Insurable Interest Canadian Insurance Blog

Armonk, NY (May 27, 2026) – Artificial intelligence is emerging as a powerful enabler of asset management but only when paired with trusted data, clear governance, and strong organizational change. That message resonated during a recent IBM-hosted discussion that brought together asset management leaders from public and private sector organizations to share practical experiences with AI‑enabled asset management. Participants emphasized that AI is not a quick fix, but a long‑term accelerator of established practices. Denzil Solomon, VP Emerging Technology, Thought Leader and Advisor at FAHM Technology, underscored the importance of patience and strategy: “AI is in it for the long term, just like asset management,” he noted. “You might see quick gains, but the real value builds over time.” For municipalities, early investments in enterprise asset management have already delivered measurable benefits. Jennifer Wrzala, Business Analyst and innovative thinker with the City of Cambridge, reflected on her organization’s journey: “Right away, we started seeing benefits,” she said. “We went from everyone speaking different languages about the same assets to having one common language and one system.” Reliable data surfaced as a consistent theme throughout the discussion. Participants repeatedly highlighted that technology alone cannot compensate for weak foundations. Without accurate, standardized...

Toronto, ON (June 2, 2026) – CAA South Central Ontario (CAA SCO) is warning that car theft is becoming more sophisticated and more personal, with criminals now targeting drivers directly using a mix of distraction tactics and high-tech tools. Police services across Canada have recently warned of an increase in “distraction thefts” occurring in parking lots, shopping centres, and other busy areas. At the same time, thieves are continuing to use relay attacks and key-fob signal-interception technology to unlock and steal vehicles without physical force. CAA cautions that these tactics are now being used together, creating new risks for drivers. A New Combination of Tactics This emerging method involves criminals engaging drivers in brief interactions near their vehicle while simultaneously using electronic devices to capture or amplify key fob signals. As a result, key fob-related auto theft is no longer limited to driveways or overnight incidents. Close physical proximity between drivers, their key fobs, and their vehicles can be exploited. These thefts can occur quickly and subtly, often without the driver immediately realizing anything has happened. In some cases, drivers may later notice an alert that their vehicle key is missing. This is an early sign that something is wrong....

AI tools like Mythos are accelerating how quickly cyber vulnerabilities are being found and exploited. This explainer sets out what Mythos changes, what it doesn’t and how brokers can help clients stay focused on what matters most. — By Isabel Finn, CFC — Artificial intelligence has been influencing the mechanics of cyber security for years. But tools like Mythos mark a visible shift. Developed by Anthropic, the team behind Claude, Mythos is designed to discover vulnerabilities and support security testing at a fraction of the time, compressing work that once took days and weeks into hours. That acceleration is creating concern. While Mythos is intended as a force for good, those same capabilities could be exploited by threat actors to find viable targets and launch attacks at scale. So what does Mythos actually change, should businesses worry and will cyber security ever be the same again? What is Mythos, and how will it impact cyber threats? Mythos is an advanced AI security model. It’s designed to support defensive cyber security research, using large language models (LLMs) with strong coding and reasoning capabilities to analyze software, identify vulnerabilities and support security testing at unprecedented speed. Its capabilities have been reviewed by...

BDC’s StrongNorth Fund invests in Photonic and Lastwall, and partners with initiatives like UBC Sauder School of Business’ Scale Up Program Montreal, QC (May 27, 2026) – The Business Development Bank of Canada (BDC) is pleased to announced new investments in Canadian dual use innovators through its StrongNorth Fund, alongside a partnership with UBC Sauder School of Business’ Scale Up Program, as it continues deploying its Defence Platform launched in December 2025. “We’re at a moment where Canada’s defence and economic sovereignty are increasingly shaped by technology,” said Peter Dawe, Vice President, Defence Strategy, BDC. “But ultimately, sovereignty depends on our ability to build and scale real capabilities—companies that can deliver, secure critical systems, and operate in complex environments. Through StrongNorth, we’re backing Canadian firms that are turning quantum and identity security into real‑world defence capability—focused on technologies that are ready to deploy today, while building the next wave of capability behind them.” As countries face rising cyber threats, these investments highlight how Canada is building defence capability across critical technologies. They also show how that capability is beginning to translate into real‑world applications, with companies advancing strengths across multiple critical technology domains and forming a broader national base of...

After taking 20 years to reach its first $1 billion in paid claims, Trupanion surpassed $4 billion just 18 months after crossing $3 billion, highlighting the growing role of high-quality pet insurance in reducing barriers to care Seattle, WA (May 26, 2026) – Trupanion, the leading medical insurance provider for cats and dogs in North America, is pleased to share it has reached the milestone of $4 billion in claims paid out to customers, helping more than 3.9 million pets receive care. Lacy Pushes Trupanion Past $4 Billion When Lacy, a three-year-old Goldendoodle from Illinois, recently received medication to help manage her allergies, it meant more than relief from a chronic condition—it meant her family could focus on her comfort rather than the bill. Lacy enrolled with Trupanion, North America’s leading pet medical insurer, when she was just two months old. By a year and a half, she was already receiving treatment for chronic allergies, and by age three, Trupanion had paid out nearly $2,000 across multiple allergy-related claims—an early reminder of how quickly the costs of ongoing conditions can add up over a pet’s lifetime. Stories like Lacy’s are playing out every day for thousands of pet families who...

Global travel intent remains robust at 74 % 42 % of global travelers plan to vacation domestically in 2026 77 % of global travelers concerned about the rising cost of travel 54 % of global travelers are likely to attend concerts, festivals or performing arts events during their trips, while 41 % plan to attend sporting events €1,572 (CAD$2,552) is the anticipated average global spend per person on a holiday this summer Saint-Ouen, France (May 20, 2026) – Global travel intent remains resilient in 2026, with nearly three-quarters (74%) of people worldwide still planning a summer holiday. However, new research from Allianz Partners Global Travel Confidence Index reveals the sector is being increasingly reshaped by economic pressure, geopolitical uncertainty and changing consumer priorities. The survey, conducted by Ipsos, of 11,010 people covered 10 key markets including China, France, Germany, Great Britain, India, Italy, the Netherlands, Spain, Switzerland and the United States. The research highlights a global traveler who is adapting rather than retreating. While travel intentions remain robust, holidaymakers are changing how and where they take their holiday. Travel demand remains strong, but increasingly local Domestic travel is leading the way for many travelers this summer, with 42% of global...