Insurable Interest Canadian Insurance Blog

Securian Financial ‘Insurance Needs and Views of Younger Generations’ study St. Paul, MN (Dec. 1, 2025) – A new Securian Financial study reveals that Gen Z and younger millennials recognize the importance of life and supplemental health insurance but still harbor key misconceptions that prevent many of them from purchasing it. With Gen Z and millennials now representing more than 40 percent of the U.S. population,[1] the study highlights an important opportunity for financial institutions to better connect with these younger consumers and help them protect their financial futures. “Life insurance and supplemental health insurance provide the foundation for long-term financial confidence,” said Matt Bauler, Securian Financial vice president of Affinity Solutions. “Our research shows that younger generations want to be financially responsible and value protection—but they’re looking for education, flexibility and authenticity from financial institutions they trust.” Key Findings Securian Financial’s July 2025 survey, “Insurance Needs and Views of Younger Generations,” of nearly 300 Gen Z (ages 22–28) and younger millennials (ages 29–32), revealed that: Almost two-thirds Gen Z and younger millennials recognize the value of life insurance, yet about 20 percent believe they don’t need it until they are older. More than 30 percent think insurance is too...

New InvoiceCloud Research study identifies speed, transparency, and real-time disbursements as keys to policyholder satisfaction and retention Boston, MA (Dec. 1, 2025) – InvoiceCloud, a premier solution for digitalizing premium payments and claims disbursements, has released findings from its findings from its 2025 Consumer Claims Experiences Survey, highlighting consumer preferences and trends shaping the insurance claims process. The study revealed that 83% of consumers surveyed would switch insurance carriers after a bad claims experience, underscoring the critical link between claims performance and customer retention. The timeliness gap is driving dissatisfaction. Among consumers who have filed a claim, the largest share of survey respondents reported receiving payment more than a week after filing (27%), while only 10% received funds within hours to two days. Although 22% of respondents said they have experienced a payment delay, 40% ranked “time to receive payment” as the top thing they would change above inconsistent communication (29%). External benchmarks compiled by Datos Insights highlight this urgency. Drawing on findings from J.D. Power’s 2025 U.S. Property Claims Satisfaction Study, 82% of customers expect payouts within five days, yet data from Vitesse, a claims treasury and payment service provider, shows that average end-to-end payment times exceed 44 days—and...

By Tim Turner, Alessandro Lezzi, Bethany Greenwood, et al, Beazley — Beazley, the leading specialist insurer, is sharing its predictions for 2026, covering a variety of areas. 2026: The Year of the AI Luddite By Tim Turner, Group Head of MAP (Marine, Accident & Political) Risks Geopolitical tension and economic uncertainty are reshaping the risk landscape, and data centers sit at the heart of both global tension and opportunity. As the backbone of the AI ecosystem, they symbolize progress but also provoke anxiety over building location, societal impact, and the future of jobs – issues that have already fueled opposition throughout 2025. So far we’ve largely only seen this dialogue play out in the digital space, but will 2026 be the year it spills into the physical world? Data centers, already critical infrastructure and flashpoints in a word of rising volatility, are increasingly prime targets for protest and disruption. Governments and businesses must prepare for incidents that threaten data centers and strengthen resilience to keep the essential systems they support running. This is where Strike, Riots, and Civil Commotion (SRCC), political violence and terrorism, and cyber solutions play a vital role. As AI resistance shifts from rhetoric to reality, insurance...

The adoption of the Claude family of models enables intelligent product querying, accelerates life insurance policy admin system modernizations, and empowers Equisoft’s global team to drive innovation for carrier clients Montreal, QC (Dec. 10, 2025) – Equisoft, a leading global digital solutions provider to the financial services industry, is pleased to announce that it has incorporated Anthropic’s Claude family of models into its life insurance platforms and across its global operations. This delivers advanced AI capabilities directly within Equisoft’s solutions while accelerating policy administration system (PAS) modernization projects and fostering innovation across the company’s team members worldwide. “By building Claude’s AI capabilities directly into our platforms, we’re enabling insurers and our employees to unlock the full value of frontier AI models,” said Brian Carey, VP of Insurance Solutions Engineering, Equisoft. “This has sped up modernization projects and enabled quick analysis of complex data. Our Equisoft team members worldwide now have secure access to Claude, leading to significant innovation and productivity gains.” Claude also streamlines critical implementation phases of transformation projects such as business requirements analysis, which reduces project timelines while maintaining the precision required for mission-critical life insurance operations. Additionally, the enterprise-wide deployment provides all Equisoft team members with secure...

Gatik and Loblaw Ink 5-year Expansion Deal to Scale AI-Powered Autonomous Trucking Solution Across Regional Distribution Networks in the Greater Toronto Area As part of the multi-year agreement, Loblaw has made a strategic investment in Gatik, with an initial deployment of 50 autonomous trucks set to boost delivery efficiency, reliability, and responsiveness for Loblaw’s customers Toronto, ON (Oct. 23, 2025) – Gatik, the leader in autonomous freight for regional logistics networks, has announced a significant expansion of its commercial partnership with Loblaw Companies Limited, Canada’s largest retailer. Marking a milestone for the autonomous trucking industry, the companies have signed a first-of-its-kind, multi-year growth agreement to deploy Gatik’s autonomous fleet across Loblaw’s distribution network in the Greater Toronto Area (GTA). Under the initial phase of the expansion, 20 autonomous trucks equipped with Gatik’s next-generation sensor suite will be deployed by the end of 2025, with a further 30 autonomous trucks to be deployed by the end of 2026, creating a scalable platform for future growth phases. This growth agreement signifies the largest planned roll-out of autonomous trucks in North America, a move that transitions Gatik and Loblaw from initial deployment to commercial operations at scale, an industry-first in the autonomous vehicle...