INSURANCE INDUSTRY NEWS

New Platform From Resilience Brings Portfolio-Level Cyber Risk Visibility
Leading cyber risk solutions company Resilience is pleased to announce the launch of Resilience Arc, a new cyber risk management platform purpose-built for multi-entity organizations. With Arc, organizations managing complex portfolios can standardize risk management across every entity, quantify exposure in financial terms, and connect portfolio-level insights directly to insurance decisioning – all in a single, continuously updated platform. Read more.

Capgemini Unveils Google Cloud AI Enterprise Hub
Capgemini is pleased to announce the expansion of its strategic partnership with Google Cloud, deepening its focus on embedded engineering to accelerate enterprise-scale adoption of Google Cloud Gemini Enterprise. Read more.

Companies Shift Digital, A.I. Investment From Exploration To Implementation: Deloitte Survey
A new Deloitte Private survey found that revenue growth and productivity are the top business priorities for the next 12 months among private company leaders surveyed, with more than half indicating that increasing AI use across the organization is a top-three priority. Read more.

Introducing ‘IBM Bob’ A.I. Development Partner
IBM is pleased to announce the global availability of IBM Bob, an AI-first development partner built for enterprise teams. Bob works across the full software development lifecycle, from planning and coding to testing, deployment, and modernization, with the governance and security controls enterprises need. Read more.

Cyber Risk Tops Global People Risk Agenda: Marsh
Organizations and their people are operating under sustained uncertainty because of rising cyber threats, rapid adoption of artificial intelligence (AI), and skilled labor shortages, according to the Marsh 2026 People Risks report. Read more.

Exploited Vulnerabilities Surge As Cyber Criminals Leverage AI For Attacks: Beazley Security
Beazley Security has released its Quarterly Threat Report for Q1 2026, revealing that exploited vulnerabilities rose 43% in the first three months of the year, fueled by AI-enabled supply chain attacks and a surge in actively exploited zero-day vulnerabilities. Read more.

CatIQ Insurance Industry Exposure Database Update
Catastrophe Indices & Quantification Inc. has announced the release of the annual update of its Canadian insurance Industry Exposure Database (IED). Read more.

Drivers Actually Use Their Cellphones More When Speeding: IIHS Study
Contrary to conventional thinking, telematics data reveal that drivers are in fact more likely to use their phones while speeding, a tendency that increases crash risk by combining two dangerous behaviors, according to a new study from the Insurance Institute for Highway Safety. Read more.

Modest Success In Fight Against Auto Theft
According to newly-released data by Insurance Bureau of Canada, auto theft claims and losses in Canada dropped again in 2025, though they remain significantly above historical levels. Read more.

Ontario Auto Insurance Changes Coming Soon
Starting July 1st, Ontario is making auto insurance more flexible, giving you more choice to select coverage that fits your needs. KRGinsure is advising drivers that some accident benefits that were previously included in every auto insurance policy will become optional; conseqeuently, some people – such as pedestrians, cyclists, and certain passengers – may no longer be eligible for accident benefits. Read more.

Financial Pressure Shaping Workers' Health Needs
In light of persistent inflation, rising housing costs and economic uncertainty, financial stress is now an important health marker, according to Beneva's latest Health Report, which analyzes group insurance plan usage trends across different age groups. Read more.

Consumer Dispute Resolution Framework Updated
In consultation with with the OHLI, GIO, CLHIA and IBC, the Canadian Council of Insurance Regulators has updated the Insurance OmbudServices Cooperation and Oversight Framework for the first time since it was published in 2015. Read more.

SIB Acquires 21st Century Travel Insurance
SIB Corp. is pleased to announce the acquisition of 21st Century Travel Insurance Limited. This initiative represents a strategic enhancement of SIB's product suite, strengthening its ability to meet the evolving needs of its clients. Read more.

DKI–Precision Expands into Victoria, BC
DKI Canada is proud to announce that effective May 1st, DKI–Precision is expanding into the Victoria market, strengthening our presence on Vancouver Island and ensuring continued, seamless support for the community. Read more.

In the InsurTech Spotlight this week:

Crawford Technologies
Crawford Technologies is a provider of innovative document solutions that streamline, improve and manage customer communications. With a market-leading focus on accessible documents for the millions of North Americans who are blind, partially sighted or cognitively impaired, Crawford Technologies' AccessibilityNow is a complete platform for the creation and management of accessible insurance documents. Learn more.

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Featured job opportunities:

Estate Planning Associate (Financial Security Advisor)
RBC
Ottawa, ON

Cloud Automation Engineer
Gore Mutual Insurance
Cambridge, ON

From Doug Open Insurance I have been labouring under a misunderstanding about “open insurance”; I had thought it was something narrow and specific, but it is much broader in scope than I realized. There are two relevant meanings: • In traditional insurance contracts, the word “open” typically describes policies where specific details (such as the value of cargo or the list of authorized drivers) are determined after the contract is created. • The second relates to sharing of data, my interest. European regulators (EIOPA) have considered open insurance in its work so far in this broadest sense, covering accessing and sharing insurance-related personal and non-personal data usually via APIs. Some examples of data-sharing in Canada: • Within the industry (prior claims, fraud); • With regulated providers (credit, driver records); • Other providers (telematics services, flood maps, repair cost services). From new capabilities, innovations continue in growing areas such as: • Parametric insurance (providers of data which triggers a claim); • Embedded insurance (data received from and returned to non-insurance retailers or other providers). As has always been the case, insurance innovators will explore opportunities to improve and expand the insurance business. Open insurance is a contributing factor in the evolution of insurance products and services. What will the industry look like in a decade? Doug Grant, CIP Partner Insurance-Canada.ca