Canadian insurers are caught in a squeeze—rising costs, constrained growth, and an operating model under pressure. 

Regulations are increasing in volume and complexity. Inflation is eroding margins. Growth in core business lines is slowing. And with uncertainty clouding investment returns, portfolio income may not be enough to bridge the gap. 

Only 29% of Canadian financial services leaders (compared to 42% globally) say they’re very or extremely confident in their prospects for revenue growth over the next 12 months, according to our most recent Global CEO Survey. And it’s not hard to see why. 

Canadian insurers face structural challenges. Not passing headwinds. What’s needed is a shift—refocusing effort from maintaining the business to work that actually advances it—across how you manage risk, how you scale, and how you put technology to work.