Insurable Interest Canadian Insurance Blog

Introducing “Mod Squads” – Outcome-based human-agent pods under a subscription pricing construct Coforge introduces AI Mod Squads, a subscription-based delivery model that replaces traditional Time & Materials (T&M) with outcome-driven pricing, faster time-to-market with full cost predictability. Enterprises can assemble custom AI-native teams tailored to industry and engineering workflows, enabling autonomous, scalable execution with proven impact Princeton, NJ (Apr. 8, 2026) – Coforge, a global AI-native engineering services leader, is pleased to announce the launch of AI Mod Squads – a new delivery model with a simple monthly subscription fee. Mod Squads combine pre-built AI agents with specialized AI engineers to deliver dramatically faster time-to-market at a lower cost for clients. Customers can create their own AI-powered teams by selecting a set of pre-built AI agents for their use cases. Coforge is offering a comprehensive suite of 130+ agents across two categories: Industry-specific agents: Designed to handle tasks like fraud detection for banking, claims triaging for insurance, and weather alert management for airlines. Engineering-focused agents: Designed to execute legacy code reverse engineering, automate quality assurance, fix incident tickets, and more. The agents can be deployed in either customer hosted AI infrastructure, or in Coforge hosted Forge-X agentic infrastructure that includes...

XYZ Venture Capital leads $1.7M USD pre-seed round as Felix expands its AI automation builder across legal, finance, and insurance industries Prague, Czech Republic (Apr. 7, 2026) – Felix (felix.so), the AI workflow platform designed to run complex professional services operations without constant human oversight, has announced $1.7M in pre-seed funding led by XYZ Venture Capital, with participation from angel investors including current and former leaders and founders at Amazon, Apple, Palantir, FlexPort, Yelp and Midjourney. Already deployed at major legal, finance, and insurance firms, the company will use the funding to expand product capability and scale its rapid growth. Felix enables professionals in highly regulated and complex industries to turn institutional knowledge into automated workflows that only need to be built once. Users describe and refine their desired process in plain language, while Felix automatically deploys code to execute the workflow continuously — with built-in checkpoints, audit trails, and deterministic outputs. For example, Advocate, a New York-based risk management firm, used Felix to eliminate a backlog of over 50,000 mortgage insurance policies in three weeks — a feat that would have taken over 10 years to manually process. Now, they’re running Felix continuously to prevent any future backlogs. The...

Toronto, ON (Mar. 31, 2026) – A new report from GreenShield shows that when mental health coverage and care are integrated, Canadian employers can achieve a meaningful return on investment, while improving access to care and outcomes for employees. The report, When coverage meets care: unlocking ROI through integrated mental health support, finds that offering insurance and mental health support through a single, connected model enables faster access to effective care and reduces downstream costs. GreenShield observed that for every dollar invested in integrated mental health coverage and care, $1.50 was returned through lower mental health claims by year two, even before accounting for the impacts of absenteeism or disability. Employers also saw members access support more quickly and experience greater continuity of care, contributing to measurable clinical improvements. As Canada’s only national non-profit health care and insurance company, GreenShield combines coverage and care to improve health care access, convenience, integration, and outcomes for Canadians, in service of its social mission of Better Health for All. Operating across both benefits and care delivery enables GreenShield to generate insights through GreenShield+ – a seamlessly integrated health care and insurance solution – that help employers and policymakers understand what drives more effective...

More than 90 percent of executives view managed services as essential for agentic AI delivery Eighty-seven percent of respondents have already woven managed services directly into their plans for digital transformation Leaders cite AI capability as their top consideration in managed services, followed by overall tech proficiency, data expertise, and a strategic transformation mindset Fifty-six percent of buyers cite AI management as their top priority for managed services investment over the next two years, followed by cybersecurity at 33 percent Managed services is now a strategic priority for 99 percent of organizations, with two‑thirds expecting the model to drive major operating, business, and strategic impact within 24 months London, UK (Apr. 7, 2026) – In the race for agentic artificial intelligence, companies have discovered a new shortcut: managed services. More than 90 percent of executives now view this model as an essential engine for agentic AI delivery, helping companies leapfrog the technical debt and talent gaps that often stall AI investment. That’s according to the global KPMG Managed Services Outlook Survey 2026, with research and analysis by IDC, which explores the use of managed services by 1,200-plus senior leaders. The survey finds that managed services are not on the sidelines; they...

New release empowers carriers with streamlined workflows, intelligent automation, and performance enhancements to accelerate growth and reduce operational friction Morristown, NJ (Apr. 7, 2026) – Majesco, the insurance industry’s foremost innovator in cloud and AI-native software, has announced its Spring ’26 Release, a bold step forward in helping insurers simplify and optimize operations, move faster, and unlock greater business value from their core systems. Built on customer feedback, this release addresses key pain points across Majesco’s product portfolio enabling insurers to eliminate operational friction and time to focus on high-value activities that deliver business and customer value amid evolving market demands. “Spring ’26 marks an important step forward for our customers as they navigate increasing complexity and rising expectations across their businesses,” said Manish Shah, President and Chief Product Officer at Majesco. “This release advances Majesco’s vision for intelligent, connected, and AI-powered core operations built around intelligence on tap, human–agent teams that enable insurers to scale rapidly, operate with agility and resiliency, and generate business value faster than traditional companies by deeply integrating AI in business processes across the value chain.” Built around the theme Redefine Possible, the Spring ’26 Release introduces new capabilities designed to reduce friction, improve visibility,...

Malvern, PA (Apr. 2, 2026) – The Insurance Information Institute (Triple-I), in partnership with Fenix24, is pleased to announce the publication of a new report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain: Cybersecurity for Insurers: Squaring Safety with Service. The report found that while property/casualty insurers have made impactful cybersecurity investments, gaps remain in areas including patching cadence, authentication practices, and recovery testing, which are all weaknesses that could complicate responses to today’s threat environment. The report draws on a series of conversations with insurance industry executives, with questions aligned to best practices, regulatory requirements and security controls commonly required in cyber insurance underwriting. “Insurers occupy a paradoxical position in the cybersecurity landscape,” said Sean Kevelighan, CEO, Triple-I. “They assess cyber risk for policyholders and establish security requirements as conditions of coverage, yet they also need to demonstrate their own cybersecurity practices meet or exceed evolving standards.” “Most organizations have tested their recovery plans for natural disasters or standard IT outages, but not for ransomware attacks,” said Mark Grazman, CEO of Fenix24. “Understanding what actually happens in a ransomware scenario is critical to architecting true resiliency. It’s not just backups at risk,...