Insurable Interest Canadian Insurance Blog

Europe and North America Insurance Telematics Report 2025-2029: Insights from 30 New Executive Interviews with Leading Companies, Case Studies of 58 Insurance Telematics Initiatives – from ResearchAndMarkets.com Dublin, Ireland (Jan. 12, 2026) – ResearchAndMarkets.com is pleased to announce the availability of its latest report, Insurance Telematics in Europe and North America – 9th Edition. Insurance Telematics in Europe and North America is the ninth strategy report in the series analysing the latest developments on the insurance telematics market. This strategic research report provides you with 220 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions. The introduction of telematics technology in the context of automotive insurance is commonly referred to as usage-based insurance (UBI) or insurance telematics. Solutions of this type generally enable automotive insurers to improve pricing mechanisms based on actual driving data, gain better control of claims and differentiate their offerings to current and prospective policyholders. Variants of insurance telematics which have been popularised over the years include behaviour-based pricing models such as Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD) and Manage-How-You-Drive (MHYD). The addressable market for insurance telematics is significant. A total of around 339 million vehicles were in use...

London, UK (Apr. 15, 2024) – Artificial Intelligence (AI) will continue to dominate boardroom conversations — not just as an enabler, but as a disruptive force that reveals who has embraced disciplined adoption and who risks falling behind, according to a new CyberCube report. Each year, CyberCube’s experts analyze emerging trends across technology, threat intelligence, insurance market behaviour, and the broader regulatory environment. Their most recent output is a set of predictions for 2026 designed, not only to forecast what lies ahead, but to equip the industry with the insight required to navigate it with confidence. Pascal Millaire, CEO of CyberCube, predicted that AI will reward the disciplined. “In 2026, I predict we’ll see a period of AI disillusionment. The enthusiasm of boardrooms and conferences will meet the reality of legacy systems, data silos, and regulatory caution.” Bob Petrie, President & CEO of Origami Risk, and CyberCube Board Member, reinforced this theme, predicting that AI will deliver much more radical efficiency gains in the claims handling process. “AI will reduce repetitive manual tasks and deliver relevant insights, while humans will make all the critical decisions in a claim. 2026 will transform the way claims shops operate, leading to better claims...

Arlington, VA (Nov. 17, 2025) – WTW, a leading global advisory, broking and solutions company, and Bettercomp, a market leader in compensation benchmarking software, are pleased to announce a strategic partnership. Through this partnership, WTW will combine its renowned compensation advisory expertise and compensation benchmarking reports with Bettercomp’s leading-edge technology to support the design and evaluation of pay structures. Clients will gain access to Bettercomp’s intuitive software, which integrates survey data from multiple sources and aligns it with advanced analytics and AI-driven automations to enable sound pay decisions. WTW advises organizations on pay program design that aligns with both business objectives and talent strategies. Bettercomp codifies companies’ compensation philosophies to streamline benchmarking workflows and surface data-driven insights. The partnership will deliver enhanced flexibility, speed and scalability to support informed pay decisions for WTW and Bettercomp customers. “Today’s HR professionals need intuitive technology, data and analytics to support decision making and navigate complex compensation programs,” said Mark Reid, Global Head of the Work & Rewards business at WTW. “Our strategic partnership will integrate Bettercomp’s market-leading software with WTW’s leading advisory services and benchmarking data, delivering better integration and faster innovation.” “We created Bettercomp to manage the intricacies of global compensation at...

