Insurance Business Canada

Insurance Business Canada Daily breaking news, cutting-edge opinion and expert analysis affecting the insurance industry in Canada.

Insurance Business is the leading independent business website for insurance brokers and advice professionals. A key business resource, Insurance Business provides daily breaking news, cutting-edge opinion and in-depth analysis affecting the industry. Insurance Business also offers a series of industry reports that recognise the achievements of key individuals and businesses such as Elite Brokers,

Top Brokerages and Young Guns, as well as providing the latest in business best practice in a continually evolving industry. Part of the global Insurance Business suite of publications, IB reaches a wide readership in Canada, Australia, New Zealand, Asia, USA, and UK. Insurance Business is published by independent media company Key Media. Find out more about Key Media’s magazines, events and websites at www.keymedia.com.

According to Beazley executives Sydonie Williams and Wayne Imrie, clients now want "full spectrum" support, including pr...
08/07/2025

According to Beazley executives Sydonie Williams and Wayne Imrie, clients now want "full spectrum" support, including pre-loss risk consultations, real-time incident response, and post-breach recovery.

Beazley execs say clients want more than coverage – they want cyber support before and after

Artificial intelligence isn't just a buzzword in the insurance world; it's already reshaping core workflows. Senior lead...
08/06/2025

Artificial intelligence isn't just a buzzword in the insurance world; it's already reshaping core workflows. Senior leaders from Gore Mutual, McCAM Insurance Brokers, and CFC Underwriting Canada share how they are deploying AI to reduce inefficiencies and empower teams to focus on what matters most.

From data reconciliation to faster reporting, insurers are using AI to solve old problems in new ways

First Onsite is revolutionizing property claims with its "White Glove Program," offering immediate mitigation for Canadi...
08/06/2025

First Onsite is revolutionizing property claims with its "White Glove Program," offering immediate mitigation for Canadian cover holders, TPAs, and MGAs working with Lloyd's syndicates.

Asima Zahid, SVP of national brokers and Lloyd’s at First Onsite, states that a key benefit is clients no longer wait for coverage determination; if coverage is denied later, First Onsite absorbs the mitigation cost.

https://hubs.la/Q03BxffG0

Faster claims response means happier clients and reduced costs

Heather Moyer, underwriting director at K&K Insurance Canada, says it's about getting a "real feel for the event". She s...
08/06/2025

Heather Moyer, underwriting director at K&K Insurance Canada, says it's about getting a "real feel for the event". She shares how underwriters assess crowd psychology, venue control, and the organizer’s experience and emergency preparedness.

What do underwriters really look for before they agree to insure a public event? Heather Moyer shares hard-won wisdom

: Brokers, stay informed about the state of Canada's commercial property insurance landscape.In the Q3 edition of the P...
08/06/2025

: Brokers, stay informed about the state of Canada's commercial property insurance landscape.

In the Q3 edition of the Property Insurance Power Panel, join Chiara D'Cunha of FM Affiliated and Laszlo Szentmiklosi of Marsh as they delve into climate losses, coverage gaps, market shifts, and more.

From climate losses to coverage gaps and market shifts

Hagerty's Todd Hutcheson explains that rising restoration costs and complex supply chain dynamics are making accurate va...
08/05/2025

Hagerty's Todd Hutcheson explains that rising restoration costs and complex supply chain dynamics are making accurate valuation more crucial than ever. He highlights the importance of tools like Hagerty Valuation Tools to help brokers ensure their clients' vehicles are properly protected.

The collector car supply chain is notably diverse

The role of the commercial insurance underwriter is rapidly evolving, with an increasing emphasis on speed leading to a ...
08/05/2025

The role of the commercial insurance underwriter is rapidly evolving, with an increasing emphasis on speed leading to a more transactional model, according to veteran underwriter Keith Kitchen. He observes that "Speed is being prioritized over thoughtful evaluation," potentially impacting pricing accuracy and leading to mischaracterized risks.

Speed is up, but thoughtful underwriting and cross-team insight are being left behind

Neal Jardine, BOXX's chief cyber intelligence and claims officer, explains that their model is designed to predict and p...
08/05/2025

Neal Jardine, BOXX's chief cyber intelligence and claims officer, explains that their model is designed to predict and prevent cyber threats, with an integrated team that provides real-time support and advice, often stopping calls from turning into claims.

An all-in-one cyber insurance and protection solution is available

Dana Sharp joins Sedgwick's Calgary team as a senior general adjuster, specializing in condominium and large-scale catas...
08/05/2025

Dana Sharp joins Sedgwick's Calgary team as a senior general adjuster, specializing in condominium and large-scale catastrophe claims. Meanwhile, Sarah Cameron has been named vice president, Commercial Lines for British Columbia at Westland Insurance, where she will focus on strategic growth and operational leadership.

They include a new senior general adjuster

Peace Hills Insurance has completed a major digital transformation, migrating from a custom legacy system to Guidewire I...
08/04/2025

Peace Hills Insurance has completed a major digital transformation, migrating from a custom legacy system to Guidewire InsuranceSuite on Guidewire Cloud Platform. CEO Kathy Boychuk and VP of IT Ken McKnight highlighted the move's goal: to modernize operations, improve broker and customer experience, and enable real-time integration via the new phiX+ platform.

54% of insurers are prioritising the implementation of low-code interfaces to automate customer journeys

A new Deloitte report predicts that global AI insurance premiums will reach US$4.8 billion within the next seven years.
08/04/2025

A new Deloitte report predicts that global AI insurance premiums will reach US$4.8 billion within the next seven years.

New report predicts big boom – and soon

According to Jord Oostrom, chief commercial officer for Aon in the Middle East, brokers must help clients manage these "...
08/04/2025

According to Jord Oostrom, chief commercial officer for Aon in the Middle East, brokers must help clients manage these "worsening risks" by focusing on real-time geo-risk monitoring, flexible insurance structures, and enhanced supply chain visibility.

As regional tensions rise, brokers must help clients navigate worsening risks

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