INSURANCE INDUSTRY NEWS

Canadian Insurance Market Competitive But Complex: Aon
Aon has released its Spring 2026 Canadian Insurance Market Update, which finds that the Canadian Property & Casualty market enters 2026 from a position of strength, underpinned by solid capitalization, strong underwriting performance and a growing competitive landscape. Read more.

Duck Creek Launches Insurance-Native Agentic AI Platform
Duck Creek Technologies is pleased to announce the launch of its insurance-native agentic AI platform, a purpose-built platform enabling insurers to deploy, orchestrate, and govern AI agents across the insurance lifecycle. The platform is designed to help insurers unlock the significant value opportunity of AI by embedding intelligent automation directly into core insurance workflows. Read more.

Businesses Underestimate Cyber Attack Impact
Beazley's latest Risk & Resilience report, Cyber Threat and Tech Advances 2026, reveals a growing disconnect between confidence and resilience. Cyber remains the top risk for businesses of all sizes, sectors and regions, yet the survey found that 83% of US business leaders still report confidence in their ability to fully financially recover from an attack. Read more.

QuickFacts Announces Collaboration With Coalition
QuickFacts is pleased to announce a new collaboration with Coalition to help Canadian brokers access clear, up-to-date underwriting information related to Coalition's cyber insurance products. This collaboration helps make it easier for Canadian brokers to support their clients in navigating an increasingly complex cyber risk environment. Read more.

Track Claims “Like Food Delivery” With New Insly Claims Portal
Insly is pleased to announce the launch of a new claims portal enabling MGAs and insurers to give policyholders a modern, self-service claims experience. By putting the customer in control of the claims process, the portal removes or significantly reduces the need for phone calls and emails to claims handlers, while ensuring customers are always fully up-to-date on the status of their claim. Read more.

ViClarity Launches AI-Powered Reg Monitor
ViClarity is pleased to announce its AI-enabled Reg Monitor, an enhancement to the regtech company's compliance management software designed to help compliance teams keep pace with fast-moving regulatory change. Read more.

Zinnia Drives Industry-Wide Shift To Open API Standards For Annuities
Zinnia, a leading life and annuity technology platform, is pleased to announce that the Insured Retirement Institute has approved four in-force transaction APIs, built on the Enterprise API framework contributed by Zinnia, establishing a shared, modern foundation for annuity servicing across carriers and distributors. Read more.

Home Insurance Affordability: Implications For The Insurance Industry In Canada
The Insurance Institute is pleased to announce the release of the latest publication in its Emerging Issues research report series, which examines the factors influencing the affordability, adequacy, and availability of home insurance, with a focus on rising losses from flooding, wildfire, and storms. Read more.

Empathy Launches LifeVault In Canada
Empathy, the leading technology platform transforming how families prepare for and navigate life's most difficult moments, is pleased to announce the launch of its digital legacy planning platform. LifeVault provides a secure platform for legacy planning, making it possible for users to create and manage legally valid documents including wills, powers of attorney and advance care directives. Read more.

Trend Toward Cloud-Native Core Insurance Platforms
Insurance companies are adopting the Duck Creek core software platform and related services to replace legacy systems and build agile, digital-first operations, according to a new research report published by Information Services Group (ISG), a global AI-centered technology research and advisory firm. Read more.

Flooding Driving Up Home Insurance Costs: Report
With extreme rainfall events becoming more frequent and severe across Canada, a new report from Wahi, a leading digital real estate platform, and MyChoice, an insurance-rate aggregator, reveals how flooding is driving up home insurance costs in Ontario. Read more.

IBC Shares Advice As Flooding Affects Communities
Insurance Bureau of Canada is offering guidance to help residents who are experiencing or preparing for spring flooding and providing insurance information for home, car and business owners already impacted. Read more.

In the InsurTech Spotlight this week:

Xemplar Insights
Xemplar Insights is a leading provider of digital transformation solutions for insurers. The Xemplar suite of mobile digital customer engagement and smartphone based driving behavior telematics solutions is changing how insurance companies analyze risk and proactively prevent claims.
Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Estate Planning Associate (Financial Security Advisor)
RBC Wealth Management Financial Services
Montreal, QC

Commercial P&C Underwriter
Gore Mutual Insurance
Cambridge, ON

From Doug The Benefits Of Sharing Data Last week, I considered the parties and factors helping to keep me safe while I drive – as long as I am willing to share the relevant data about myself and my vehicle. The result of sharing my data is that risks to me are better managed by preventing an occurrence or mitigating the results of an incident. The mindset of proactive risk management is not new, as evidenced by old idioms: “Better safe than sorry”; “An ounce of prevention is worth a pound of cure”; “A stitch in time saves nine”; and so on. Innovations abound, though, in data-gathering (sensors) and data-sharing (communications). In my scenario, my health monitor, my driving monitor and my auto OEM are all gathering data, some of which overlapps. Where there is overlap, there is opportunity. What lies ahead? Open services may provide one possible solution. To wit, “open insurance is the secure, standardized sharing of data and services between insurance providers and third parties via APIs (Application Programming Interfaces), based on customer consent. It shifts the industry from closed, traditional systems to a collaborative ecosystem, aiming to enhance transparency, personalization, and customer experience.” Sharing data this way could enable new products and services inside insurance, and beyond by other industries. I see lots of potential; how might it unfold? Doug Grant, CIP Partner Insurance-Canada.ca