INSURANCE INDUSTRY NEWS

Third-Party Risks, Ransomware Threats Drive Increased Cybersecurity Investments
In a global cyber environment marked by major security lapses, cyberattacks and technology outages, new research by Marsh reveals that organizations are more confident in how they approach cyber risk management and are planning to invest even more in cybersecurity defenses in 2026. Read more.

Accenture Invests In Alembic To Reinvent Marketing Measurement With Data, Causal AI
Accenture is pleased to announce it has invested, through Accenture Ventures, in Alembic, a leading AI-powered causal marketing intelligence platform that can determine which marketing campaigns deliver a return on investment (ROI). As part of this investment, Accenture and Alembic are entering into a strategic partnership to help clients dynamically measure marketing effectiveness and use AI-driven insights to boost revenue. Read more.

KPMG Attains Certification For A.I. Management
KPMG International is pleased to announce that it us the first of the Big Four's international entities to have achieved the ISO 42001:2023 certification, the world's first international standard for AI Management Systems. Read more.

Sedgwick Study Forecasts 2026 Global Risks
Sedgwick has published its 2026 forecasting report, which identifies key trends across sectors supported by insights from s industry leaders and executives to spotlight the challenges and opportunities that will define the future of risk, claims, and workplace resilience. Read more.

The Companies To Beat In The A.I. Vendor Race
As AI vendor race competition heats up, Gartner, Inc., has identified the Companies to Beat in nearly 30 AI technology races across five categories (Data & Infrastructure, Model & Agentic, Cybersecurity, Solutions, and Industry). Read more.

Cemiar Achieves CSIO API Standards Certifications
CSIO is pleased to announce that Cemiar Inc. is the first vendor to achieve CSIO's JSON API Standards Certification. Cemiar has also earned CSIO's API Security Standards Certification, demonstrating a commitment to enhancing connectivity and security best practices. Read more.

Cannabis & Collision Risk Among Young Drivers
A new study with support from CAA examined drivers aged 19-30 to assess how consuming edible cannabis influences collision risk among young drivers. The findings indicate that critical driving skills, including reaction time, lane discipline, and speed control, were impaired. Read more.

Beneva And Gore Mutual Complete Merger
Beneva and Gore Mutual are pleased to announce that their merger is officially complete, as of January 1st. This milestone follows the initial announcement of their intention to merge made in January 2025 and represents a significant step toward Beneva's long-term growth strategy. Read more.

MPI Shares The Top Five Frauds Of 2025
A body builder, an injured arsonist, a vehicle headed for Dubai, a Porsche hunt, and covert cases of beer stand out among the attempted auto insurance fraud incidents that MPI's Special Investigation Unit investigated this past year, saving millions for Manitoba ratepayers. Read more.

Confidence Key To Retirement Savings Success
A new report from Sun Life uncovers a ‘confidence paradox’ in how Canadians approach retirement planning and investment decisions. The report found that financial confidence, not just financial knowledge, plays a critical role in saving for retirement. Read more.

IBM Strengthens Support For Defence Priorities
IBM Canada is strengthening its defence-specific technology capabilities, bringing together AI, quantum computing, cyber resilience and secure infrastructure with deep industry expertise and collaborative frameworks to address Canada's most pressing national defence priorities. Read more.

Impact Report Highlights EY Canada’s AI Transformation, Sustainability
Businesses and communities are navigating rapid change, combining ambition with responsibility to build resilience and embrace transformation. EY Canada's Impact Report 2025 captures how the firm turning complexity into possibility for its clients, people and communities. Read more.

In the InsurTech Spotlight this week:

Red Planet Software
We develop and manage cloud-based payment solutions software built specifically to support the insurance intermediary in managing their client payment experience. We allow intermediaries to “own” more of their client experience. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Claims Specialist - Casualty
Gore Mutual Insurance
Cambridge, ON

Product Administrator
SGI
Regina, SK

From Doug Speed vs. Precision Once upon a time, certain brokers had the underwriting pen. Then insurers pulled that underwriting control back to the company, slowing the delivery of policies. The improved quality of the business was offset by decreased customer satisfaction. Speed became a competitive weapon, using courier services, fax machines, company terminals, and computer-to-computer exchange of digital data. New functionality in policy systems included automatic policy issue. Improved connectivity enabled Straight Through Processing (STP) right from the broker's desk. Submissions that did not pass muster were delayed for data correction or underwriting. The precision in underwriting has increased over time, based on more abundant and accurate data about old and new risk factors, enabling the price to better represent the risk. To improve competitiveness, an insurance business can improve speed or precision, or both. AI can be an effective tool to help automate process steps, thereby improving speed, and to help analyze more risk-related data, improving precision. The challenge for decision-makers lies in weighing all the factors to decide where to invest in necessary developments for the optimal balance between speed and precision in order to gain a competitive edge. Doug Grant, CIP Partner Insurance-Canada.ca