Insurable Interest Canadian Insurance Blog

As the market consolidates around acquired AI, Insurity argues the defining question of the next decade isn’t whether carriers have AI, but whether they control the intelligence that runs their business Hartford, CT (Nov. 4, 2026) – Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, is calling on the insurance industry to rethink who controls the intelligence powering its core operations. As core platform providers race to acquire AI capabilities and integrate them into existing systems, Insurity is reaffirming its AI-native strategy that gives carriers greater control over their models, data, and decisions, with governance and auditability that operate independently of any individual AI model. The wave of AI acquisitions confirms what the industry already knows. AI is no longer a differentiator in core insurance technology, it is the baseline. As AI becomes embedded in underwriting, pricing, and claims, the ability to maintain control over the intelligence making those decisions, and the cost of changing it, will increasingly determine how insurers compete and innovate. “Every major technology shift in insurance has created a new form of lock-in, and AI is on track to create the most consequential one yet,” said Jatin Atre, Chief Executive Officer...

More than one-quarter are more anxious about the financial impact of a critical illness than the illness itself Nearly three-quarters (72%) of Gen X Canadians are worried about a critical illness diagnosis More than one-third (35%) of working Canadians estimate their savings would be exhausted within six months if they were unable to work due to a serious illness or injury One in five (20%) working Canadians are unsure how they would cover living expenses if they could not work for six months or more due to a serious illness Toronto, ON (Oct. 28, 2026) – Canadians are increasingly worried about being diagnosed with a critical illness or condition such as life-threatening cancer, stroke or heart attack, according to a new RBC Insurance survey. Concern about critical illness rose 10 points from 57% in 2025 to 67% in 2026, while the proportion of Canadians who are “very concerned” (25%) also climbed nine points in just one year. Gen X is most likely to be worried, with nearly three-quarters (72%) concerned about a critical illness diagnosis. Are Canadians financially prepared to face a critical illness? Despite the growing concern, only 10% of Canadians reported they currently have critical illness insurance –...

Insurers gain speed and precision across the insurance lifecycle to launch products faster, assess and price risk more effectively, and resolve claims sooner San Mateo, CA (Oct. 27, 2026) – Guidewire has launched a new platform approach to agentic insurance, giving insurers an open, secure, and complete foundation for putting AI to work across the insurance lifecycle. By bringing together the applications, data, workflows, and controls insurers need, Guidewire sets out a practical model for moving from isolated AI experiments to governed agents that improve the speed and precision of insurance decisions and actions. “Insurance is a business of decisions and actions made in context,” said Mike Rosenbaum, chief executive officer, Guidewire. “By embedding agentic capabilities where insurers already run their core operations, Guidewire gives agents the context and controls they need to work with speed and precision on a proven durable foundation.” Guidewire agents run on the same trusted platform as its core applications and work with an insurer’s current data and workflows. For agents to work effectively, they need to know what is true, what has already been done, and what they are allowed to do. The platform’s controls enforce those boundaries with consistent security and a clear audit...

New document-review agents flag missing, inconsistent and unsupported information in claims, case files and regulatory submissions, with human oversight and a full audit trail built in Waterloo, ON (Oct. 27, 2026) – Expeflow is pleased to announce it has launched governed AI agents for document review. The agents help regulated organizations catch errors, gaps and inconsistencies in high-stakes documents before those problems turn into delays, compliance exposure or costly rework. The agents check each document against approved sources, systems of record and policies. They flag contradictions, missing data, incomplete sections and unsupported claims. Every finding links to the evidence behind it, so reviewers can see what was flagged, why it was flagged and what needs follow-up. “Organizations need to process more information without taking on more risk,” said Terry Stepien, CEO of Expeflow. “Our document-review agents add a controlled verification layer to document-driven work. Teams catch issues earlier, skilled reviewers spend their time on the exceptions that matter, and there is a clear record of how every finding and decision was reached.” Built for regulated, document-heavy work Expeflow is designed for workflows where inaccurate or incomplete information carries real consequences. These include healthcare and financial administration, insurance claims, applications, contracts,...

CIOs Must Strive to be Vanguards, a Cohort That Delivers Better Business Outcomes While Also Reporting High CEO-Perceived AI Value Stamford, CT (Oct. 26, 2026) – Only 13% of CIOs reported their enterprise has realized significant or transformational value from AI so far according to Gartner, Inc., a business and technology insights company. While AI use cases have accelerated over the past two years, the likelihood of use case success remains one in five. Speaking at Gartner IT Symposium/Xpo, Alicia Mullery, VP Analyst at Gartner, said, “Volume is not value. AI is creating a reckoning for organizations that lack fundamental disciplines, such as defining use-case value ahead of time and establishing criteria for when to walk away.” The Gartner 2027 CIO and Technology Executive Agenda survey of 2,002 CIOs and technology executives from May to July 2026 found that vanguards, defined as CIOs who are delivering better performance on business outcomes while also reporting high CEO-perceived AI value, are more likely to establish stopping rules at two points in the lifecycle: pilots and production. Defining these guidelines becomes essential as organizations rapidly transition from initial experimentation to active deployment across GenAI, traditional AI and AI agents. Organizations with guidelines for determining...