Insurable Interest Canadian Insurance Blog

Belleville, ON (June 10, 2026) – Rising temperatures. Severe flooding. More intense hurricanes. Bitterly cold winters. Droughts and destructive wildfires. These kinds of incidents seem to be happening more frequently. Even most former climate change skeptics now acknowledge the world is becoming warmer. 2023 was the hottest year on record, and 2016 was the second-hottest. Sea levels are rising because of melting polar ice sheets, and the frequency and severity of destructive weather continue to increase. In the past 50 years, the number of natural disasters worldwide has risen more than 450%. The rising sea level is affecting coastal areas all over the world. When the sea level rises, it’s not just those below the new high tide line who have to worry. Rising seas mean more potential flood events. Tidal flooding and storm surges become even more likely for low-lying coastal areas. Climate volatility and your home Many factors can affect your homeowners insurance rates, including weather patterns where you live. Your insurer considers the odds of your property sustaining damage when calculating your premium. Climate change means those odds are getting worse. Higher premiums Because of increasingly severe weather events, insurance companies will inevitably incur more losses and...

Google Cloud is launching AI Threat Defense, helping customers to protect themselves with agent-driven, machine-speed defense Deloitte is collaborating with Google Cloud to implement the AI Threat Defense solution and can help clients build custom AI agents using Google’s advanced Gemini models and Gemini Enterprise Agent Platform New York, NY (June 3, 2026) – Deloitte is pleased to announce an expansion of its strategic alliance with Google Cloud and Wiz. By integrating Google Cloud’s AI Threat Defense solution with its Continuous Threat Exposure Management (CTEM) platform, Deloitte is delivering a consolidated solution for broad visibility and streamlined governance. Through this integrated offering, Deloitte is helping to deliver Google AI Threat Defense, which fuses the reasoning power of Gemini and other frontier models, the contextual risk prioritization of Wiz, the code remediation capabilities of Gemini and CodeMender and the frontline experience of Mandiant. Combined with Deloitte’s CTEM platform and deep technical experience in building business-context-aware AI agents, together these organizations are helping clients adopt new agentic workflows that improve cyber defenses. Why this matters Novel frontier AI models are discovering vulnerabilities at rates that are challenging for cyber teams to remediate before they are exploited. Additionally, cybersecurity programs can be burdened by...

Calgary, AB (June 24, 2026) – Modular Solutions, a leading SaaS provider of enterprise policy administration technology, is pleased to announce that Navacord Underwriting Solutions (NUS), has selected Modular Solutions as its MGA policy administration system. The decision marks a significant milestone in Navacord’s technology strategy to bring its multiple managing general agencies (MGAs) onto a single enterprise-grade platform. This will enable unified operations, accelerated product innovation, and long-term scalability. As part of Navacord, one of Canada’s largest multi-line insurance brokerages and financial services firms, NUS operates as a dedicated underwriting and MGA platform, supporting multiple specialized MGAs across the country. With an emphasis on efficiency and integration, the Modular Solutions platform connects seamlessly with third-party data providers, payment processors, and other systems while providing automation and AI to drastically improve workflows and data quality. Modular Solutions’ approach allows customers to scale confidently and leverage innovative technology, optimizing digital experiences without sacrificing governance, security, or performance. Navacord’s underwriting operations span multiple MGAs and support a national network of more than 1,000 retail broker partners. NUS selected Modular Solutions to address clear strategic needs and align on a shared vision for how modern MGA organizations operate at scale. Key factors included:...

Case Study: FCA Insurance Brokers developing a Certificate module with Acturis Canada — Firstbrook Cassie & Anderson (FCA) is a long-established independent brokerage providing insurance and surety solutions to mid‑to‑large organizations with complex insurance needs. Founded in 1919, FCA has more than a century of experience supporting clients across a wide range of sectors, such as construction, manufacturing, real estate, non‑profit, insolvency, and high‑net‑worth personal lines. With over 100 users across offices in Toronto and Muskoka, FCA manages a significant volume of documentation as part of its day‑to‑day operations – particularly insurance certificates, which play a critical role for many of its construction and manufacturing clients. Licensed across Canada and serving more than 17,000 clients nationwide, the brokerage is well-positioned to deliver consistent, efficient service while retaining a strong local presence. FCA is a founding member of the Global Broker Network and a proud member of the Canadian Broker Network, giving clients access to global market insight and international coverage when required. With a long history of independence and strong industry connections, FCA places a strong emphasis on operational efficiency, service quality, and long‑term client relationships. Certificate Generation And Distribution On Acturis FCA worked with Acturis to implement the Acturis...