INSURANCE INDUSTRY NEWS

The AI Readiness Gap & How Enterprises Can Prepare for Agentic Success: Deloitte
New research from Deloitte finds that while organizations are embracing agentic AI, the rewards they seek will likely also depend on workflow and process reinvention Read more.

Munich Re Group to Acquire Cyber Insurtech At-Bay
Munich Re Group is pleased to announce that it has agreed to acquire At-Bay, Inc., a U.S.-based insurtech company that provides cyber insurance and proactive cybersecurity solutions for small and medium-sized enterprises. Read more.

CSIO Recognizes Six Insurers For Achieving Compliance Certification
CSIO is pleased to congratulate Howick Mutual Insurance, Maple Mutual Insurance, Sandbox Mutual Insurance, Stanley Mutual Insurance, Westminster Mutual Insurance, and Yarmouth Mutual Insurance on achieving CSIO's Compliance Certification. Read more.

Property Guardian Expands Wildfire Risk Analytics
Property Guardian, a leader in wildfire risk intelligence for the insurance industry, is pleased to announce the launch of its Canadian Wildfire Risk Score + Insights, a property-level wildfire risk score purpose-built for underwriting real property risks in the Canadian Wildland-Urban Interface (WUI). Read more.

IBM Partners With OpenAI To Accelerate Secure AI Deployment Across Core Operations
IBM is pleased to announce a strategic partnership with OpenAI to help enterprises deliver business outcomes by deploying AI at scale across core business operations and complex workflows, while strengthening cyber defense and resilience Read more.

iPipeline Introduces API Hub, Creating A Connected Life, Annuity & Wealth Ecosystem
iPipeline® is pleased to announce the launch of the Novera API Hub, a developer experience that provides organizations with a simplified way to build, and test APIs workflows. Read more.

Global Ad Spend Will Soon Flow Through AI-Influenced Self-Serve Platforms: Gartner
By 2028, more than 70% of global ad spend and 80% of U.S. ad spend will flow through self-serve advertising platforms in which AI materially influences media buying, cost and outcomes, according to Gartner, Inc. Read more.

Brokers Can Help Clients Strengthen Windstorm Preparedness: Ecclesiastical Insurance
As Atlantic hurricane season continues and summer severe weather brings the potential for tornadoes, thunderstorms and damaging winds across Canada, Ecclesiastical Insurance is highlighting the role brokers can play in helping clients identify windstorm vulnerabilities and strengthen property preparedness. Read more.

RockRose Risk Raises Funds To Scale Vertically Integrated Wildfire Platform
RockRose Risk, the insurance brokerage giving U.S. property owners discounts for wildfire mitigation, is pleased to share the results of its Series A funding round co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate. Read more.

Intact Brings Extreme Weather Risks To Life
As severe weather events become more frequent and severe, Intact Insurance is bringing those risks to life in a creative social media video series designed to help Canadians visualize and take action to help prevent damage before it happens. Read more.

Drug Impairment Now Leads Road Death Factors
The Traffic Injury Research Foundation has released new research which reveals that the presence of drugs has overtaken alcohol as the leading factor in motor vehicle deaths, highlighting a growing risk for Canadian drivers. Read more.

Duliban Insurance Acquires Insuranceland Inc.
Duliban Insurance Brokers Limited, a division of McDougall Insurance Brokers Limited, is pleased to announce that it has combined operations with Insuranceland Inc., a property and casualty insurance brokerage based in Mississauga, Ontario. Read more.

Americans Without Children Are Less Confident About Retirement: Allianz Life Study
As people weigh having children against the effect on their financial future, those without kids are significantly less confident about meeting their retirement goals, according to the 2026 Annual Retirement Study from the Allianz Center for the Future of Retirement, part of Allianz Life. Read more.

In the InsurTech Spotlight this week:

Goose Insurance
Goose is a consumer-facing InsurTech challenger operating a digital mobile-first platform called the Goose Insurance Super-app. Goose is solving two major problems in consumer insurance. First is accessibility to insurance: consumers want direct access. Secondly, consumers are underinsured globally: people do not have enough or proper insurance coverage to meet their life needs.
Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Financial Security Advisor
RBC Insurance
Montreal, QC

Senior Insurance Sales Representative – for Desjardins Agent
Tait Insurance and Financials Services
Brampton, ON

From Doug Competitive Advantage from Agentic Systems An agentic system developed by your business is proprietary by nature. An agentic system platform from a third party may have the same potential – or not. The difference is in the data; the data that makes the difference is the intelligence capital, the post-decision reasonings, results, and other factors such as corporate policy, guidelines, etc., which add to the knowledge base. These enhance the results of the next decision. When this intelligence capital is proprietary, it can lead to a competitive advantage which continues to grow over time. In “Three Kinds of Value from Agentic AI – Your Business Case Only Funds One,” Simon Torrance notes that an agentic AI investment can buy three quite different things: 1. Doing [the same] work more cheaply. 2. Doing more of the work with the same number of employees. 3. Making better decisions, leveraging judgments unique to your firm. Put one question to each: “What happens to this value once every rival has implemented the same tools?” The three behave in three different ways: efficiency gains depreciate; operational capacity expands; intelligence capital appreciates. How so? We'll unpack more next week. Doug Grant, CIP Partner Insurance-Canada.ca