Insurable Interest Canadian Insurance Blog

Foresters Financial expands simplified issue underwriting, enabling up to $500,000 in affordable no-medical coverage for Canadians with prior health conditions Toronto, ON (June 9, 2026) – Canadians living with conditions such as cancer in remission, managed diabetes or a past cardiac event have often faced limited access to meaningful life insurance coverage, even as their health has improved over time. Foresters Financial™ is helping to change that. Through its Canada Protection Plan® line of simplified issue products, the organization has enhanced its A-Z Life Coverage application to widen eligibility, streamline the experience and help more people qualify for affordable no-medical life insurance. Canadians may now be eligible for up to $500,000 with day-one coverage.[1] “Even with a health diagnosis, the need for life insurance protection remains the same,” said Michael Aziz, Chief Distribution Officer, Canada, Foresters Financial. “These enhancements are about meeting people where they are. More Canadians who once assumed coverage was out of reach, or who settled for less than they needed, can now qualify for real, day-one protection for the people who depend on them.” What’s changed The enhanced A-Z Life Coverage application introduces expanded eligibility criteria and updated look-back periods across several key conditions. These updates...

London, UK (June 9, 2026) – WTW, a leading global advisory, broking and solutions company, has announced its acquisition of Redefind, an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets. This investment reflects WTW’s long-term strategy to expand into next-generation protection solutions for clients exposed to digital finance, crypto ecosystems and tokenised asset environments. The proposition launches as a non-custodial, cost-of-recovery insurance solution, intended to support digital asset owners in the event of theft or loss. Coverage is designed to support expenses associated with forensic investigation, asset tracing, and legal recovery of stolen digital assets. As part of the acquisition, Redefind’s founders, Richard Daws and Connor Edward joined Willis upon completion of the transaction. The service will initially launch in the UK, with broader market and product expansion planned as capabilities continue to evolve. Alastair Swift, head of global specialities at Willis said: “As digital assets continue to move further into the mainstream, demand for credible regulated protection solutions is increasing. Through this investment, WTW is taking a leading position to shape the future of risk transfer and protection in the digital economy. “We are committed to supporting clients in navigating emerging financial...

Rising Complexity, Cyber Risk, Member Expectations and Ecosystem Convergence Elevate Cloud-Native, AI-Enabled Platforms as a Strategic and Operational Mandate Morristown, NJ (May 5, 2026) – Majesco, the insurance and retirement & pension industry’s foremost innovator in cloud-native, AI-native software, is pleased to announce the release of its new thought leadership report, Technology Trends Shaping Retirement & Pension Administration and Pension Risk Transfer (PRT). The report highlights how member demographic shifts, regulatory pressure, cyber threats, and converging pension–insurance–PRT ecosystems are turning modernization into a strategic and operational mandate for public-sector, private, and multi-employer retirement organizations. Based on the Retirement Plan Administration Technology Trends survey of senior leaders across state and local retirement systems, transit authorities, utilities, school systems, and other public-sector entities, insights from an executive panel and a detailed case study with a retirement & pension organization,  the report reveals an industry under intensifying pressure to modernize aging and manual administration environments while strengthening trust, transparency, and resilience. “Retirement and pension systems are the operational backbone of the social contract — and that backbone is being rebuilt, in real time,” said Denise Garth, Chief Strategy Officer at Majesco. “Administrators can no longer rely on fragmented, manual, legacy environments and expect...

Singapore (June 8, 2026) – Employers face a growing challenge as artificial intelligence (AI) reshapes how work is done, with new research from WTW highlighting a rise in the ‘fear of becoming obsolete’ among employees. WTW’s 2026 Employee Experience (EX) Global Market Study points to a widening gap between the pace of technological change and employee readiness. While AI adoption is accelerating rapidly, many organisations are not yet equipped to support their workforce through the transition. According to the study, 59% of employers expect AI to fundamentally change how employee experience is messaged, managed and delivered within the next three years, rising to 89% over the next decade. At the same time, the share of work handled through automation and digital tools is expected to more than double, from 14% today to 31% within three years. The study finds that this creates fertile ground for employees to fear they will become obsolete, as they question their relevance in a more automated workplace. To counter this, WTW has identified the need for employers to shift from only measuring employee engagement, as an indicator of how people feel about their work and their willingness to give effort, to employee impact, as a measure...

Waterloo, ON (June 2, 2026) – OpenText™, a global leader in data management for enterprise AI, is pleased to announce it has joined the OECD’s Hiroshima AI Process (HAIP) Reporting Framework, the international mechanism where organizations demonstrate alignment with the G7’s voluntary code of conduct for the safe development and deployment of advanced AI. “Trust in AI begins with the data underneath the model and how it is governed, protected and contextualized,” said Ayman Antoun, Chief Executive Officer of OpenText. “OpenText has been building that foundation for 35 years. Our participation in HAIP is a natural extension of that commitment and ensures the emerging global framework reflects the realities of enterprise-grade agentic AI deployment.” The move positions OpenText, steward of human, machine and transactional data for more than 120,000 enterprises and governments in 180 countries, as an active participant in ensuring agentic AI can be trusted and drive measurable value for public and private sectors alike. More than $15 trillion (CAD) in annual B2B commerce flows through OpenText’s Business Network, and the company manages the unstructured content and machine-generated operational data that regulated enterprises run on every day, giving it a data foundation of exceptional breadth to bring to the...