Insurable Interest Canadian Insurance Blog

New Verisk Model Context Protocol (MCP) connectors enable conversational, natural-language interactions, provide contextual access to Verisk’s trusted insurance analytics inside enterprise AI environments. Enables underwriting and claims professionals to access Verisk’s regulatory-grade data within Claude, surfacing relevant insights and reducing manual tasks. AI-enabled insurance workflows with embedded governance and security controls that reinforce trust, ensure humans remain at the center of every decision. Jersey City, NJ (May 5, 2026) – Verisk, a leading strategic data analytics and technology partner to the global insurance industry, is pleased to announce its trusted insurance analytics are now available in Claude, Anthropic’s family of AI models, through standardized Verisk Model Context Protocol (MCP) connectors. These connectors enable insurance and property restoration professionals to access insights conversationally within a secure, governed environment, and bring meaningful efficiency. Verisk’s analytics and solutions are used by U.S. property & casualty insurers, including the top 100 insurers, as well as global insurers, reinsurers and brokers. This deep understanding of essential processes, platforms, and workflows positions Verisk to responsibly support the next evolution of how insurance professionals engage with trusted data and analytics through AI. Building on this foundation, Verisk MCP connectors simplify access to insurance analytics, surfacing contextual insights...

Mississauga, ON (May 5, 2026) – As wildfires, floods, and extreme storms intensify across Canada, a new survey from First Onsite Property Restoration finds that most people are not ready for them. Just over one in four Canadians (28 per cent) have an emergency kit prepared—even as awareness of climate-driven risk has never been higher. Released during Emergency Preparedness Week (May 3–9), the findings arrive as Public Safety Canada and partners are calling on Canadians to “Be Prepared and Know Your Risks.” The survey findings highlight a clear disconnect between awareness and action. Three quarters of Canadians (75 per cent) say they know where to find official weather emergency information and alerts. Yet only 38 per cent feel they are prepared for a weather-related emergency. The gap is perhaps sharpest when it comes to basic preparedness. Just 36 per cent of Canadians – homeowners and businesses alike – know their local evacuation routes. This is striking for a country that has watched wildfires, floods, and major storms reshape communities in recent years. Two thirds of Canadians (67 per cent) believe all levels of government could be doing more on disaster preparedness, while only 44 per cent feel confident in their...

Ancaster, ON (May 4, 2026) – SIB Corp. is pleased to announce the acquisition of 21st Century Travel Insurance Limited, led by industry veteran Jeff Pudwell. This initiative represents a strategic enhancement of SIB’s product suite, further strengthening its ability to meet the evolving, everyday insurance needs of its clients. 21st Century Travel specializes in travel insurance solutions, offering comprehensive inbound and outbound travel coverage options for individuals and families across Canada. Through this partnership, SIB will integrate travel insurance into its existing platform, enabling brokers across its network to deliver a more complete and seamless client experience. Jeff Pudwell, President of 21st Century Travel, will remain with the business and continue to lead its growth strategy. “Partnering with SIB provides an exciting opportunity to scale our offering and reach a broader client base,” said Pudwell. “I’m excited to continue building the business alongside SIB and to ensure 21st Century Travel remains a leading travel insurance MGA in Canada.” “Expanding into travel insurance is a natural progression for SIB as we continue to build a full-service brokerage platform,” said Ted Puccini, President of SIB. “Our clients rely on us to protect what matters most in their daily lives. Adding travel...

Quebec City, QC (May 4, 2026) – In light of persistent inflation, rising housing costs and economic uncertainty, financial stress is now an important health marker. This is just one of the key findings highlighted in Beneva’s Health Report, which analyzes group insurance plan usage trends across different age groups and highlights how financial pressure influences behaviour, healthcare needs and the employee experience. Needs that change through life Beneva’s analysis reveals that financial pressure and its impact on health varies at every stage of life, with a similar path from one generation to the next. Since coverage needs change from one age group to the next, group insurance must respond to evolving life stages and high-impact events that transcend age. Young adults (ages 18-30): Cost of living, job insecurity and social comparison fuel early financial anxiety, leading to the growing demand for quick access to psychological support as well as the recognition of mental health issues. Mid-life adults (ages 31-50): The growing number of responsibilities compounds time pressures and access to care. Delays in receiving care can lead to worsening health problems, with increasing repercussions on costs and work continuity. Pre-retirees (ages 51-65): When preparing for retirement, the focus turns...