Insurable Interest Canadian Insurance Blog

US-based vertical SaaS platform Vibrant manages third-party vendor cybersecurity oversight by tracking vendor Insurance coverage directly with Carriers. Kayna’s embedded insurance infrastructure set to enable WTW cybersecurity insurance distribution with continuous vendor coverage assessments to close protection gap and safeguard ongoing compliance. Solution to support Procurement, Operations and Supply Chain functions within organisations across Manufacturing, Education, Healthcare, Utilities, Financial Services, Retail and State & Municipal Government sectors Cork, Ireland (Nov. 10, 2024) – Kayna, the award-winning embedded insurance infrastructure platform, and WTW, a leading global advisory, broking and solutions company, have partnered with Vibrant, the Pennsylvania-based platform that manages third-party vendor cybersecurity oversight by tracking insurance coverage. Vibrant’s innovative platform enables organisations with extensive vendor networks to easily monitor the cybersecurity status of their entire supply chain, providing continuous, real-time insights without the need for time-consuming, costly assessments. The partnership, through the integration of Kayna tech facilitating WTW-brokered insurance distribution, enhances Vibrant’s insurance-based model by generating real-time alerts when a vendor’s cybersecurity status may pose a risk to the organisations they supply. The integration also offers at-risk vendors immediate access to indicative insurance quotes and streamlined policy generation, effectively closing protection gaps in the supply chain. This comprehensive approach not...

Intact and Jiffy to expand access to home maintenance services across Canada Toronto, ON (Nov. 14, 2024) – Intact Financial Corporation is pleased to announce it has acquired Jiffy Inc., Canada’s number-one home maintenance app. Through this acquisition, Jiffy will have the platform and capabilities to accelerate expansion of its services across more Canadian jurisdictions while supporting Intact’s goals of engaging three-quarters of Canadian customers digitally and providing a customer experience that is second to none. “At Intact, we invest in products and exceptional brands that directly support the evolution of customer needs. Through our partnership with Jiffy, we look forward to expanding their service offering to more customers, and geographies, connecting their network of certified professionals to more jobs,” said Imen Zitouni, Senior Vice President & Chief Marketing Officer, Intact Financial Corporation. Jiffy is an app-based service that connects homeowners with local service professionals to provide various home maintenance tasks such as plumbing, exterior repairs, appliance repair, electrical work and furniture assembly. Designed with the user in mind, Jiffy focuses on making home maintenance simpler and more accessible for everyone. “Intact is the perfect partner to help Jiffy deliver the most accessible and reliable home maintenance solutions for homeowners,...

Acquisition marks Westland’s third Ontario partnership in 2024 Surrey, BC (Nov. 8, 2024) – Westland Insurance, one of Canada’s largest insurance brokers, is pleased to announce it has acquired MSP Insurance Corp. (operating as Mitchell Sandham Pastor Insurance Brokers), effective November 1st. The acquisition of this P&C brokerage marks Westland’s third partnership in Ontario this year, reinforcing the organization’s strategic growth in the Greater Toronto Area (GTA). MSP Insurance is a Mississauga-based brokerage that has served the GTA since 1957. Their team of experienced brokers is dedicated to offering personalized quality service, including professional insurance advice, ongoing policy maintenance, and claims support. “We’re thrilled to welcome MSP Insurance to the Westland team,” says Jamie Lyons, Westland’s President & CEO. “As we continue our growth journey across Eastern Canada, we feel privileged to join forces with this outstanding brokerage, in no small part due to their tremendous leadership and passionate employees. We’re looking forward to working with their team to continue serving Mississauga and make a difference in the lives of their clients.” Westland continues to invest in and grow its business in Canada, both organically and through strategic acquisitions. About Westland Insurance Group Westland Insurance Group is one of the...

Équité Association Unveils the Annual Top 10 Most Stolen Vehicles in Canada Toronto, ON (Nov. 19, 2024) – Équité Association, Canada’s national authority on insurance crime and fraud prevention, has unveiled their annual ‘Top 10 Most Stolen Vehicles in Canada’ for 2023. After two consecutive years in the top spot, the Honda CR-V has lost its top position; the Toyota Highlander has overtaken the Honda CR-V as the nation’s most stolen vehicle. The Toyota Highlander is a popular model in Canada, which is globally serviceable and has a high resale value both domestically and internationally; noting criminals continually shift demand to maximize their profits from the illegal sale of vehicles. It also shares similarities with nearly all of the vehicles on the national list, where the vehicles are 2019 or newer models, and have vulnerabilities that come with keyless ignitions, particularly as these vehicles do not come equipped with anti-theft devices aligned to the ULC 338 Anti-theft Standards. “In order to sustainably address the auto theft crisis in Canada, solutions must evolve from focusing on the recovery of stolen vehicles to preventing vehicles from being stolen in the first place, starting with updating Canada’s outdated Federal Motor Vehicle Safety Regulations...