Insurable Interest Canadian Insurance Blog

Partnership expands IBM Consulting Advantage, an AI powered delivery platform, with industry specific agents for Gemini Enterprise New global Google Cloud practice brings thousands of IBM consultants to help clients scale AI, and modernize core systems The practice represents a multi-billion-dollar opportunity in Google Cloud Services Armonk, NY (June 11, 2026) – IBM and Google Cloud are pleased to announce the launch of a new Google Cloud Practice designed to help organizations more quickly scale AI into production and modernize core systems. The new practice combines IBM’s deep industry expertise and IBM Consulting Advantage – the company’s AI-powered platform that helps IBM teams design, build and deploy AI solutions faster using agents and industry workflows – with Google Cloud’s Gemini Enterprise Agent Platform, cybersecurity and data capabilities. With thousands of Google Cloud-certified IBM consultants and forward-deployed engineers, the practice will help enterprises deploy AI solutions, modernize legacy environments, and manage technology across complex hybrid landscapes. This represents a multi-billion-dollar opportunity for IBM and Google Cloud, with each bringing unique strengths that matter to clients. IBM is creating a portfolio of industry-specific- AI agents built on IBM Consulting Advantage and optimized for Gemini Enterprise. These agents support use cases for banking,...

Erie Insurance Ranks Highest in Customer Satisfaction for Third Consecutive Year Customers getting more quotes than ever before (3.5 on average) A competitive price is key to keeping customers engaged States in the South show high shop and switch rates Troy, MI (June 18, 2026) – As the wave of auto insurance price increases begins to cool, customers are easing off the panic button, but they’re not getting complacent. According to the JD Power 2026 U.S. Insurance Shopping StudySM, the share of customers shopping for auto insurance has declined from 57% to 53% year over year, but still remains elevated by historical standards. At the same time, shoppers are getting more quotes than ever and shifting decisively toward digital channels—including mobile apps and emerging AI tools—to compare, understand and purchase policies. “We’re moving from a crisis-driven market to a digital- and AI-driven market,” said Stephen Crewdson, managing director, insurance intelligence at JD Power. “Even as rate pressure eases, customers are getting more quotes than ever because mobile apps and AI tools make it so much easier to compare options and understand coverage. Separate JD Power research indicates that shoppers who use AI during their insurance journey are more likely to...

Toronto, ON (June 10, 2026) – As freight movement continues to play a critical role in Canada’s economy, brokers are seeing increased attention on the evolving risk profile within the trucking and transportation sector. From long-haul fleets to regional operators, trucking exposures have become more layered in recent years, driven by higher cargo values, tighter delivery timelines, and increased operational pressures. Industry observers note that these shifts are reinforcing the importance of understanding how different types of risks often assumed to be covered under a single policy are actually separated within insurance structures. Mobile Equipment (All Risks Physical Damage) coverage applies to the trucks and trailers themselves protecting against loss or damage to owned or operated units. Separately, Motor Truck Cargo (MTC) coverage addresses liability for goods in transit, including damage, loss, or theft of cargo while under the carrier’s responsibility. “While these exposures are closely linked operationally, they are fundamentally different from an underwriting and claims standpoint,” noted Andre L. Prasad, Underwriting Manager, Transportation. “Clarity around this distinction is becoming more important as cargo values increase and supply chains become more interconnected.” The need for clear separation between unit and cargo coverage is further amplified by factors such as cross-border...

The partnership combines Insurity’s cloud-based software with EOX Vantage’s insurance operations and managed services expertise to accelerate modernization, enhance service delivery, and support growth for carriers, MGAs, and brokers Hartford, CT (Mar. 5, 2026) – Insurity, a leading provider of cloud-based software for insurance carriers, MGAs, and brokers, has announced a new strategic partnership with EOX Vantage, an insurance-focused operations and workflow automation firm. The partnership will enable P&C insurers to modernize faster, scale operations more efficiently, and improve policyholder service by combining Insurity’s core software with EOX Vantage’s managed services and workflow automation capabilities. With more than 20 years of insurance operations experience, EOX Vantage offers a global team of 650 professionals. The company supports policy servicing, underwriting, billing and accounting, FNOL, and claims intake, and offers the Taruvi platform to help streamline workflows, data exchange, and integrations across the insurance value chain. Through the partnership, Insurity customers gain access to implementation expertise, flexible managed services capacity, and workflow automation capabilities that complement Insurity’s core systems. The combined offering helps insurers move beyond legacy system replacement to redesign front-line and back-office processes for a more modern, scalable operating model. “EOX Vantage is excited to partner with Insurity to help...

Rolling Meadows, IL (July 7, 2026) – Arthur J. Gallagher & Co. is pleased to announce the acquisition of Burnaby, British Columbia-based Wilson M. Beck Insurance Services Inc. (“WMB”). Terms of the transaction were not disclosed. “This deal ranks among the top three [or] four largest transactions ever completed in Canada,” Gallagher noted in an announcement. WMB provides retail insurance brokerage services to commercial clients primarily in Western Canada, with industry focuses of construction, commercial real estate, surety bonding, hospitality and mining. The WMB team, led by David Beck, will remain in their current locations under the direction of Dave Partington, head of Gallagher’s retail property/casualty brokerage operations in Canada, Latin America and the Caribbean. “WMB’s excellent reputation for niche industry expertise will enhance our retail brokerage capabilities in Canada,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am very pleased to welcome David and his partners and associates to Gallagher.” KPMG Corporate Finance acted as mergers and acquisitions advisor to WMB. Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations...

With over $10 billion in insured property, Stand is the first carrier to actively fund and coordinate hurricane mitigation with homeowners Tampa, FL (June 18, 2026) – Stand has launched its first open market hurricane insurance offering in Florida, a program built on a straightforward idea: understand what makes a home more vulnerable to hurricanes, connect homeowners with the improvements that matter most, and reduce their premiums based on those changes. Traditional insurers price risk by zip code based on past disasters. But storms are getting more severe and frequent, and the past no longer predicts the future. Stand’s approach is rooted in understanding what makes individual homes more resilient to the specific hazards they face. Here’s how it works: Simulate: The Stand World Model uses physics-based analysis to understand how catastrophes interact with individual structures down to specific property features and how they affect survivability. The model was developed and validated in California’s wildfire-prone communities, and now, Stand is deploying this same approach for hurricane risk in Florida. Strengthen: Stand actively coordinates the work of fortifying a home – from building a network of trusted contractors to identifying affordable solutions – so homeowners don’t have to figure it out...