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.

12/30/2025

Canada’s banking regulator holds firm on capital requirements!

Peter Routledge, superintendent of financial institutions at the Office of the Superintendent of Financial Institutions (OSFI), confirmed that the domestic stability buffer will remain at 3.5%, signaling confidence in systemic stability despite trade-related risks.

OSFI said that the domestic stability buffer will remain at 3.5% after its semi-annual review

12/30/2025

A new CIBC poll found that rising travel costs continue to shape holiday plans, with implications for travel insurance demand and claims trends.

More than half of the respondents plan not to go on a getaway during the year-end break

12/29/2025

Unica’s senior underwriter Liezle Bhasin warns that climate volatility, inflation, and rising property values are reshaping risk models. With $8 billion in insured losses from four catastrophes in 2024 and 17.3 million hectares burned in 2025, high-risk zones face premium hikes, stricter underwriting, and even non-renewals.

17.3 million hectares burned – it’s been an increasingly volatile year for climate concerns

Canada’s insurance leaders for 2025 revealed in Insurance Business Canada’s Hot List. Insurance Business Canada has name...
12/15/2025

Canada’s insurance leaders for 2025 revealed in Insurance Business Canada’s Hot List.

Insurance Business Canada has named 35 innovators and executives—including Gina Colangelo, Jonathan Weekes, and Karim Zein—whose leadership is reshaping the Canadian insurance market amid complex conditions and evolving customer expectations.

Read the full Hot List 2025 and share which leaders you see driving the next wave of industry transformation.

Innovators and leaders continue to reshape how Canada's insurance operates

As 2026 approaches, ambition is running high—40% want to increase earnings, 12% aim for senior roles, and 10% seek new s...
12/12/2025

As 2026 approaches, ambition is running high—40% want to increase earnings, 12% aim for senior roles, and 10% seek new skills.

Allstate Canada is tapping into this momentum, offering competitive pay, strong benefits, and clear growth paths across Ontario and Quebec. As Odel Laing, Territory Business Leader, notes: “Joining Allstate isn’t just a job; it’s an opportunity.”

Survey results show ambition is high among respondents as we head into 2026

With retirements accelerating and complexity rising, the claims industry faces a critical talent gap. As Kelly Stevens, ...
12/12/2025

With retirements accelerating and complexity rising, the claims industry faces a critical talent gap. As Kelly Stevens, SVP of Loss Adjusting at Crawford Canada, explains, the challenge is clear: “An aging workforce, increased complexity, and a limited pipeline of new entrants.”

Retirements are accelerating, complexity is rising, and fewer young professionals are entering the field. What will it take to rebuild the next generation of adjusters?

Sebastian Morana of Unica Insurance warns that deductibles once set at $10,000–$25,000 are now reaching $100,000–$250,00...
12/11/2025

Sebastian Morana of Unica Insurance warns that deductibles once set at $10,000–$25,000 are now reaching $100,000–$250,000, while shrinking “standard unit” definitions are shifting six‑figure liabilities onto individual owners.

The sector is facing a forced re-evaluation of pricing, underwriting, and product design

Risk managers are being urged to take a closer look at how their organisations strike digital platform and distribution ...
12/02/2025

Risk managers are being urged to take a closer look at how their organisations strike digital platform and distribution deals after Google Asia Pacific was hit with a $55 million penalty for anti‑competitive conduct in Australia.

Google penalty over Android search deals sharpens focus on digital competition risk

Giles Sutherland, head of business development for commercial and public sector at Interac, highlighted how auto fraud s...
12/01/2025

Giles Sutherland, head of business development for commercial and public sector at Interac, highlighted how auto fraud surged 76% last year and how attacks are spreading across financial, telecom, and insurance ecosystems.

Canada has become a prime target for organized fraud, with attacks surging across sectors. Interac warns the country’s defences are too siloed to keep up

Airlines across several continents began pulling Airbus A320 aircraft from service on Friday after the European manufact...
12/01/2025

Airlines across several continents began pulling Airbus A320 aircraft from service on Friday after the European manufacturer ordered an immediate software change affecting thousands of jets.

New questions for insurers as solar flare blamed for terrifying "uncommanded pitch down event”

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