INSURANCE INDUSTRY NEWS

Coalition Unveils Enhanced Business Recovery Endorsements
Coalition is pleased to announce a new suite of Enhanced Business Recovery Endorsements to help protect revenue, speed up settlements, and keep businesses alive while the numbers get sorted out. Read more.

Coforge, Solstice Partner To Redefine P&C Insurance Modernization Through Agentic A.I.
Coforge, a global AI-native engineering services leader, is pleased to announce a strategic partnership with Solstice Innovations to accelerate agentic AI-led adoption of modern core insurance technology for Property & Casualty insurers. Read more.

COVU Launches AI-Native Operating Layer
COVU is pleased to announce the launch of the core operating layer of its AI-native operating stack for insurance distribution. COVU OS is a task-native orchestration layer that converts every inbound service request into a structured task and routes it to the right execution layer. Read more.

EY Launches Agentic A.I. To Redefine The Audit Experience
The EY organization has announced the global roll-out of enterprise-scale agentic AI in Assurance, marking a fundamental shift toward AI-transformed audits. EY is directly embedding a new multi-agent framework into the global assurance technology platform that processes more than 1.4 trillion lines of data per year. Read more.

New Majesco Release Redefines Core Solutions For The Intelligent Era Of Insurance
Majesco's Spring '26 Release helps insurers simplify and optimize operations, move faster, and unlock greater business value from their core systems. Built in response to customer feedback, this release addresses key pain points across Majesco's product portfolio, enabling insurers to eliminate operational friction focus on activities that deliver business and customer value. Read more.

Managed Services Recognized As Strategic Engine For A.I. Acceleration: KPMG
In the race for agentic artificial intelligence, companies have discovered a new shortcut: managed services. More than 90 percent of executives now view this model as an essential engine for agentic AI delivery, helping companies leapfrog the technical debt and talent gaps that often stall AI investment, according to the 2026 KPMG Managed Services Outlook Survey. Read more.

Insured Losses Total Revealed On Anniversary Of Ontario–Quebec Ice Storm
Last year's March ice storm in Ontario and Quebec was the costliest severe weather event of 2025 nationally and now ranks as the sixth costliest in Ontario's history, according to the latest figures from CatIQ, which reveal the insured damage total has risen by more than one-third from initial estimates issued shortly after the event. Read more.

Report Identifies Emerging Cybersecurity Priorities
The Insurance Information Institute and Fenix24 have published a new report, Cybersecurity for Insurers: Squaring Safety with Service, examining how insurance companies are managing their own cyber risks – and identifying where critical vulnerabilities remain. Read more.

Canadian Broker Network Adds New Members
CBN, the exclusive peer advisory group for high-performing brokers in Canada, is pleased to welcome Coughlin Insurance Brokers and Ontario West Insurance Brokers, further strengthening its national network of independent brokerages. Read more.

BrokerLink Acquires Three Brokerages
BrokerLink is expanding again with the acquisition of Alberta-based John Beal Insurance, Ontario-based Mark Guilbeault & Associates, and New Brunswick-based Welch Insurance, effective April 1st. Read more.

Equitable Launches Enhanced Loss Support In Partnership With Empathy
Equitable is pleased to announce that its clients will now have access to enhanced bereavement support through a partnership with Empathy to offer timely information, helpful tools and compassionate support to people navigating a loss. Read more.

Gen Xers Approaching Retirement More Anxious Than Boomers: Global Atlantic Survey
As the first wave of Gen X approaches retirement, many consumers are confronting a difficult transition. Global Atlantic's 2026 Retirement Outlook Survey finds that retirement anxiety extends beyond market swings, with rising health care costs ranked as the top concern. Read more.

A.I. Humanoid Robot Delivery Update: Realbotix
Realbotix Corp. has announced the planned delivery of 19 robots and corresponding AI implementations as the company continues to develop its pipeline of orders and moves to scale its production capacity. Read more.

Intact Named Most Trusted Home Insurance Brand
Intact Insurance is pleased to share that has been recognized by BrandSpark as one of Canada's most trusted brands for 2026, earning multiple awards across home and auto insurance categories. Read more.

In the InsurTech Spotlight this week:

Wisedocs
Wisedocs is an AI-powered decision intelligence platform that transforms complex claim documents into structured, source-linked intelligence. It enables claims teams to surface risk signals, inconsistencies, and key insights early – so they can make faster, more confident decisions across the full claims lifecycle. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Underwriter I (Personal Lines Mono Line)
SGI
Winnipeg, MB

Senior CSR/Account Manager – Personal Lines
Armour Insurance Brokers
Mississauga, ON

From Doug Insurance and Managing Risk Last week, I commented on the idea of “life insurance” evolving into “insurance for living,” with a focus on maintaining a healthy body and mind. Thus, life insurance providers become participants in a person's health – even before they get sick or die. Health insurance is not only care, cure and recovery, but growing to include more prevention programs such as exercise, vaccines, etc. This overlap between life and health insurance appears to be increasing. Might “life” and “health” merge into one “insurance for living” service? In property & casualty insurance, accident and fire insurance as distinct products have been largely subsumed into auto insurance and home insurance, the latter even further into broader personal property insurance. P&C insurance has long promoted risk reduction, through government regulations (building codes), mass marketing and individual policyholder advisories. Credits for risk-reducing factors are a tradition. Technology innovations in sensors, data and communications have enabled the early predictive indicators of an event, the detection of events (e.g. leaking water), and even action in response (notification or automatic shutoff), allowing for better pricing of ever-finer risk factors, immediate access to data, and opportunities to engage for the purposes of better managing risk pro-actively. The nature of the relationship between customers and insurance services continues to evolve, led by innovators who leverage new capabilities to enhance the value. Where might this lead? Doug Grant, CIP Partner Insurance-Canada.ca