Insurable Interest Canadian Insurance Blog

By Juan Mazzini, Global Head of Celent — Artificial intelligence is no longer a “future of insurance” headline. It is already reshaping how carriers, reinsurers, brokers, and MGAs build products, run operations, and make decisions. The real question now is not whether AI will matter, but how quickly organizations can translate it into measurable outcomes—without breaking trust, compliance, or culture. During Reinsurance Week Miami 2026, I had the chance to moderate and contribute to a panel organized by MIA Hub and hosted within a dedicated space built for the week by BlueCap. The panel brought together our perspectives across technology, operations, and people, with the key participation of Alejandro Ceron, Founder of SP&E Consulting; Antonio Lizano, Regional Director LATAM at Sunlight Solutions; and Ivan Hernandez, CEO of Rocket Code. Below are the most practical themes that emerged—especially relevant for insurers, reinsurers, and brokers/MGAs looking to move from experimentation to enterprise value. 1. The biggest obstacle isn’t the model—it’s problem definition A recurring point: many AI initiatives still start with a vague mandate (“we need AI”) rather than a crisp business problem. That leads to pilots that look impressive but don’t change outcomes. The organizations getting traction are the ones that...

Toronto, ON (Apr. 27, 2026) – Aon, a leading global professional services firm, has released its Spring 2026 Canadian Insurance Market Update. Published in support of Aon’s ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs, the report finds that the Canadian Property and Casualty (P&C) market enters 2026 from a position of strength, underpinned by solid capitalization, strong underwriting performance and a competitive landscape that continues to grow. “Capacity is ample across many lines and both domestic and international insurers are actively deploying limits into Canada,” said Russell Quilley, head of Commercial Risk and chief broking officer in Canada for Aon. “For many organizations, this is translating into more favorable pricing, broader coverage and greater flexibility to reshape program structures that were constrained in prior years. At the same time, the risk environment remains complex. Current conditions represent an important window for client to strengthen their insurance and risk financing programs.” Other key findings include: The Canadian P&C market remains well capitalized, with ample capacity and ongoing competition supporting favorable outcomes for many buyers. However, climate-driven catastrophe activity, supply chain fragility, social inflation, cyber threats and geopolitical tensions continue to drive volatility in...

Serenia Life is First-to-Market for Empathy’s Legacy Planning Platform for Canadian Families New York, NY (Apr. 9, 2026) – Empathy, the leading technology platform transforming how families prepare for and navigate life’s most difficult moments, is pleased to announce the launch of its digital legacy planning platform, Empathy LifeVault™ in Canada, coming first-to-market with Serenia Life, a leading member-based life insurer. LifeVault provides a secure platform for legacy planning, making it possible for users to create and manage legally valid documents such as Wills, Powers of Attorney, and Advance Care Directives. In April, Empathy released The Hidden Barriers to the Great Wealth Transfer Report, which detailed the critical barriers blocking families from effectively preparing legacy plans. The data found that many families lack the documents required for a smooth transition. For example: Only a third of Canadian families have formal estate plans (33%), and even less have financial plans (29%) in place More than half (52%) of Canadian families say existing documents are incomplete, outdated, or simply unfindable Over 1 in 4 of Canadian families simply rely on informal or verbal plans, which offer no legal protection and are not formally documented anywhere “At Empathy, we’re dedicated to supporting families...

Toronto, ON (Apr. 23, 2026) – Markel, the insurance operations within Markel Group Inc., is pleased to announce the launch of two new combined environmental insurance solutions designed to simplify coverage placement and address the complex liability exposures faced by manufacturers and environmental service firms across Canada. The new offerings provide streamlined access to broad, integrated coverage under a single policy form, helping reduce gaps and simplify placement while responding to the evolving environmental risk landscape faced by manufacturers and environmental service firms. They reflect Markel’s continued focus on strengthening its specialty capabilities in Canada and supporting brokers with practical solutions to emerging environmental exposures. Combined Form for Manufacturers The Manufacturers Combined Form is designed for a wide range of manufacturing operations and integrates multiple critical coverages, including: General liability Premises pollution liability Products pollution liability Transportation pollution liability Non-owned disposal sites This solution is geared toward manufacturers of all types, addressing pollution and liability exposures arising from production, distribution, transportation, and waste-disposal activities. Combined Form for Environmental Contractors and Consultants The Environmental Contractors and Consultants Combined Form delivers comprehensive protection for firms providing environmental services, combining: General liability Contractors pollution liability (CPL) Errors & omissions (E&O) Non-owned disposal sites...

Company to offer new public-sector solutions amidst projected increased civil projects nationwide and ever-increasing pressures from extreme weather Nisku, AB (Apr. 22, 2026) – Tributary Public Risk (TPR) has formally launched operations as the first Canada-domiciled insurance provider purpose-built to serve public sector organizations. Tributary Public Risk was established to address the distinct risk, governance, and procurement needs of municipalities, schools, crown agencies, and other public entities. Operating through licensed insurance brokers, the organization applies a data-driven underwriting approach supported by service standards aligned with public sector expectations. The launch comes amid sustained investment in public infrastructure across Canada. According to forecasts from ConstructConnect, civil construction is expected to be the primary driver of Canada’s construction market through 2027, growing by approximately 26 per cent and increasing from $32.6 billion in 2025 to an estimated $41 billion by 2027. Civil projects are projected to account for nearly half of all non-residential construction activity nationally, reflecting a growing emphasis on public infrastructure delivery. At the same time, Canadian public entities are facing increasing financial exposure from extreme weather and natural disasters. According to Catastrophe Indices and Quantification Inc. (CatIQ), insured losses from severe weather events exceeded $2.4 billion in 2025, making...