Insurable Interest Canadian Insurance Blog

Toronto, ON (Mar. 9, 2026) – Canadians are concerned about fraud in the insurance industry, from the threat on a personal level to the industry-wide costs resulting from staged collisions, inflated claims, and more, according to the results of a new survey commissioned by Aviva and conducted by Nanos Research. Nationally, more than one-third of respondents (37.8 percent) ranked ‘Cyber crime/online scams/identity theft‘ as the most concerning risk influencing insurance; it was followed by ‘Auto theft‘ at 15.7 percent, ‘Home invasions‘ at 12.1 percent, and ‘Flooding‘ at 10.6 percent. No other risk was ranked first by more than six percent of respondents. For 3.7 percent of respondents, ‘Insurance Fraud‘ was the most concerning risk influencing insurance, with clear regional and demographic variations. In BC, fraud was ranked highest by respondents, 4.8 percent of whom selected it as the most concerning risk. Meanwhile, just 0.6 percent of respondents in Atlantic Canada ranked insurance fraud as their top concern. Ontario (4.4 percent), Quebec (4.0 percent) and the Prairies (2.4 percent) fell in between. In the context of ranking risks by concern over their influence on insurance, younger Canadians appear to be more worried about insurance fraud than seniors, with 6.4 percent of...

Toronto, ON (Feb. 18, 2026) – The Insurance Brokers Association of Canada (IBAC) is proud to announce the official launch of the new and improved Canadian Accredited Insurance Broker (CAIB) program. CAIB has been at the forefront of broker education for over 40 years. The CAIB designation is a distinguished nationally recognized credential that signifies a broker with the in-depth knowledge and expertise to serve Canadians with professionalism and integrity. CAIB New Edition 1.0 builds on this strong reputation, elevating broker education, with new and up to date content that is relevant, practical, and aligned with the real-life situations brokers face with their clients every day. A learner-centred approach and flexible formats give students choice in their learning experience. State-of-the-art instructional design and interactive features increase engagement and significantly improve how knowledge is retained and applied. It’s education by brokers, for brokers, that meets the needs of the modern student in the digital age. “Today’s insurance broker is tech savvy and continuously on the go, so we’re meeting them where they are – and that’s online,” said Peter Braid, IBAC CEO. “IBAC is committed to providing excellent educational programming that will generate confident, competent brokers who are equipped to provide...

Weave’s New Insurance Eligibility Solution Increases Dental Verification to 90% Average Lehi, UT (Feb. 18, 2026) – Weave, a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, is pleased to announce Weave Insurance Eligibility (WIE). This advanced solution provides dental practices with some of the most accurate, comprehensive, and instantly accessible insurance data in the industry. While traditional Electronic Data Interchange (EDI) clearinghouses provide a foundation of data, they often leave critical gaps. By integrating Robotic Process Automation (RPA) technology, Weave customers can automatically retrieve real-time data from insurance portals, eliminating a well-known pain point that currently consumes hours of front-office time. “At Vero Dental, we invest in the latest clinical technology, and it is vital that our administrative experience matches the world-class care our patients expect from our doctors,” said Heather Buckson, Office Manager at Vero Dental. “Weave Insurance Eligibility has been transformative, reclaiming critical time for my team to focus on meaningful patient interactions while significantly increasing our reimbursement accuracy and office throughput.” Driving Operational Efficiency and Practice Growth The introduction of RPA-driven eligibility allows dental practices to move away from administrative bottlenecks and toward patient-centric care: Optimized Reimbursements: By providing more...

Insurer deploys Ultrassure’s platform to transform unstructured policy, program and treaty language into structured, queryable data, strengthening contract governance, compliance, and operational efficiency Toronto, ON (Feb. 18, 2026) – Ultrassure is pleased to announce that it has been selected by Millennium Insurance to deploy its contract intelligence platform across the insurer’s operations. The engagement introduces AI-supported tools into core workflows, helping underwriting, claims, and legal teams navigate complex agreements with greater precision, consistency, and speed. Through this collaboration, Ultrassure is working with Millennium to modernize how contract data is managed and accessed. The platform enables teams to query policies and key partner contracts as structured data, supporting decision-making with a more unified and traceable view of obligations, exclusions, and coverage terms. The deployment spans Millennium’s diverse book of business and is designed to integrate directly into existing workflows. By improving how policy and contract language is tracked and surfaced, the collaboration aims to strengthen operational efficiency while reinforcing the audit trails important to Millennium’s internal governance standards. “In today’s market, having timely access to the intelligence within our contracts is critical,” said Hafeez Kassam, President at Millennium Insurance. “We chose Ultrassure because we see a real opportunity to validate coverage...

L’Unique Insurance — now available on the platform Quebec City, QC (Mar. 10, 2026) – QuickFacts is pleased to announce the launch of its personal lines offering in Québec, with the ambition of simplifying brokers’ work. As a tool for brokers, built by brokers, QuickFacts brings the power of comparative rating to the product level. The platform allows brokers to generate side-by-side product feature and coverage comparisons from multiple carriers, with easy access to current manuals, bulletins, forms, decline rules, binding guidelines and more. This means a significant reduction in research time for brokers to find the best product and coverage solutions for their customers’ unique needs. QuickFacts partnered with Orbite as their pilot in Quebec. Orbite was an ideal partner as they already had the rest of their team leveraging QuickFacts in other provinces. They helped support the Quebec launch from day one, testing the experience in-market and giving early feedback to make sure it worked smoothly for their team and others that follow. “We worked with QuickFacts in Ontario and were excited to support their launch in Quebec. Our Quebec team were impressed with the QuickFacts solution and excited to have French underwriting information in one place and...