Insurable Interest Canadian Insurance Blog

Quebec City, QC (Nov. 12, 2025) – Beneva is pleased to announce the launch of the “Rebuild Better” advantage, a free offering that enables policyholders to rebuild in a more sustainable way after a loss. This initiative is part of a broader approach to better support members in adapting to the realities of climate change, while integrating more eco-responsible principles into home insurance claims practices. A context that calls for action Extreme weather events are increasing becoming more frequent and severe due to climate change. The year 2024 marked a turning point for the property and casualty insurance industry. Across Canada, climate-related losses exceeded $8.5 billion – a historic record.[1] That same year highlighted the critical need to support members in adapting to climate related events. In response, Beneva chose to review its claims practices after water damage accounted for 75% of claims in 2024, totaling $616 million. “These trends show that rebuilding in the same way as before is no longer sufficient. We must go beyond this traditional concept of repairing to build a more resilient future. Beneva is committed to supporting its members by sharing costs and offering expertise so that every loss becomes an opportunity to better...

Don’t Let Winter Weather Catch You Off Guard Burnaby, BC (Nov. 12, 2025) – With colder, wetter months ahead, BCAA is urging homeowners to act now to prepare their homes. Citing claims data that highlights a significant increase in weather-related damage during fall and winter; BCAA recommends taking proactive steps now to help people safeguard their homes and avoid costly repairs. With more, higher intensity weather events including fall and winter storms hitting the province, BCAA Insurance claims from homeowners from 2020 to 2024 reveal a clear seasonal pattern: Roof leaks: 56% of roof leak claims occur in just a 3-month period – November to January. Backed up drains and surface water: resulting claims spike sharply in fall and winter, with 65% occurring between November and January. Overall weather-related claims: 53% of all weather-related claims are recorded between November and January. “BCAA data shows that fall and winter weather is risky and rough on our homes,” notes Lydia Fookes, part of BCAA’s Home Insurance team. “The good news is that proactively preparing your home now can cut the risk of costly repairs and disruption, so we’re sharing some tips to help people get a head start.” BCAA Home Insurance experts suggest prepping homes for...

New York, NY (Nov. 21, 2025) – Accenture is investing in Lyzr, an AI company that has developed a full-stack enterprise agent infrastructure platform. As part of this investment, made through Accenture Ventures, Lyzr will collaborate with Accenture to bring agentic AI to banking, insurance and financial services companies. Lyzr’s Agent Studio platform is built for both professional developers and no-code business users, enabling them to build secure, reliable AI agents that seamlessly integrate into workflows. The agents can automate tasks, share analysis and insights and improve productivity through streamlined operations. With guardrails built in, companies can easily ensure that AI agents meet compliance and regulatory requirements. For example, insurance companies can build an agentic AI system that will automate customer support, claims processing, policy renewals, endorsements, and mid-term policy changes for customers. Banks can build AI agents that auto approve loans, fast-track customer onboarding, automate GRC audits, helping banks operate faster and more efficiently. “Agentic AI represents the next frontier in financial services firms’ efforts to adopt and scale AI,” said Kenneth Saldanha, global lead for Accenture’s Insurance industry practice. “Lyzr’s platform lets companies create secure, explainable and compliant AI agents that can automate decisions across workflows, helping to...