INSURANCE INDUSTRY NEWS

Businesses Face Permanent High-Risk Environment
The latest edition of Clyde & Co.'s Corporate Risk Radar report shows sharp increases across every major risk category. These findings suggest risk is no longer being experienced as a series of isolated challenges; instead, business leaders are increasingly dealing with risks that overlap, compound and trigger wider operational, commercial and reputational consequences. Read more.

Majesco Research Distinguishes the Frontier Insurer as the Model for Leadership in the Intelligent Era of Insurance
Majesco is pleased to announce the release of its 2026 Strategic Priorities report, which outlines how insurers are prioritizing AI, Generative AI, and Agentic AI to meet strategic and operational priorities. Read more.

Brisc AI Now Available In The Microsoft Marketplace
Brisc, an insurance-native AI platform built for enterprise insurance operations, is pleased to announce the availability of its AI Analysts in the Microsoft Marketplace. Brisc AI customers can now discover and deploy trusted solutions through Microsoft Marketplace with smooth integration and streamlined management across Microsoft Azure and other Microsoft products. Read more.

ServiceNow, Accenture Launch AI-powered Services To Accelerate Shift To Agentic AI
Accenture and ServiceNow are pleased to announce the launch of a joint offering to remove two of the biggest barriers blocking enterprise risk modernization: the cost and complexity of migrating off legacy cybersecurity platforms. Read more.

CSIO Welcomes New Members To Help Advance Industry Standards, Connectivity
CSIO is pleased to welcome seven new technology vendor members from across Canada. By joining, these organizations gain access to industry-leading data standards, digital solutions, and a collaborative network working together to advance innovation and connectivity across the P&C insurance industry Read more.

NTT DATA Partners With Cursor To Accelerate Enterprise-Grade Modernization, AI Governance
NTT DATA is pleased to announce a strategic partnership with Cursor, the leading multi-model AI coding platform. Under this initiative, NTT DATA will use Cursor's advanced AI agents to power the innovation of its global software engineering and delivery models. Read more.

Ontario Blue Cross Launches Rainy Day Coverage
Ontario Blue Cross is redefining travel insurance with Rainy Day coverage, the first weather-based travel insurance offering of its kind in Canada. This innovative parametric coverage uses automated weather monitoring to compensate travellers when rain disrupts their trip, turning a common travel frustration into a tangible benefit – all without the need for claims or paperwork. Read more.

Coalition Releases Inbox Threat Detection Solution
Coalition is pleased to share it has launched Login Security, a new feature in its cyber risk management platform, Coalition Control, that helps small businesses prevent business email compromise. Read more.

Navacord Parners With Steers Insurance
Navacord is pleased to announce its partnership with Steers Insurance Limited, marking the company's expansion into Newfoundland and Labrador and establishing a complete coast-to-coast presence across Canada. Read more.

Alan Announces Funding Round To Scale Its Prevention-First Model
Alan, the first new health insurer in Canada since 1957, has announced an agreement for a Series G financing round led by Prosus, one of the world's largest technology operators and investors, with Ontario Teachers' Pension Plan returning to invest in Alan for the third consecutive round. Read more.

Canadians Unprepared For Hail, Strong Winds
As severe weather events continue to intensify, a new national survey finds that more than one-third of Canadians don't know where to start when it comes to protecting their homes. That uncertainty can be costly, particularly when it comes to perils like strong winds and hail. Read more.

Extreme Weather Reshaping Canada's Home Insurance Market: Statistics Canada Report
A new report by Statistics Canada underscores a growing reality for Canadians: Extreme weather is fundamentally reshaping the country's home insurance market, driving higher claims costs, contributing to increasing premiums and leaving too many households exposed to the risk of catastrophic damage from extreme weather. Read more.

Ontario Home Insurance Premiums Rise YOY: Rates.ca
Ontario home insurance premiums climbed higher in 2026, driven primarily by system backup, wind & hail damage, and rebuild costs, according to the latest Rates.ca Home Insuramap report. Read more.

Eco-Anxiety In The Workplace: Beneva Publishes Guide For SMEs
Eco-anxiety is emerging as a key mental health issue in the workplace, and the first large-scale analysis of small and medium-sized enterprises (SMEs) reveals that environmental concern is high, while consequences on performance remain moderate; this gap provides a strategic window of opportunity to mitigate the negative effects on wellbeing and performance. Read more.

Critical Disconnect In Corporate Decision-Making
A significant gap remains between companies' understanding of sustainability and their ability to translate it into financial value, according to a new global KPMG study, which reveals that three-quarters of executives say they understand their organization's sustainability strategy, but less than one-fifth apply robust quantification approaches to measure its financial impact. Read more.

In the InsurTech Spotlight this week:

SideDrawer
SideDrawer is a mobile and online solution for customers and Professional Service Providers (PSPs) in which customers have the ability to securely keep their personal, financial and important records and organized for life, allowing PSPs to collaborate and communicate with their clients through a single, living repository Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Claims Concierge
Gore Mutual Insurance
Cambridge, ON

Operations Services Associate
Gore Mutual Insurance
Vancouver, BC

From Doug Knowledge Plus Experience: A Capital Investment Every insurance business invests in facilities, environment, data, processes, technology and – most importantly – people who bring their skills and experience to work each day. That knowledge, along with their ability to analyze and reason, creates value for your business. Each iteration of a task adds something (a little or a lot) to that person's knowledge and their value. Consider this investment in people as “human capital.” As a person's value is dependent on what is in their head, it is only realized when they are “on the job,” so to speak. When they are absent – retired, ill, or poached by a competitor – you get no value. An AI agent or orchestrated agentic system, by definition, can learn. People monitoring them can provide guidance, point out mistakes or biases, and answer questions. As they work, the agents continue to learn and improve. There forever and never absent, agentic systems within their designated responsibilites could be said to provide more value than employees. This investment in AI knowledge and skills might be called “intelligence capital,” analogous to “human capital.” But in the competitive world of insurance, agentic systems may not provide the expected competitive edge. More explanation next week. Doug Grant, CIP Partner Insurance-Canada.ca