates dropping 18.6% nationwide, premiums remain high due to regulatory pressures and rising replacement costs.
Benefit for Buyers: Reduce your premiums by increasing deductibles, installing anti-theft technology, or bundling auto with home policies. Stay alert to provincial regulatory changes impacting affordability.
11. Travel Insurance
Trend: Canadians are shifting away from U.S. destinations amid geopolitical uncertainty, driving increased demand for travel insurance and alternative travel routes.
Benefit for Buyers: If travelling abroad, secure comprehensive coverage early. Explore new routes and insurance packages tailored for emerging travel destinations like Mexico or the Dominican Republic.
12. Group Benefits
Trend: Canadian employers face average annual premium increases of 7–8%, driven by rising drug and paramedical claims.
Benefit: Companies can manage costs and support employee retention by implementing cost-control measures, such as preferred pharmacy networks, tighter drug formularies, and enhanced mental health benefits.
You work hard to build your business—make sure it’s protected. The right insurance coverage gives you peace of mind so you can focus on getting the job done.
Want help reviewing your coverage or filling in the gaps? Contact us today! Call us at 780.424.2727 or click here to get a quote.