LONDON, UK, FEBRUARY 11, 2025/insPRESS/ – Insly, the insurance industry’s leading provider of low-code software, has unveiled its latest report, Insurance Trends 2025: The Landscape for Insurers, MGAs, and Insurtechs. This comprehensive eBook offers a deep dive into the evolving risk landscape, emerging market trends, and the transformative role of technology in the insurance sector.
A global leader in insurance software, Insly provides flexible solutions designed to help insurers, MGAs, and brokers streamline policy administration, underwriting, and claims management. Already trusted by insurance businesses across Europe, the UK, US, Insly continues to expand its presence in Canada, enabling businesses to maximise efficiency, profitability and growth in a rapidly evolving market.
In 2025, Canadian businesses face a combination of mounting regulatory pressures, intensifying climate risks, and the digitalisation of underwriting and claims processing, which are reshaping the market. The Insly report provides critical insights from sector experts on these shifts and explores how insurers and MGAs can stay ahead of the curve. Key trends highlighted include:
- The continuation of the hard market, with rising premiums and stricter underwriting standards is creating challenges for insurers. Those who embrace advanced analytics and automation can turn these obstacles into opportunities.
- Climate change is driving a major shift in risk models, as increasing catastrophe losses force insurers to consider new approaches, such as parametric insurance and AI-driven assessments.
- Regulatory pressures are becoming more stringent, impacting insurers and MGAs. Compliance requirements are tightening, making it essential for companies to adapt while maintaining profitability. The report outlines strategies to help navigate these challenges effectively.
- The evolving role of insurtech. The sector is moving away from standalone solutions and shifting toward embedded technology solutions within traditional insurance firms. This transformation is redefining efficiency and enhancing customer engagement, paving the way for a more integrated approach to insurance technology.
- Artificial intelligence (AI) continues to play an increasing role in underwriting and claims, offering immense potential for automation and efficiency. However, false starts and ethical concerns remain key considerations. Insly’s research delves into how insurers can harness AI responsibly, ensuring it delivers value without compromising trust or compliance.
Amid rapid change and rising competition, the report provides Canadian MGAs and insurers with a strategic roadmap for 2025. Highlighting the most important challenges and opportunities ahead, it provide vital pointers on how they can stay competitive by focusing on innovation, efficiency, and sustainable growth.
“This report is more than just a snapshot of industry trends—it’s a guide for insurers, MGAs, and insurance firms looking to remain competitive,” said Risto Rossar, CEO at Insly. “From regulatory shifts to technological advancements, our insights provide a strategic advantage for Canadian industry leaders.”
The full eBook, Insurance Trends 2025: The Landscape for Insurers, MGAs, and Insurtechs, is available for free download at https://insly.com/en/blog/insurance-trends-the-landscape-for-insurers-mgas-and-insurtech/.
