Insurable Interest Canadian Insurance Blog

Helping clients move AI from pilots to production in a live, production-grade environment Enabling organizations to test AI they own and control against their own use cases before making investment decisions Bringing together NTT DATA’s consulting, data, AI, infrastructure, security, operations and managed services expertise with leading technology partners including Dell Technologies and NVIDIA Munich, Germany (Oct. 14, 2026) – NTT DATA, a global leader in AI, digital business and technology services, is pleased to announce the opening of the NTT DATA AI Factory Munich, a real-world environment where clients can test how their AI applications will perform at scale before they invest in broad deployments. Unlike a traditional AI demonstration or innovation lab, the AI Factory Munich operates within a live data center environment (NTT Global Data Centers’ Munich 2 Data Center), allowing clients to evaluate AI workloads against the infrastructure, security, data, governance and operational requirements they will face in production. AI deployments typically stall between pilots that prove an idea and enterprise-scale production that delivers value. To bridge this gap, the AI Factory Munich leverages NTT DATA’s capabilities from consulting, infrastructure and AI platforms to managed services, data centers and its global partner ecosystem. Among active partners, NVIDIA...

Volumetric Building Companies cuts operational cycle times by 50% with SAP Cloud ERP Second Nature Brands extends and strengthens their common enterprise platform following its Voortman acquisition Modernized ERP foundation positions clients to scale operations and support AI-readiness Armonk, NY (Oct. 14, 2026) – IBM is pleased to announce IBM Ready for SAP Solutions to help midsize and fast-growing organizations accelerate cloud ERP modernization, unify enterprise data, and establish an AI-ready digital core. Volumetric Building Companies and Second Nature Brands are among the clients using the solution to support growth and future AI initiatives. Volumetric Building Companies (VBC), a global modular construction company, reduced operational cycle times by 50% across purchasing, manufacturing, and inventory processes following a three-month SAP Cloud ERP transformation with IBM. Second Nature Brands, a portfolio company and creator of premium snacks and treats, recently completed an SAP Cloud ERP transformation with IBM that integrated its acquired Voortman Bakery business and established a common enterprise platform for its operations. The two transformations demonstrate how IBM Ready for SAP Solutions can support different business needs, from improving operational efficiency to integrating acquired businesses onto a common enterprise platform. “As our business continues to grow, we needed technology that...

Major release extends Majesco’s AI leadership with Immersive AI, bringing governed generative and agentic intelligence into the flow of work Morristown, NJ (Oct. 13, 2026) – Majesco, a global leader in AI-native insurance and retirement software, is pleased to announce its Fall ’26 product release. The release accelerates AI within the Majesco intelligent core solutions which deliver value for customers across insurance and retirement to redefine how work gets done with AI, helping organizations close talent capacity gaps, scale operations to empower growth, and improve business metrics through greater agility and value creation. This release raises the bar again and empowers our customers to transform their business and accelerate their journey to a Frontier Insurer. “Fall ’26 shows how we are extending intelligence across the platforms our customers rely on every day,” said Manish Shah, President and Chief Product Officer at Majesco. “Generative AI surfaces insight. Agentic AI orchestrates work. Immersive AI gives users a new way to collaborate with AI agents to do work, with the governance needed for production use. Traditional core was designed for human work only. Immersive is designed so the human and agent are working the same case in a shared space together. This is...

Toronto, ON (Oct. 13, 2026) – Intact Financial Corporation has provided an update regarding catastrophe events in the third quarter of 2026. The company estimates that total catastrophe losses1 for the third quarter were approximately $660 million on a pre-tax basis and net of reinsurance ($2.76 per diluted share after-tax). “After benign activity in 2025 and early 2026, the severe weather events of recent months have brought our teams, supply chain and restoration network together to help customers recover and quickly get back on track,” said Charles Brindamour, Chief Executive Officer of Intact Financial Corporation. “At an industry level, these events reinforce firm market conditions.” “While the third quarter is historically an active period for weather events, over the past 12 months catastrophe losses totaled $1.29 billion, modestly above our annual guidance of $1.20 billion,” said Ken Anderson, Chief Financial Officer of Intact Financial Corporation. “The Intact platform continues to demonstrate its resilience and strength, supported by a robust balance sheet and earnings profile that position us to deliver on our financial objectives and capture opportunities.” The table below provides a breakdown of the estimated catastrophe losses for the quarter: (in millions of Canadian dollars) Total Personal auto 52 Personal...

Nearly half of Canadians will leave homes unattended this fall or winter, with 71% concerned something could go wrong while they’re away Toronto, ON (Oct. 13, 2026) – As winter approaches, many Canadians are already planning on escaping the weather, leaving their home alone to face the elements. According to a new TD Insurance survey, nearly half of Canadians (48%) intend to leave their primary residence unattended for more than one day this fall or winter for a vacation, holiday, leisure trip or other reasons.  For cottage, cabin and other secondary property owners, that figure soars to 81%. While Canadians are largely confident they know how to prepare their homes before leaving, the poll also reveals a gap between preparedness and understanding what their insurance policy may require. Key findings from this TD Insurance survey: 25% of Canadians say they have experienced a property issue while away, rising to 62% among seasonal or secondary property owners. 48% of Canadians say they plan to leave their property unattended this fall or winter, yet only 61% know what their insurance policy requires when they are away. 86% of Canadians say they feel confident they can properly prepare their home before going away, but 71% still worry something...