By Saadia Zahidi, Managing Director, World Economic Forum — Read the Global Risks Report 2026 here and join the conversation using #Risks26. The annual Global Risks Report offers a view of global risks at the start of each year, focusing global leaders on addressing emerging challenges and their potential knock-on effects. It does not offer predictions, nor does it suggest that the future is predetermined. Instead, it provides a range of potential futures with a view to prevention and management. Three years ago, the 18th edition of the Global Risks Report considered the possibility of a “polycrisis”, as risks from multiple domains unfold at the same time. This 21st edition of the Global Risks Report explores how a new competitive order is taking shape and its impact across multiple concurrent risk domains. We are witnessing the turmoil caused by kinetic wars, the deployment of economic weapons for strategic advantage, and growing fragmentation across societies. And as these “here and now” risks unfold, longer-term challenges, from technological acceleration to environmental decline, continue to create knockon effects across systems. In parallel, rules and institutions that have long underpinned stability are increasingly deadlocked or ineffective in managing this turbulence. While this report examines...

Armonk, NY (Jan. 7, 2026) – Generative AI is reshaping the first steps of our shopping experience before we ever click “buy.” From hyper-personalized suggestions to curated inspiration, influence now begins long before a store visit or app tap, moving where brands and retailers compete to an entirely new level. A new global study* from the IBM Institute for Business Value, in collaboration with the National Retail Federation (NRF), found that while nearly three-quarters of surveyed consumers (72%) still shop in stores, almost half (45%) turn to AI for help during their buying journeys. Shoppers still want to see and touch products, but today’s savvy consumers increasingly arrive with a sense of what they’re looking for and why. They are using AI to research products (41%), interpret reviews (33%), and hunt for deals (31%). “AI is changing how consumers shop, and every aspect throughout the shopping journey,” notes Caroline Reppert, Senior Director, AI and Technology Policy at the National Retail Federation, “As these technologies increasingly guide consumer discovery, comparison, and choice, retailers that understand and respond to this shift will be best positioned to earn trust, relevance, and long-term customer loyalty.” From browsing to guided buying: How AI is shaping...

Toronto, ON (Jan. 7, 2026) – BMO Insurance is pleased to announce a new service in partnership with Empathy, the technology company transforming how the world plans for and navigates life’s most difficult moments, to provide access to personalized, comprehensive, on-demand support for the challenges many beneficiaries face when navigating the loss of a loved one. Empathy Loss Support is now available for all current BMO Insurance Term Life, Universal Life, Whole Life, Term 100, and Critical Illness policies with a Return of Premium on Death (ROPD) rider. BMO Insurance is among the first to bring bereavement support to Guaranteed Investment Funds. “Supporting our clients means being there for them not only in moments of financial decision-making, but also during some of life’s most challenging times,” said Rohit Thomas, President and CEO, BMO Insurance. “Through our collaboration with Empathy, we’re extending our care beyond financial services, offering meaningful, on-going support when it’s needed most.” Empathy’s support through this BMO Insurance partnership includes: One-to-one guidance from a dedicated Care Team member. Personalized plans to help navigate estate settlement, funeral planning and other administrative tasks. Grief resources to support emotional well-being during difficult times. Other Benefits Include: Probate and estate guidance, ID...

Calgary, AB (Jan. 12, 2026) – Avalon Master Builder, in partnership with Aviva Canada, the Institute for Catastrophic Loss Reduction (ICLR), and the Canadian Home Builders’ Association (CHBA), has launched a pilot project to integrate resilience measures into new multi-family buildings in southern Calgary. The initiative will demonstrate practical ways to reduce hail and wind damage—two of the most costly and frequent causes of property loss in Alberta. Calgary residents have experienced firsthand the devastating impacts of extreme weather. Recent hailstorms have damaged tens of thousands of homes and rank among the most expensive natural disasters in Canadian history. Recognizing the need for change, Avalon Master Builder is taking proactive steps to embed resilience into the design and construction of new homes. The new buildings will feature hail-resilient roof coverings and siding, as well as enhanced structural measures to withstand high winds. These progressive building practices aim to reduce repair costs, insurance claims, and disruption for homeowners—while increasing the overall durability and lifespan of homes in the region. “Building homes that stand up to Canada’s changing climate is part of our commitment to long-term value and safety for our customers,” said Chris Williams, President of Avalon Master Builder. “This project...