Insurable Interest Canadian Insurance Blog

BrokerLink acquires InsuranceHero.ca, Levitt Insurance, and Rizk Insurance Triple acquisition reinforces company’s ongoing commitment to providing insurance solutions within communities across Canada, large and small, and serving customers the way they choose, in person, online or by phone Toronto, ON (Feb. 12, 2026) – Building on a strong start to the year, BrokerLink has further expanded its presence in Ontario and Alberta with the acquisitions of InsuranceHero.ca, Levitt Insurance Brokers Ltd. (Levitt Insurance), and Rizk Insurance Services Ltd. (Rizk Insurance). All three brokerages joined BrokerLink March 1, 2026. Expanding across Ontario For more than a decade, InsuranceHero.ca has served customers across Ontario with a digital first, customer-driven approach. Founded in 2011, the brokerage combines the convenience of online tools with personalized support, streamlining the insurance experience through technology and automation. Specializing in personal insurance and supporting select commercial sectors, InsuranceHero.ca has continued to grow while staying rooted in its communities and contributing to local initiatives such as the Golf Marathon Sudbury and regional healthcare programs. Founded in 1990, Levitt Insurance has built its reputation on delivering tailored personal and commercial insurance solutions across Ontario. While the brokerage primarily serves personal insurance customers, it also brings strong expertise in contractor and...

San Francisco, CA (Feb. 23, 2026) – Uber Technologies, Inc. is pleased to announce the launch of Uber Autonomous Solutions, a comprehensive suite of unique services and capabilities that are already helping partners to build and successfully commercialize autonomous vehicles in multiple markets around the world. “Autonomous technology has remarkable potential to make transportation safer and more affordable,” said Dara Khosrowshahi, CEO. “Innovation in autonomy is moving quickly, but meaningful commercialization will take much longer. For more than a decade, Uber has helped set the standard for on-demand mobility and built the capabilities that make ‘push a button and get a ride’ work at global scale. With Uber Autonomous Solutions, we’re externalizing these hard-won competencies for our partners.” Beyond just getting access to Uber’s leading demand marketplace, Uber Autonomous Solutions goes further—providing the capabilities required for true end-to-end commercialization, reducing cost per mile while increasing speed to market. They also bring comprehensive product development and support capabilities, designed to make autonomous trips more reliable for users and more economical for operators. “AV tech teams should be able to focus on what they do best: building software that can safely power an autonomous world,” said Sarfraz Maredia, Global Head of Autonomous...

Waterloo, ON (Feb. 19, 2026) – How London Market insurers harness new digital technology to improve speed, integration and ease of doing business, is a major determinant on where brokers place their business, according to new research from Guidewire. The inaugural Guidewire London Market Tech Barometer – a survey of more than 250 insurance brokers who deal primarily with London Market insurers – revealed that nearly four in five (78%*) brokers surveyed say insurer technology plays a decisive or highly significant role in where they place risk. This is even more significant among senior brokers and director-level respondents, demonstrating that this is not merely an operational nice-to-have, but a strategic filter applied by experienced decision-makers. When asked to identify the single biggest impediment to modernisation in the London Market, reliance on outdated technology ranked the highest (24%). In a softening market, the survey suggests brokers are becoming more attuned to efficiency and increasingly favour technologically advanced insurers. Among the other key report findings: Firms not waiting for Blueprint Two: A considerable number of respondents (78%**) indicate that they are proceeding with their own technology strategies regardless of the Blueprint Two timeline. Among those moving ahead independently, 31% of respondents express...

Insurity has expanded Billing-as-a-Service, making the platform the most cost-effective and seamless way to manage insurance billing at scale Hartford, CT (Feb. 19, 2026) – Insurity, a leading provider of cloud-based software for property and casualty insurance carriers and MGAs, has announced major advancements to its Billing-as-a-Service platform, establishing it as a lower-cost model for billing than running operations internally. The expansion directly addresses the long-held belief that internal billing operations are the most economical option for carriers and MGAs. By centralizing payments, collections, and reconciliation on a single standardized platform, Insurity reduces the hidden operational costs, staffing requirements, and system maintenance burdens that often make in-house billing more expensive than it appears. Insurity Billing-as-a-Service is built on a cloud-native architecture with deeper enterprise-grade banking integrations and a modern user experience designed to support scale, performance, and evolving payment needs. Rather than relying on fragmented, customized systems that are expensive to maintain, customers operate on one shared services platform that supports direct bill, agency bill, and complex billing structures without bespoke builds. As volume grows, the cost per transaction declines, allowing insurers to scale without adding billing headcount or infrastructure. “Many smaller carriers, mutuals, and MGAs believe billing is cheaper...

Toronto, ON (Mar. 9, 2026) – Canadians are concerned about fraud in the insurance industry, from the threat on a personal level to the industry-wide costs resulting from staged collisions, inflated claims, and more, according to the results of a new survey commissioned by Aviva and conducted by Nanos Research. Nationally, more than one-third of respondents (37.8 percent) ranked ‘Cyber crime/online scams/identity theft‘ as the most concerning risk influencing insurance; it was followed by ‘Auto theft‘ at 15.7 percent, ‘Home invasions‘ at 12.1 percent, and ‘Flooding‘ at 10.6 percent. No other risk was ranked first by more than six percent of respondents. For 3.7 percent of respondents, ‘Insurance Fraud‘ was the most concerning risk influencing insurance, with clear regional and demographic variations. In BC, fraud was ranked highest by respondents, 4.8 percent of whom selected it as the most concerning risk. Meanwhile, just 0.6 percent of respondents in Atlantic Canada ranked insurance fraud as their top concern. Ontario (4.4 percent), Quebec (4.0 percent) and the Prairies (2.4 percent) fell in between. In the context of ranking risks by concern over their influence on insurance, younger Canadians appear to be more worried about insurance fraud than seniors, with 6.4 percent of...