Architects and the public expect that there be sufficient funds available to pay for errors and omissions of the profession.
Pro-Demnity operates much like a mutual insurer, putting the protection and interests of its
policyholders – architectural practices – first.
To support the profession as it grows, it is important that we maintain the financial strength necessary to ensure we are always there to protect and defend Ontario architects. Our capital is the key measure of that strength: not only must we comply with insurance regulations of the Financial Services Regulatory Authority (FSRA) of Ontario, but we must also plan for economic and other trends that affect the company, both now and in the future.
In 2023, Pro-Demnity’s financial performance was stronger than in previous years, safeguarding our
sustainable insurance operating model and furthering our efforts to protect and defend architects.
See below for highlights of our Reliably Protective financial performance in 2023:
Read the 2024 Annual Update: