Insurable Interest Canadian Insurance Blog

Antigonish, NS (Feb. 7, 2025) — DKI Canada is pleased to announce the addition of DKI – Midtown to its growing network of franchisees. This exciting new partnership brings experienced restoration professional Adam Aayesh and his team into the DKI group, further solidifying DKI’s presence in the Toronto market. “We are thrilled to welcome Adam and his team as our newest DKI location.” Said Chris Schmidt, CEO of DKI Canada. “DKI is committed to providing exceptional disaster restoration services to homeowners and businesses across the country. Adam’s passion and enthusiasm makes him an excellent fit for DKI and provides expertise and compassionate support to even more residents and businesses in need, helping them recover quickly and effectively from unexpected disasters.” Adam brings many years of expertise in disaster restoration to Toronto, specializing in services ranging from fire and water damage restoration to mould remediation and emergency response. With a customer-first approach and a commitment to exceeding expectations, DKI – Midtown Toronto is poised to become a trusted partner for homeowners, businesses, and insurers in the area. “Their dedication to quality, innovation, and community aligns perfectly with our values, and we are confident that their addition will further strengthen the DKI brand in the...

Toronto, ON (Feb. 14, 2025) – QuickFacts, a leader in innovative tools for insurance brokers, is thrilled to announce its new strategic partnership with the Insurance Brokers Association of Alberta (IBAA). This collaboration is set to enhance the accessibility of QuickFacts’ software by providing exclusive benefits to IBAA member brokerages across the province. In partnership with IBAA, QuickFacts will focus on several key goals to strengthen the support provided to Alberta’s insurance brokers, including: Addressing the challenges posed by shifting regulations and emerging industry information. Creating resources that assist brokers in maintaining compliance and expanding their knowledge base. Delivering targeted educational content on operational topics that align with IBAA’s professional development initiatives. Reinforcing our mutual commitment to advancing the brokerage community and driving operational excellence within the industry. “Partnering with the IBAA allows our organizations to collaborate and bring significant value to Alberta brokerages in today’s competitive market,” says Jeff Barsalou, Chief Revenue Officer at QuickFacts. “We’re determined to help support the association’s activities and leverage technology to assist brokerages in their day-to-day operations, education, and training.” By taking advantage of QuickFacts software, IBAA members will be able to streamline their underwriting processes, improve overall efficiency, and enhance the level...

New report provides a strategic roadmap for Canadian insurance providers in 2025 London, UK (Feb. 11, 2025) – Insly, the insurance industry’s leading provider of low-code software, has unveiled its latest report, Insurance Trends 2025: The Landscape for Insurers, MGAs, and Insurtechs. This comprehensive eBook offers a deep dive into the evolving risk landscape, emerging market trends, and the transformative role of technology in the insurance sector. A global leader in insurance software, Insly provides flexible solutions designed to help insurers, MGAs, and brokers streamline policy administration, underwriting, and claims management. Already trusted by insurance businesses across Europe, the UK, US, Insly continues to expand its presence in Canada, enabling businesses to maximise efficiency, profitability and growth in a rapidly evolving market. In 2025, Canadian businesses face a combination of mounting regulatory pressures, intensifying climate risks, and the digitalisation of underwriting and claims processing, which are reshaping the market. The Insly report provides critical insights from sector experts on these shifts and explores how insurers and MGAs can stay ahead of the curve. Key trends highlighted include: The continuation of the hard market, with rising premiums and stricter underwriting standards is creating challenges for insurers. Those who embrace advanced analytics...

Gothenburg, Sweden (Feb. 10, 2025) – IoT analyst firm Berg Insight has released a market report, The Bicycle Telematics Market in Europe and North America – 1st Edition, which analyzes the latest developments on the OEM and aftermarket bicycle telematics markets. This strategic research report from Berg Insight provides 45 pages of unique business intelligence including five-year industry forecasts and expert commentary on which to base business decisions. The installed base of bicycle telematics systems in Europe and North America reached 1.7 million in 2023 Telematics is a broad term that may be applied to a wide range of vehicle connectivity solutions. Berg Insight’s definition of a telematics system in this report is an automatic system designed for any bicycle that incorporates some form of cellular communications. The adoption of telematics systems in the bicycle industry has picked up speed in the past few years. There are both aftermarket and OEM telematics solutions available on the market. The main use case for bicycle telematics systems is stolen vehicle tracking and theft prevention. Bicycle theft is a growing concern and millions of bicycles are stolen every year in Europe and North America. Bicycle OEMs also offer services such as vehicle diagnostics...

By Hanna Beydoun, Policy Manager, IBC — In Canada, a vehicle is stolen every five minutes. This national crisis is disrupting the lives of Canadians and causing significant distress and financial strain. From 2018 to 2023, auto theft losses surged over 254%, surpassing $1.5 billion in direct claims costs for private passenger vehicles. Ontario has been hit the hardest, with auto theft losses exceeding an alarming $1 billion last year alone. Part of the issue is that a growing number of stolen vehicles are rebranded and sold to unsuspecting customers in Canada through a practice known as reVINing. Governments and law enforcement agencies have taken action to help address the auto theft crisis: In May 2024, the federal government released the National Action Plan for Combatting Auto Theft, a thoughtful and comprehensive blueprint for tackling auto theft. The government has since taken several steps to halt stolen vehicles along the auto theft transportation network, including deploying a mobile X-ray scanner in the Greater Toronto Area (GTA) to aid in the examination of shipping containers and investing $28 million to enhance the capacity of the Canada Border Services Agency. Police forces across the country, in particular those in the GTA, have...