INSURANCE INDUSTRY NEWS

CompareHealth Launches DTC Platform For Personal Health Insurance
CompareHealth, a tool trusted by advisors across Canada to compare personal health insurance, is launching a new 'Direct-to-Canadian' experience. CompareHealth's newest feature allows Canadians to explore coverage options tailored to their age, province, and benefit preferences. Read more.

Life & Health Insurers Leveraging Advanced Artificial Intelligence To Fight Fraud
The Canadian Life and Health Insurance Association has announced that it is expanding its program to pool claims data and using artificial intelligence to identify fraud more quickly. This advanced technology is revolutionizing the insurance industry's ability to combat fraud and ensure the long-term health of group benefits plans. Read more.

Definity Announces Acquisition Of Travelers Canada
Definity Financial Corporation is pleased to announce that it has entered into a definitive agreement to acquire the Canadian operations of Travelers, other than its Canadian surety business. The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026. Read more.

Markel Expands mea Agentic AI Platform To Canada
Following the successful deployment of mea Platform's GenAI solution within Markel's London Wholesale operations, mea and Markel are pleased to announce the expansion of their strategic partnership to include Markel's Canadian business.​ This next phase will see mea's platform applied across Markel Canada's underwriting operations to automate the extraction of unstructured data from submission-related documents. Read more.

Definity Achieves Two CSIO Certifications For Enhanced Broker Efficiency
CSIO is pleased to announce that Definity Financial Corporation has achieved CSIO's eDocs and Compliance Certifications, demonstrating their commitment to further enhancing efficiency for the broker channel. Read more.

A.I. Traffic Enforcement Cuts Crashes: Study
As cities worldwide seek effective strategies to address rising traffic fatalities, a new study published in the INFORMS journal Management Science reveals AI-powered traffic cameras offer a breakthrough solution – not only catching violations, but meaningfully improving overall road safety. Read more.

IBC Welcomes The Commonwell Mutual Insurance Group
Insurance Bureau of Canada is proud to announce that The Commonwell Mutual Insurance Group has joined its membership, which represents the vast majority of P&C insurers in Canada. Read more.

SIB Announces Launch Of Bound Insurance Brokers
SIB Corp., operating as StoneRidge Insurance Brokers (SIB), is pleased to announce a new partnership with Shireen Al-Attar and the launch of Bound Insurance Brokers, a full-service insurance brokerage providing comprehensive insurance solutions to customers in the Greater Toronto Area. Read more.

Partnership Brings Hail Detection System To Europe
KISTERS has launched HailSens360 across Europe, combining real-time hail sensors with hyperlocal forecasts and nowcast alerts to protect solar, crops, and insured assets. Powered by Meteomatics, a leading European weather data provider, the solution overcomes Europe's fragmented weather data landscape, delivering actionable hail intelligence already trusted in the US. Read more.

Harmonization Of Incident Reporting Frameworks
The Canadian Council of Insurance Regulators has released its position paper on the Harmonization of Incident Reporting Frameworks, eliciting a statement of support from the Canadian Life and Health Insurance Association. Read more.

Featured job opportunities:

Commercial Lines CSR
JD Smith & Associates Insurance Brokers
Richmond Hill, IN

Licensed Insurance Associate
Ontario Medical Association
Toronto, ON

In the InsurTech Spotlight this week:

RocketPlan Technologies
RocketPlan is a mobile-first platform for property restoration contractors and insurance professionals, built on the foundation that field technicians should be able to conduct all their business from a mobile device. It integrates seamlessly into existing accounting software, and includes time-tracking features.
Learn more.

Calling all InsurTechs! Click here to participate.

From Doug Another example of the rapid changes in insurance technology, AI agents are software systems that use AI to pursue goals and complete tasks on behalf of users. They are enabled by generative AI and AI foundation models. They show reasoning, planning, and memory and have a level of autonomy to make decisions, learn, and adapt. They can converse, reason, learn, and make decisions. They can learn over time and facilitate transactions and business processes. Agents can work with other agents. Read more. Already different types of AI agents have been defined. The five main types are simple reflex agents, model-based reflex agents, goal-based agents, utility-based agents and learning agents. Each has distinct strengths and applications, ranging from basic automated systems to highly adaptable AI models. More about each from IBM. How quickly are they being implemented? Gartner predicts that by 2026, over 30% of global insurance carriers will have fully implemented AI Agents across at least two major operational processes, such as policy issuance and claims processing. This underscores the necessity for precise agent design patterns. Read more. Agents and AI seem to be everywhere. Doug Grant, CIP Partner Insurance-Canada.ca