Insurable Interest Canadian Insurance Blog

Rates for large and complex property programs fell 14.5 percent in the second quarter of 2026, with shared and layered placements down 23.41 percent, as the multiyear hard market reverses course across North America New York, NY (Oct. 1, 2026) – Willis, a WTW business, has released the fall 2026 edition of its Insurance Marketplace Realities report, examining rate predictions and market conditions across more than 30 lines of commercial insurance in North America. Large and complex property rates fell an average of 14.5 percent in the second quarter of 2026, compared with 8.4 percent a year earlier, as competition among insurers intensified. Shared and layered programs, placements with five or more carriers, saw average declines of 23.41 percent, up from 14.57 percent in the second quarter of 2025. The market has now moved from the depths of the 2018 through 2024 hard market toward pricing last seen in 2019. The report, whose theme is “The Specialist View: Navigating Tomorrow’s Risk Landscape for 2027,” reflects on how specialization across lines is helping clients navigate accelerating technology risk, including new exposures tied to artificial intelligence and data infrastructure investment. “Clients are navigating a market being reshaped by specialization and technology at...

Amalgamation combines the expertise of IPC and Quadrus backed by the scale, capital, and support of one of Canada’s largest financial institutions Toronto, ON (Oct. 1, 2026) – Canada Life is pleased to announce the launch of IPC Wealth Inc., bringing together, through amalgamation, the strengths of IPC Investment Corporation and Quadrus Investment Services Ltd. as one national mutual fund dealer with more than 2,500 licensed advisors across Canada. The amalgamation represents an important step in Canada Life’s strategy to grow its wealth management business and further strengthen its value proposition to advisors and clients. As one of the largest financial institutions in the country, Canada Life has brought IPC and Quadrus together as IPC Wealth to create a leading national wealth platform that will give advisors more choice, more support, and better technology, so they can spend more time serving clients and growing their businesses. “Canada Life believes strongly in the value of advice,” said Blaine Shewchuk, Executive Vice-President, Wealth & Advice, Canada Life. “IPC Wealth is about creating a leading wealth platform for entrepreneurial advisors in Canada, with the scale to invest, the flexibility advisors want, and the technology their clients increasingly expect.” One of the key strengths...

New term products, enhanced eApplication and advisor portal help advisors match more clients with the right protection Toronto, ON (Oct. 1, 2026) – ivari is continuing to strengthen its support for Canadian life insurance customers and advisors with new term insurance solutions, an enhanced eApplication and a new advisor portal designed to simplify the way advisors do business. ivari’s expanded term insurance lineup gives advisors three distinct series to help match more clients with protection built for their health, coverage needs and long-term plans: New SmartSelect series: for clients with strong health profiles who prefer a no-medical-exam path to insurance coverage Simply Term series: for health-sensitive clients who are seeking to secure essential temporary insurance TermSelect series & prosperity Term: for clients with more comprehensive coverage needs seeking greater flexibility through riders and additional coverage options “These new products and digital enhancements reflect our continued investment in practical advisor support, operational efficiency and a more seamless client experience,” said Andre Mousseau, President & CEO, ivari. “They are part of our broader commitment to modernizing the insurance experience and giving advisors the tools, flexibility and confidence they need to serve more Canadians.” The strengthened lineup also includes double-digit average premium rate reductions across...

Proven in insurance, where straight-through processing on new business rose from 2% to 35%, and now available to banks and financial services firms New York, NY (Oct. 1, 2026) – Neutrinos, the AI automation and orchestration company, is pleased to announce it has launched Kamios, a governed agentic AI orchestration platform for insurance and regulated industries. Kamios is a new Neutrinos product that gives insurers, banks and financial services firms one place to run agents on real work, coordinating them with the people, systems and decisions involved, across the core platforms they already operate. Every action is governed, metered and attributable. Enterprises have proven that agents can perform individual tasks. Production, however, is where the work stalls. A single case crosses many people, systems, rules and approvals, and running agents through it without giving up control, traceability or predictable cost has become a key barrier to enterprise AI adoption. Gartner predicts that more than 40% of agentic AI projects will be canceled by the end of 2027, citing escalating costs, unclear business value and inadequate risk controls.[1] At a Tier-1 insurer, straight-through processing on new business moved from 2% to 35%, and at another Tier-1 insurer, a claims program raised...

New solution turns liability exposure data into actionable insights, optimizing insurance program design Chicago, IL (Oct. 1, 2026) – Aon, a leading global professional services firm, is pleased to announce the launch of its proprietary Professional Liability Risk Analyzer, a new tool designed to help law firms better understand, quantify and manage risk. The analyzer combines firm‑specific exposure data, historical loss experience and Aon’s proprietary modeling, built on Aon’s 30-year Lawyer’s Professional Liability claims database to simulate the probability and severity of potential losses across a wide range of scenarios. By translating professional liability risk into a clear, quantifiable financial exposure, the Professional Liability Risk Analyzer enables a more practical view of liquid volatility, enabling more resilient, risk-informed insurance program design. “Too often, insurance decisions are made before firms understand the risk they’re trying to manage,” said Kristin Kraeger, CEO, Professional Services Practice, Aon. “The Professional Liability Risk Analyzer helps law firms quantify professional liability risk as a financial exposure, so they can evaluate how different insurance structures actually perform under stress.” While currently designed for law firm professional liability, Aon is expanding the Professional Liability Risk Analyzer for other professional services sectors, including accounting and consulting firms, bringing the...