2026 Executive Outlook | Rohan Dixon, Sompo

The nation’s recalibration of its economic and trade priorities will be a pivotal development influencing Canada’s property and casualty insurance sector in 2026. Historically, Canada’s infrastructure and policies have been closely aligned with its largest trading partner, the United States. However, evolving global dynamics have now prompted the Canadian government to diversify its economic relationships, strengthen domestic resilience, and reduce reliance on a single trading partner.

This transformation requires increased investment in infrastructure, the development of export strategies, and efforts to protect critical supply chains. These changes will introduce new risks and opportunities for the property and casualty insurance industry, requiring insurers to adapt their offerings and approach. As Canada transitions to cultivating broader international relationships, insurers must evolve their products and services to address emerging exposures tied to new investments and trade patterns.

To remain competitive, insurers will need to align their strategies with Canada’s diversification agenda, and develop innovative solutions tailored to support the country’s expanding global footprint. Strengthening partnerships with brokers and stakeholders in regions experiencing heightened investment activity will be crucial. At the same time, insurers must maintain a Canadian-focused underwriting approach while leveraging expertise and capacity from international markets.

The transition also signals a strategic transformation in Canada’s global economic positioning.  For the property and casualty insurance industry, this is a call to action. By aligning with the government’s diversification and resilience goals, insurers have the opportunity to help drive further economic expansion, create jobs, and strengthen the long-term stability of the Canadian marketplace.

In doing so, the industry will not only protect assets but also play a pivotal role in enabling sustainable growth and ensuring Canada’s competitive position in an ever-evolving world.