Insurable Interest Canadian Insurance Blog

AI data centres and renewable energy investments could generate around USD 200 billion in cumulative commercial insurance premiums by 2030 Global investment super-cycle leads to larger and increasingly interconnected risks with more value concentration, geographic clustering, supply-chain dependencies and interconnected infrastructure Engineering-led underwriting, improved modelling and accumulation management as well as global risk sharing critical to supporting the next generation of strategic infrastructure Monte Carlo, Monaco (Sept. 5, 2026) – The global economy has entered a capital expenditure (capex) super-cycle, with surging investment in data centres, energy systems and other strategic infrastructure creating growing demand for commercial insurance. Swiss Re Institute estimates that AI data centres and renewable energy infrastructure alone could generate around USD 200 billion in premiums between 2026 and 2030. At the same time, the investment boom is creating larger and more concentrated risks, as assets cluster in the same locations and increasingly depend on shared infrastructure and networks. Gianfranco Lot, Swiss Re’s Chief Underwriting Officer P&C Re, says: “We are seeing the digital economy become a real economy. AI needs data centres, power grids and increasingly complex infrastructure – and all of it needs insurance. That creates growth opportunities across multiple lines of business, but also significant risk...

Dublin, Ireland (Aug. 28, 2026) – Aon, a leading global professional services firm, has released new analysis showing that global property and casualty insurers are entering a next phase of the market cycle from a position of strength and have an opportunity to convert recent profitability gains into long-term competitive advantage. The analysis marks the start of Aon’s Reinsurance Renewal Season, which helps insurers turn capital into growth. Aon’s third annual analysis of 120 global property and casualty insurers found that return on average equity (RoAE) reached 16.8% in 2025 – the highest level observed since Aon began tracking the cohort in 2009. The result marked the fifth consecutive year of RoAE improvement since the 2020 downturn, and was supported by stronger underwriting income, favourable market conditions and a relatively benign catastrophe year. The findings also show that market conditions are becoming more varied: the proportion of carriers increasing their RoAE year-on-year declined from 74% to 60%, while premium growth slowed for a fourth consecutive year to 5.2%, below the decade average and less than half the level recorded in 2021. The combined operating ratio improved to 91.1% – the lowest level of the decade – although performance dispersion widened across...

New GenAI capabilities for Legal Compliance & Analytics help legal teams accelerate review, reduce costs and improve defensibility at scale Florham Park, NJ (Aug. 27, 2026) — Conduent Incorporated, a global technology-driven business solutions and services company, is pleased to announce it is expanding its enterprise AI strategy by collaborating with Google Cloud and integrating Google’s Gemini models into Conduent’s Viewpoint™ platform. The collaboration represents another milestone in Conduent’s strategy to embed GenAI across its technology platforms, helping clients modernize complex, essential workflows while improving speed, quality and operational efficiency. Corporate legal departments are under increasing pressure to review growing volumes of structured and unstructured information while controlling costs, reducing risk and meeting tighter deadlines. By combining Conduent’s decades of legal operations expertise with Google Cloud’s AI technologies, organizations can analyze complex datasets faster, improve decision-making and deliver more defensible outcomes across eDiscovery and data breach response. “Enterprise AI is not about replacing expertise, it is about amplifying it,” said George Wehbe, President, Commercial Solutions, Conduent. “Legal professionals are being asked to review exponentially more information with the same resources. By combining Conduent’s legal operations expertise with Google Cloud’s AI capabilities, we’re helping clients make faster, better-informed decisions while maintaining...

By FRISS — Almost universally, practitioners understand that AI represents a step-change in fraud detection capability. The proof of value exists, and the threat landscape that demands it is well understood. Yet the operational reality remains: the overwhelming majority of insurers are not yet equipped to respond. The cost of that gap is not abstract; it is being paid in claim losses, manual inefficiency, and competitive disadvantage every single day. What makes the adoption gap particularly striking is that this is not a story of ignorance. The issue is not awareness, but execution. The barriers are real, the path is understood, and early adopters have already demonstrated what is possible. What is missing in most organizations is the collective will and the structural conditions required to close the distance between knowing and doing. Where Organizations Actually Stand 9% – Fully implemented AI or ML in fraud detection (this is the only bracket that represents genuine, scaled operational protection) 36% – In pilot / partial deployment 36% – Planning to implement 19% – No current plans The adoption picture breaks into four distinct groups. Thirty-six percent of insurers are in the pilot or partial deployment phase, meaning concrete steps have been...