Insurable Interest Canadian Insurance Blog

New AI risk framework—built with leading MSPs, cybersecurity experts, and re/insurers and brokers—enters pilot as carriers move toward affirmative AI coverage for small and mid-market businesses Atlanta, GA (Sept. 10, 2026) – SPECTRA, the cyber risk management platform behind the first and only robust certification of cyber resilience for Managed Service Providers (MSPs), is pleased to announce an AI risk framework of 20 AI deployment controls, giving MSPs, their small and mid-market business customers, and the insurers who cover them a common standard of insurability for the deployment of AI. Over the last 12 months, the MSP industry has moved quickly from viewing AI as transformative for the channel and its customers to focusing on safe, scalable deployment that generates recurring revenue for MSPs. AI was the single most prominent topic at Pax8 Beyond, GTIA ChannelCon, CRN XChange and other major channel events this summer. SPECTRA expects the shift to create an opportunity for MSPs on the scale of the cloud migration that reshaped the channel two decades ago. Operating where managed cybersecurity and insurance converge, SPECTRA has seen MSPs of all sizes accelerate their go-to-market for deploying and securing AI as customers rush adoption into their operations. At the...

As Global Disaster Losses Top $200 Billion a Year, a New Report from the Milken Institute Identifies Pathways for Greater Investment in Resilience Against Extreme Weather Events A Financial Innovations Lab project identified key building blocks of a resilient community and developed financial, policy, and partnership pathways to achieve them Washington, DC (Sept. 9, 2026) – The Milken Institute, a nonpartisan, nonprofit U.S. think tank, has released a new report produced in partnership with leading global professional services firm Marsh. The research, based on findings from a recent Financial Innovations Lab, comes at a time when communities worldwide find themselves facing a new and expensive reality of extreme weather events they cannot withstand. Across the world, disaster losses are now in excess of $200 billion a year for the last ten years. The LA Fires, with estimated damage between $76 billion and $131 billion in economic losses, was the most expensive natural disaster last year. The report comes amid increasing weather risks across the world with devastating effects on livelihoods and communities putting pressure on future balance sheets. Globally, uninsured losses now account for more than half of total disaster losses worldwide. Rebuild and recovery are taking longer, with cascading...

Nearly three-quarters of organizations say process-related challenges have caused AI initiatives to fail, and it is costing them millions 8 in 10 organizations say their AI investments will be a bust without more investment in process re-design San Francisco, CA (Sept. 8, 2026) – New research from Camunda, the enterprise platform for agentic orchestration, has revealed how broken business processes are causing AI initiatives to fail at a staggering rate. According to the report, The AI Process Gap, 72% of organizations say that process-related challenges have caused AI initiatives to fail at an average cost of $1.55 million per business. Furthermore, another three quarters (72%) say that AI costs will spiral unless they gain better control over their business processes, with 82% believing that their AI investments will be a bust without more investment in process re-design. The report highlights how many organizations are attempting to bolt AI onto business processes, which weren’t built in the AI era, vs taking the outcome-centric approach and re-designing them from scratch. That’s because 79% of organizations state that adding AI onto existing processes creates less internal resistance, with 82% saying adapting all their most important processes for AI will take up to five...

Unmasking fraud: New platform combines advanced detection, investigation and management capabilities into a single modular solution, helping insurers detect, investigate and disrupt fraud with tools tailored to their unique risk profiles London, UK (Sept. 8, 2026) – Verisk, a leading strategic data analytics and technology partner to the global insurance industry, is pleased to announce Verisk Fraud Discovery, a fraud prevention platform that unifies fraud intelligence, advanced analytics, network analysis, digital media forensics, and case management into a single, scalable solution. The launch comes at a time when insurance fraud is evolving rapidly, with economic pressures driving more opportunistic fraud and organised fraud networks increasingly exploiting technology and data gaps to evade detection. In 2024, UK insurers detected £1.16bn in fraudulent claims across 98,400 cases, an industry estimates a similar amount may go undetected. As fraud networks become more sophisticated, insurers are seeking connected intelligence, investigation and case management capabilities that help reveal patterns and relationships that might otherwise remain hidden. “The insurance industry is facing increasingly complex fraud risks that often span multiple parties, claims and points in the insurance journey,” said James Burge, Global Head of Fraud at Hiscox. “As fraud becomes more organised and interconnected, insurers need...

2026 Healthcare AI Readiness Index finds that healthcare organizations are adopting AI faster than they’re building the governance and cybersecurity frameworks needed to use it safely 70% of surveyed healthcare organizations have begun using AI, but fewer than 40% have detailed policies governing employee use Just 42% of payers and 32% of providers feel “very prepared” to respond to AI-assisted cyberattacks 90% expect investment in AI and cybersecurity to increase over the next year New York, NY (Sept. 8, 2026) – Cotiviti, The Healthcare Infrastructure Company™, and MedCity News, the leading online news source for the business of innovation in healthcare, are pleased to announce the results of their 2026 Healthcare AI Readiness Index, which found that healthcare organizations are adopting AI faster than they’re building the governance and cybersecurity frameworks needed to use it safely. Conducted in summer 2026, the Index tapped into the perspectives of payer and provider organizations to assess AI adoption, governance and cybersecurity preparedness and better understand how healthcare leaders are balancing AI’s potential with the operational, regulatory and security challenges accompanying its deployment. The Index found that more than 70% of respondents have begun using AI tools, with nearly 40% of health insurers describing...