INSURANCE INDUSTRY NEWS

DXC Introduces New Assure Smart Apps To Accelerate Insurers' AI-Powered Transformation
DXC Technology, a leading enterprise technology and innovation partner, is pleased to announce new Assure Smart Apps, built on ServiceNow, which combine DXC's deep insurance expertise with ServiceNow's agentic AI and workflow technology to deliver modular, outcome-driven solutions for insurers. Each app is orchestrated through DXC's Assure Platform to accelerate targeted transformation. Read more.

Coforge Launches Outcome-Based AI ‘Mod Squads’
Coforge, a global AI-native engineering services leader, is pleased to announce the launch of AI Mod Squads – a new delivery model with a simple monthly subscription fee. Mod Squads combine pre-built AI agents with specialized AI engineers to deliver dramatically faster time-to-market at a lower cost for clients. Read more.

Claimence Launches First Purpose-Built AI For Financial Lines Insurance Claims
Claimence, LLC has announced the commercial launch of the first purpose-built AI platform for Financial Lines insurance claims processing – expediting and automating D&O liability claims analysis, the largest, most complex, and highest-cost segment of the Financial Lines market. Read more.

Canada's First Public-Sector Insurance Specialist
Tributary Public Risk has formally launched operations as the first Canada-domiciled insurance provider purpose-built to serve public sector organizations. Read more.

Gartner Predicts Widespread Minor Security Incidents Around Enterprise GenAI Applications
By 2028, 25% of all enterprise generative AI (GenAI) applications will experience at least five minor security incidents per year, up from 9% in 2025, according to Gartner, Inc. Read more.

Duck Creek Launches Reinsurance With Active Delivery To Simplify Program Management
Duck Creek Technologies is pleased to announce the general availability of Duck Creek Reinsurance with Active Delivery, a groundbreaking solution that eliminates the need for costly upgrades and empowers insurers to manage complex reinsurance programs at scale in an era of rapid market change and risk diversification. Read more.

iA Financial Group Accelerates Digital Transformation Of Individual Life Insurance
iA Financial Group is reaching a key milestone in the modernization of individual life insurance with the integration of new term life and permanent life insurance sales into its modernized digital experience. Read more.

Markel Introduces New Integrated Environmental Solutions
Markel, the insurance operations within Markel Group Inc., is pleased to announce the launch of two new combined environmental insurance solutions designed to simplify coverage placement and address the complex liability exposures faced by manufacturers and environmental service firms across Canada. Read more.

Felix Raises Funds For Hyperautomation
Felix.so, the AI workflow platform designed to run complex professional services operations without constant human oversight, has announced a pre-seed funding round led by XYZ Venture Capital, with participation from current and former leaders at Amazon, Apple, Palantir, FlexPort, Yelp and Midjourney. Already deployed at major insurance firms, the company will use the funding to expand product capability and scale its rapid growth. Read more.

Marsh Unveils Largest Cyber Facility Worldwide
Marsh Risk has announced that its Cyber ECHO facility now provides Marsh clients with up to USD 200 million of cyber insurance. The largest cyber insurance facility of its kind in the insurance market, Cyber ECHO is designed to mitigate clients' most complex cyber and technology risk exposures. Read more.

Manulife, WEF UpLink Initiative Launch Canadian Longevity Innovation Challenge
Manulife, in partnership with UpLink, the World Economic Forum's early-stage innovation initiative, and the Forum's Centre for Financial and Monetary Systems, has announced the launch of a new innovation challenge, “Shaping Canada's Longevity Advantage,” focused on enabling lifelong health, wealth and purpose across multistage lives. Read more.

Integrating Mental Health Coverage And Care Improves Outcomes, Drives Savings
A new report from GreenShield shows that when mental health coverage and care are integrated, Canadian employers can achieve a meaningful return on investment, while improving access to care and outcomes for employees. Read more.

In the InsurTech Spotlight this week:

Aeva
Aeva is a Canada-based technology company focused on helping individuals find and understand insurance options that match their needs. By combining AI with structured plan data and intuitive interfaces, Aeva helps Canadians make more informed decisions while enabling insurance providers to connect with better-matched customers. The platform enables users to explore coverage, compare plans, and surface relevant pricing through an AI-driven experience. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Commercial Auto Underwriter
Gore Mutual Insurance
Cambridge, ON

Insurance Advisor, Sales & Service
Apollo
Toronto, ON (remote)

From Doug A Safe (Automotive) Journey I am driving my relatively new car to get to my destination. I want to get there safely and in a timely manner. With a growing interest across most industries in “predict and prevent” (to avoid something bad happening in the first place) and in “detect and mitigate” (to respond if an incident does occur), various systems and devices are quite willing to help me get there. My auto OEM monitors many of my car's components and will warn me of an issue. Through numerous ADAS features, it also watches what is going on around my vehicle (staying in the lane, following another vehicle too closely, etc.) and may even initiate corrective action. It even monitors me – am I paying attention? My insurance company is also helping out by monitoring some of the same things as the OEM, perhaps sharing sensor data. Or it may be independently monitoring my driving behaviour rather than the vehicle's issues. Perhaps tangentially, my living health monitor is separately tracking my body's health. It is interested in me all the time, not just while driving. Businesses are ready to help me, provided I am ready to share my data with them, quid pro quo. Why are they so eager to help me get there safely? Doug Grant, CIP Partner Insurance-Canada.ca