Insurance Business Canada

10/07/2025

Canada’s insurance industry may be waiting for comprehensive AI legislation, but legal exposure is already mounting across existing frameworks, warned Nathalie David, partner at Clyde & Co, during a panel at the National Insurance Conference of Canada (NICC).

Nathalie David says existing rules already expose insurers to major compliance risks

10/07/2025

The bar for MGAs is rising. At the National Insurance Conference of Canada, leaders including Tammy Parris of HSB Canada, Sean Duggan of KRGinsure, and Stephen Stewart of Stewart Specialty Risk Underwriting called for data-led, innovative MGA partnerships that deliver long-term value.

Experts agree that insurers and brokers demand innovation, data insight, and real collaboration

10/07/2025

It’s not the flashy new tools but the basics that matter most—90% of breaches stem from skipped MFA, unpatched systems, weak backups and misconfigured cloud platforms. BOXX Insurance’s Jack Brooks says insurers doubling down on core controls—and real conversations—are best positioned to weather cyber threats.

'Everyone wants to go to the sexy new tools with blinking lights,' warns cyber expert

10/06/2025

New insights from Crawford & Co Canada’s Andrea Aitken spotlight the hidden risks of bringing claims services entirely in-house. The internalization cycle can lead to burnout, capacity strain, and customer dissatisfaction, underscoring the value of strategic external partnerships.

Why the cycle of internalization and outsourcing leaves carriers vulnerable to capacity strain and customer dissatisfaction

10/06/2025

Industry leaders at NICC 2025, including Wawanesa’s Evan Johnston and IBA’s Amanda Dean, cautioned that Canada risks repeating California’s insurance collapse unless governments and builders address rising catastrophe exposure.

10/06/2025

Carlene Forde of Markel Canada said not-for-profits face growing risks from cyberattacks, aging facilities, and liability claims. She urged stronger governance, better education on cyber coverage, and closer insurer–client collaboration.

10/06/2025

A silent VM threat became a CEO sisters’ worst cyber nightmare—unpatched host OS left them exposed. BOXX vCISO Jack Brooks reveals why you should never just “disconnect,” and how VM inventories, automated patching, vulnerability scans and expert incident support turn that blind spot into a fortress.

The vital steps to take when your company is hit by a cyberattack – and why you should NEVER disconnect

10/03/2025

Sylvia Tran, Associate Vice President of Group Sales at Co-operators, is raising the bar for broker partnerships.

Their 18-month Account Executive Development Program blends technical learning, strategic sales training, and hands-on mentorship to cultivate AEs who deliver tailored group benefits solutions.

Discover how Co-operators’ people-first approach strengthens partnerships and drives exceptional value.

'This is about raising the bar'

10/03/2025

The global aircraft insurance market is expected to climb from US$6.5 billion in 2024 to US$9.2 billion by 2033, according to new research from the Market Research Intellect.

Expansion supported by rising passenger demand, fleet expansion, and regulatory mandates that require operators to secure comprehensive coverage

10/03/2025

Michael Ganhao of CARFAX Canada warns that VIN cloning and reVINed stolen vehicles are fueling a hidden auto fraud economy within Canada. With over 372,000 potentially cloned VINs, insurers, brokers, and dealers face mounting risks.

Discover how CARFAX’s data-driven fraud detection tools are helping the industry stay ahead.

VIN fraud and vehicle theft affect many industries, dealers, lenders and insurers

10/03/2025

NICC 2025 proved that foresight is the insurance industry’s greatest asset.

From AI-driven underwriting risks to climate shocks and supply chain disruption, leaders tackled challenges they predicted nearly a year in advance. MSA Research CEO Nevina Kishun praised the program’s uncanny relevance: “They saw the writing on the wall.”

From AI threats to climate shocks and supply chain turmoil, NICC 2025 revealed how insurers are preparing for risks they predicted months in advance

10/02/2025

: Sompo is making waves in Canada’s commercial P&C space, and Rohan Dixon is leading the charge.

One firm is rising rapidly - but how can brokers gain from its support?