Insurable Interest Canadian Insurance Blog

New capability combines proprietary claims data and advanced predictive models to deliver property-level, peril-specific risk insights that help improve risk segmentation and underwriting efficiency Atlanta, GA (May 14, 2026) – LexisNexis® Risk Solutions is pleased to announce the launch of LexisNexis® Location Intelligence for Home, an AI-driven predictive model that is redefining how U.S. home insurers assess property risk. Using advanced neural network modeling, LexisNexis® Location Intelligence for Home gives U.S. home insurance carriers a decisive advantage in assessing property risk with more accuracy and efficiency at new business and renewal. There is a growing interest across the market in utilizing location intelligence, in addition to existing underwriting practices, to pinpoint potential risks before claims occur and investigate and mitigate those risks during the underwriting process. Location Intelligence is now available via LexisNexis® Smart Selection, the automated data service that delivers inspection flags and customizable business rules to better identify and segment the property risks that require a higher probability of action. Due to rising costs to repair homes, increased costly catastrophic events and greater pressure on underwriting precision, traditional property risk assessment approaches, particularly ones that rely heavily on exterior condition and loss data alone, can leave critical gaps....

New York, NY (May 7, 2026) – Willis, a WTW business, has released its latest Insurance Marketplace Realities report, revealing a global insurance market entering a more complex phase shaped by geopolitical volatility and the rapid expansion of digital infrastructure. Political risk is no longer confined to specific sectors, with impacts now extending across supply chains, infrastructure, and financial systems. Recent developments in the Middle East are driving notable shifts in the political risk insurance market, with rates in Gulf countries expected to increase by as much as 20-30%. By contrast, rates for both traditional political risk insurance and trade disruption insurance are expected to remain flat or increase by just 5%. These changes reflect a broader reassessment of risk. Insurers are increasingly evaluating exposures through a national security lens, while businesses are elevating political risk insurance as a core component of enterprise risk management. At the same time, geopolitical forces are driving systemic effects across global markets, influencing everything from capital flows and regulatory environments to operational continuity. “Geopolitical uncertainty is no longer a background risk. It’s a primary driver of volatility across the insurance market,” said Jackie Bolig, Head of Placement and Broking Solutions for Corporate Risk &...

KPMG expands global alliance partnership with ServiceNow to co-innovate, increase client value and create new growth opportunities London, UK (May 6, 2026) – KPMG is pleased to announce the expansion of its global alliance relationship with ServiceNow, establishing a multi-year commitment and US$40 million in services over the next three years to help clients accelerate AI-powered transformation across the enterprise, reinforcing KPMG’s position as a leading ServiceNow partner. The enhanced relationship builds on the AI-first commitments both organizations have made — beginning with KPMG UK’s recognition as one of the first and largest users in Europe to deploy ServiceNow AI Agents in a live environment, followed by KPMG US’s early adoption of the ServiceNow AI Control Tower to operate AI at scale. These efforts anchored by KPMG AI Trust services and Global Business Services, reflect KPMG firms’ approach of using advanced capabilities internally to help clients adopt them with confidence. “Every organization I talk to has moved past whether to use AI,” said Michael Park, SVP, Global Partnerships and Channels at ServiceNow. “The question now is how to get from ambition to outcomes fast. ServiceNow brings the AI Control Tower, the agentic workflows, and the governance. KPMG brings the advisory depth and change...

Specialty insurance rates soften at faster than expected pace, retreating to 2020 pricing levels, WTW survey finds New York, NY (May 6, 2026) – Specialty insurance market rates declined in 2025 and for 1 January 2026 renewals, with the pace of change exceeding expectations in the published forecasts by both brokers and insurers, according to WTW’s Specialty Insurance Marketplace Survey (SIMS). The WTW survey reflects around $250 billion of gross written premium over a 10-year cycle, including $45 billion in 2025, and covers specialty insurers operating across the London, Bermuda and the U.S. excess and surplus (E&S) markets. Rather than using broker-derived data, the survey is built exclusively on data contributed by clients of WTW’s Insurance Consulting and Technology business that participate directly in SIMS. Based on the SIMS insurance rate index, expected performance (which is net of exposure trends) in 2025 has unwound the rate strengthening gains of the last few years back to levels last seen in 2021. 2025 was the first year since 2018 for which rate adequacy for new business was lower than for renewal business. Data from 1 January 2026 renewals and new business point to continued rate softening, with a 10-point decline in the...

Clients get access to more than 300 pre-built AI agent skills and agentic workflows on the on the ServiceNow AI Platform New York, NY (Mar. 17, 2026) – ServiceNow, the AI control tower for business reinvention, and Accenture are pleased to announce a forward deployed engineering (FDE) program to help enterprises take agentic AI from enterprise pilot to production at scale. Through the program, ServiceNow’s AI-native FDE team works together with industry-led Accenture FDEs inside mutual customers’ environments, collaborating to build agentic AI workflows natively on the ServiceNow AI Platform where enterprise work already runs, delivering value in production before enterprise rollout begins. “Forward deployed engineering is how ServiceNow and Accenture turn mutual customers’ agentic AI business goals into value-generating production workloads,” said John Aisien, senior vice president and general manager, Central Product Management, Security & Risk at ServiceNow. “We’re not simply handing over instructions. Our teams are in the customers’ environments, implementing ServiceNow, customer & third-party building blocks, and demonstrating the resulting value metrics in the ServiceNow AI Control Tower.” “The question our clients ask is not whether to invest in AI—it’s how to make it work at enterprise scale,” said Ram Ramalingam, lead for Software and Platform Engineering...