Insurable Interest Canadian Insurance Blog

Technical language (37%), affordability concerns (35%), and lack of relevance to life stage (25%) among top barriers to purchasing life insurance Half of consumers plan to use generative AI tools to discover and compare life insurance products Nearly 40% of policyholders rarely hear from their life insurer after purchasing a policy, while half of those who discontinue coverage do so within the first three years Best-in-class life insurers, representing 10% of the industry, achieve 41% higher revenue growth and 12% lower lapse rates by combining consumer-led strategies with intelligence-powered operations Paris, France (Sept. 17, 2026) – The life insurance industry is facing a relevance challenge. While consumers recognize the importance of financial protection, many struggle to see how life insurance fits into their lives, preventing insurers from building lasting customer relationships. The World Life Insurance Report 2027, researched jointly by the Capgemini Research Institute and LIMRA, finds that 47% of consumers say they are considering purchasing a life insurance policy, yet more than 40% of those feel confused, uncertain, or unconvinced with the information they find. As a result, one in four drop out of the purchase journey before completion. The report, which surveyed more than 6,100 consumers worldwide, discovered...

By the ReSource Pro Editorial Team — When insurance organizations talk about insurance distribution automation, the conversation gravitates almost immediately toward speed. How fast can a submission move through the pipeline? How quickly can a policy be checked and issued? These are legitimate efficiency questions, but they are also the wrong questions to anchor strategy in 2026. Key Takeaways for Distribution Leaders: The real threat: Competitors using AI to eliminate low-value work and focus on client advisory. The orchestration layer: Controlling how AI components connect to serve the client is now a strategic asset. The ReSource Pro view: Standardizing back-office operations is required to capture the advisory advantage. A panel discussion at InsurTech NY’s Spring Conference† surfaced something that many distribution leaders sense but rarely state plainly: the industry has been automating the wrong things first. Backend reconciliation, margin efficiency, data entry between systems — these are getting faster. The front-end advisory work that actually determines whether a client renews, refers, or defects is largely untouched. The problem is structural, not just tactical This distinction matters most to agency principals, COOs, and distribution strategy leaders. The value of a commercial lines broker has never actually been a fast submission. It has been the...

Khosla Ventures leads the round as Nara Health crosses $600M in processed claims and more than 25,000 members on its health plans Nara (formerly Avant Health) is an AI-native benefits administrator revolutionizing healthcare through technology. We’re building an AI tech stack for the healthcare benefits ecosystem that makes quality care more accessible and affordable. Chicago, IL (Sept. 14, 2026) – Nara Health, the AI-native Third Party Administration platform rebuilding health insurance from the ground up, is pleased to announce $14 million [USD] in total funding across a pre-seed and seed round led by Khosla Ventures, with participation from Long Journey Ventures and Superior Studios, along with other investors and angels. 170 million Americans get health coverage through work each year, yet most struggle to use it. The average family premium was $27,000 last year, leading nearly half of insured Americans to skip healthcare altogether because they can’t afford it. Despite employers spending tens of thousands of dollars per employee annually on health benefits, the American healthcare experience remains slow, confusing, and reactive, held together by manual processes and fragmented software that reviews paperwork, processes claims, and leaves patients on hold when they call for answers about their coverage. Nara Health is...

Accelerated progress is needed now as Canada intensifies its efforts to attract investment and strengthen its economic competitiveness across all sectors New York, NY (Sept. 10, 2026) – Deloitte Canada is pleased to announce the release of a new report series, Smarter Regulation: Unlocking Canada’s growth potential, which examines how regulatory modernization can help address Canada’s persistent productivity and competitiveness challenges. At a time when businesses are navigating economic uncertainty, global trade changes and slowing investment, the research finds that increasingly complex and fragmented regulatory requirements are limiting Canada’s ability to drive economic growth, foster innovation, and deliver on national priorities. “This new Deloitte series underscores the critical role that smart and effective regulation plays in driving and protecting investment, enabling innovation, and supporting economic growth for our country,” said Nino Montemarano, a Regulatory and Risk leader at Deloitte Canada, and lead author of the series. “Regulatory modernization is a powerful, controllable policy tool as Canada navigates heightened trade and geopolitical uncertainty. It’s imperative that the country’s regulatory framework is efficient, coordinated, and designed to reduce unnecessary complexity and unlock economic growth across all sectors.” As external economic pressures continue to create uncertainty, Canada must focus on controllable barriers to...