Insurable Interest Canadian Insurance Blog

Toronto, ON (Oct. 13, 2026) – As organizations continue to navigate evolving cyber risks, Ecclesiastical Insurance is encouraging brokers and their clients to use Cyber Security Awareness Month as an opportunity to review their cyber risk management practices and strengthen their resilience. This year’s Canadian Cyber Security Awareness Month theme, “Your best defence is you,” emphasizes the role people can play in recognizing threats, protecting information and strengthening cyber security practices. For organizations, this also reinforces the importance of building cyber awareness across teams and embedding good practices into everyday operations. “Cyber security isn’t simply a technology issue. It’s an organizational risk that requires awareness, preparation and participation across the business,” said John Del Grande, Senior Vice President, Business Innovation at Ecclesiastical Insurance. “Brokers can play an important role in encouraging conversations about cyber risk and helping clients consider the practices they have in place to protect their people, information and operations.” To support those conversations, Ecclesiastical offers three free resources designed to help organizations better understand and manage cyber risk: Cyber Risk Management Specialist School™ Module A free, interactive e-learning module that helps organizations build practical cyber risk management knowledge, covering areas including cyber threat awareness and incident response. Explore...

Expanded collaboration combines Insurity’s cloud-based insurance software with ReSource Pro’s insurance operations, technology services, and implementation expertise to help carriers, MGAs, and brokers turn transformation strategies into measurable results Hartford, CT (Mar. 5, 2026) – Insurity, a leading provider of cloud-based software for insurance carriers, MGAs, and brokers, has announced the expansion of its existing partnership with ReSource Pro, an insurance-focused services and technology company that helps insurance organizations improve operations, strengthen execution, and achieve measurable business outcomes. Building on an already established relationship, the expanded collaboration connects Insurity’s cloud-based insurance platforms with ReSource Pro’s experience across insurance operations, technology services, managed services support, and process improvement. Together, the companies will help carriers, MGAs, and brokers reduce delivery friction to improve implementation outcomes and build more scalable operating models across additional Insurity product sets. ReSource Pro brings more than two decades of insurance expertise and a broad set of capabilities spanning policy servicing, underwriting support, managed services, AI-enabled automation, and more. Through the expanded partnership, Insurity and ReSource Pro will support insurers as they modernize core systems and improve the processes, services, and workflows that surround them. The broader relationship is intended to help customers move beyond system replacement alone...

Survey points to guaranteed lifetime income and a mindset shift as key solutions to overcome spending struggles Newark, NJ (Oct. 1, 2026) – A new study released by Prudential Financial, Inc., the 2026 Retirement Pulse survey, shows that many retirees need guidance, clear withdrawal strategies, and guaranteed lifetime income to feel they have a “license to spend” on things they enjoy. Concerns about saving enough for retirement — and the fear of running out — have been widely documented. Prudential’s Retirement Pulse survey reveals a new angle: After a lifetime of being taught to save for retirement, many of today’s retirees resist tapping into their savings when the time actually comes. Eighty-six percent of respondents reported that they don’t feel free to spend their savings on things they enjoy. Even among those with $500K or more in investable assets, 61% still do not feel comfortable spending for enjoyment. “Saving for retirement is a critical foundational need that society has made progress against. However, it’s not enough to help people save for retirement if they’re afraid to spend it once they get there,” says Phil Waldeck, head of U.S. Businesses, Prudential Financial. “The retirement industry has an opportunity to move beyond...

Rates for large and complex property programs fell 14.5 percent in the second quarter of 2026, with shared and layered placements down 23.41 percent, as the multiyear hard market reverses course across North America New York, NY (Oct. 1, 2026) – Willis, a WTW business, has released the fall 2026 edition of its Insurance Marketplace Realities report, examining rate predictions and market conditions across more than 30 lines of commercial insurance in North America. Large and complex property rates fell an average of 14.5 percent in the second quarter of 2026, compared with 8.4 percent a year earlier, as competition among insurers intensified. Shared and layered programs, placements with five or more carriers, saw average declines of 23.41 percent, up from 14.57 percent in the second quarter of 2025. The market has now moved from the depths of the 2018 through 2024 hard market toward pricing last seen in 2019. The report, whose theme is “The Specialist View: Navigating Tomorrow’s Risk Landscape for 2027,” reflects on how specialization across lines is helping clients navigate accelerating technology risk, including new exposures tied to artificial intelligence and data infrastructure investment. “Clients are navigating a market being reshaped by specialization and technology at...