Insurable Interest Canadian Insurance Blog

Toronto, ON (Apr. 3, 2025) – ParioQuantify, a leading national provider of independent property appraisal and an SCM company, has announced that MBC Group appraisals will officially operate under the ParioQuantify brand, effective immediately. This is more than a name change—it’s the unification of two respected teams with complementary strengths, shared values, and a common goal: delivering the most accurate, efficient, and responsive appraisal and consulting services in Canada. For clients who have worked with MBC Group or ParioQuantify in the past, this change will facilitate enhanced capabilities while maintaining the same trusted service these companies are known for in industry. Clients will continue to receive the same level of care, attention, and technical expertise from the professionals they know and trust—now backed by a fully integrated national platform. Bringing together the specialized services of both firms means greater access to independent appraisals of Residential, Commercial, Industrial, and Agricultural property losses; pre-loss inspection and valuation services to support risk mitigation and insurance planning; catastrophe response and claim re-inspections; construction cost auditing, contract administration, and blueprint interpretation; and dispute resolution, mediation, arbitration, and expert witness services. From coast to coast to coast, ParioQuantify is now equipped to deliver comprehensive post-loss and...

A new Deloitte Canada report outlines a roadmap for leaders to advance scaling and sustaining AI to deliver economic and societal benefits New York, NY (Apr. 2, 2025) – As we reach an inflection point where AI moves from experimentation to large-scale implementation, a new report from Deloitte Canada’s Future of Canada Centre outlines how the country must seize this moment by embracing a bold, homegrown AI framework for action. In a time of great global uncertainty, where Canada seeks to strengthen its economic independence, this proposed “Made in Canada” framework prioritizes ambition, trust, equity, and sustainability to ensure the country remains a global leader in artificial intelligence. “Canada has led the way in AI with world-class talent, groundbreaking research, early public investment and strategy,” says Jas Jaaj, Global AI Ecosystems & Alliances leader and Managing Partner of AI for Deloitte Canada. “But as the technology moves from experimentation to implementation, we now face a choice: create a homegrown AI action plan today or inherit someone else’s tomorrow.” The Deloitte report, Building Canada’s brightest AI future, highlights Canada’s strong AI foundations, but warns that the country is already falling behind in AI adoption. For example, according to Deloitte Canada research,...

InviGrid Intelligent Cloud Assists Cowbell Cybersecurity Insurance Policyholders Enhance their Cyber Risk Posture Through Proactive Cyber Risk Management San Francisco, CA (Mar. 28, 2025) – Invi Grid, Inc. an innovator in solutions for Day Zero security and AI/Cloud infrastructure governance, is pleased to announce that the company’s Intelligent Cloud platform has been added to Cowbell Insurance’s Cowbell Rx Marketplace. Cowbell is a leading provider of cyber insurance adaptable to the threats of today. As a preferred vendor on Cowbell Rx, Invi Grid can provide Cowbell Cyber policyholders with simplified access to Invi Grid’s advanced cybersecurity solutions at pre-negotiated, discounted rates. Invi Grid Intelligent Cloud helps customers build secure well-architected Day Z/Cloud defenses that empower a customer’s development and operations teams to focus on innovation without having to worry about security, compliance and cost. Invi Grid helps accelerate AI and non-AI cloud provisioning through a secure-by-design hyperautomation. “We’re excited to join the enhanced Cowbell Rx cybersecurity marketplace, an offering that helps businesses enhance their cyber risk posture,” said Yogita Parulekar, chief executive officer, Invi Grid. “As a trusted partner, Invi Grid can now offer exclusive discounts and specialized solutions to Cowbell policyholders, helping them proactively manage cyber risks which can potentially lower...

Toronto, ON (Apr. 1, 2025) – Florida Lawyers Mutual Insurance Company, a leading provider of professional liability insurance for Florida attorneys, is pleased to announce its implementation of ISI Enterprise, a comprehensive core insurance platform developed by Insurance Systems Inc. (ISI). This milestone marks the successful completion of an 18-month digital transformation initiative aimed at enhancing operational efficiency and policyholder service. The implementation encompasses a complete core system transformation, delivered through AWS cloud infrastructure with a 99.95% uptime guarantee. The project included comprehensive data migration with multiple conversion dry runs, a seamless Invoice Cloud integration for paperless billing, and advanced reinsurance management for Excess of Loss treaties. Florida Lawyers Mutual becomes the sixth Lawyers Professional Liability carrier within NABRICO (National Association of Bar Related Insurance Companies) to adopt the ISI Enterprise platform. “We are thrilled to announce this technological leap forward in serving Florida’s legal community,” said Cathleen Sargent, President and CEO at Florida Lawyers Mutual. “Despite being small in number, our team showed extraordinary dedication in balancing their day-to-day responsibilities while driving this transformation forward. Working alongside ISI, we delivered this project on schedule and are now positioned to provide enhanced service to our members through fully digital operations.”...

Whitby, ON (Apr. 1, 2025) – Quotey is pleased to announce the addition of Aurora Underwriting Solutions to its expanding commercial insurance marketplace. Effective immediately, Canadian insurance brokers using the Quotey platform will have instant access to comprehensive Errors & Omissions (E&O) quotes for over 115 specific classes of professional businesses. These include extensive coverage options for technology providers, media companies, accounting professionals, consultants, and many other specialized professional services. Aurora Underwriting Solutions brings to Quotey brokers an industry-leading E&O product with optional General Liability coverages, significantly broadening the range of tailored insurance solutions brokers can offer their clients. Aurora’s detailed eligibility criteria encompass diverse sectors such as IT consulting, software development, digital marketing, management consulting, graphic design, human resources consulting, bookkeeping, executive coaching, and numerous other professional practices. Nick Kidd, CEO and Co-Founder of Quotey, stated: “We’re thrilled to welcome Aurora Underwriting Solutions into the Quotey Marketplace. Aurora’s ability to quote such a broad spectrum of specialized professional classes further enhances our commitment to simplifying the insurance quoting process for brokers. This partnership ensures our brokers have powerful, flexible options to meet the unique and evolving needs of their professional clients.” Brian Morison, Director of Underwriting at Aurora Underwriting...