Insurable Interest Canadian Insurance Blog

Armonk, NY (May 27, 2026) – Artificial intelligence is emerging as a powerful enabler of asset management but only when paired with trusted data, clear governance, and strong organizational change. That message resonated during a recent IBM-hosted discussion that brought together asset management leaders from public and private sector organizations to share practical experiences with AI‑enabled asset management. Participants emphasized that AI is not a quick fix, but a long‑term accelerator of established practices. Denzil Solomon, VP Emerging Technology, Thought Leader and Advisor at FAHM Technology, underscored the importance of patience and strategy: “AI is in it for the long term, just like asset management,” he noted. “You might see quick gains, but the real value builds over time.” For municipalities, early investments in enterprise asset management have already delivered measurable benefits. Jennifer Wrzala, Business Analyst and innovative thinker with the City of Cambridge, reflected on her organization’s journey: “Right away, we started seeing benefits,” she said. “We went from everyone speaking different languages about the same assets to having one common language and one system.” Reliable data surfaced as a consistent theme throughout the discussion. Participants repeatedly highlighted that technology alone cannot compensate for weak foundations. Without accurate, standardized...

Toronto, ON (June 2, 2026) – CAA South Central Ontario (CAA SCO) is warning that car theft is becoming more sophisticated and more personal, with criminals now targeting drivers directly using a mix of distraction tactics and high-tech tools. Police services across Canada have recently warned of an increase in “distraction thefts” occurring in parking lots, shopping centres, and other busy areas. At the same time, thieves are continuing to use relay attacks and key-fob signal-interception technology to unlock and steal vehicles without physical force. CAA cautions that these tactics are now being used together, creating new risks for drivers. A New Combination of Tactics This emerging method involves criminals engaging drivers in brief interactions near their vehicle while simultaneously using electronic devices to capture or amplify key fob signals. As a result, key fob-related auto theft is no longer limited to driveways or overnight incidents. Close physical proximity between drivers, their key fobs, and their vehicles can be exploited. These thefts can occur quickly and subtly, often without the driver immediately realizing anything has happened. In some cases, drivers may later notice an alert that their vehicle key is missing. This is an early sign that something is wrong....

New data reveals one-fifth of work time impacted by health challenges, putting pressure on employees and workplaces Toronto, ON (June 2, 2026) – Health challenges are significantly impacting both employee well-being and workplace productivity across Canada, according to The Wellness Report by Manulife Canada. Drawing on responses from nearly 4,700 employees across 159 organizations with a Manulife Group Benefits plan, the report reveals that while three per cent of total working time is lost to absences due to health issues, a much larger portion – 19 per cent – is affected by health-related productivity challenges. Combined, this represents the equivalent of 46 lost working days per employee each year under a standard five-day work week. Crucially, most of this lost productivity occurs while employees are still on the job. Health challenges, like mental fatigue, stress, and burnout are undermining focus, energy and the ability to perform at full capacity. “Losing the equivalent of 46 working days per employee isn’t just a productivity issue, it tells us people are struggling in ways we don’t always see,” said Ashesh Desai, Head of Group Benefits at Manulife Canada. “Employees are still showing up, but burnout and mental fatigue are limiting how they contribute and...

AI tools like Mythos are accelerating how quickly cyber vulnerabilities are being found and exploited. This explainer sets out what Mythos changes, what it doesn’t and how brokers can help clients stay focused on what matters most. — By Isabel Finn, CFC — Artificial intelligence has been influencing the mechanics of cyber security for years. But tools like Mythos mark a visible shift. Developed by Anthropic, the team behind Claude, Mythos is designed to discover vulnerabilities and support security testing at a fraction of the time, compressing work that once took days and weeks into hours. That acceleration is creating concern. While Mythos is intended as a force for good, those same capabilities could be exploited by threat actors to find viable targets and launch attacks at scale. So what does Mythos actually change, should businesses worry and will cyber security ever be the same again? What is Mythos, and how will it impact cyber threats? Mythos is an advanced AI security model. It’s designed to support defensive cyber security research, using large language models (LLMs) with strong coding and reasoning capabilities to analyze software, identify vulnerabilities and support security testing at unprecedented speed. Its capabilities have been reviewed by...

BDC’s StrongNorth Fund invests in Photonic and Lastwall, and partners with initiatives like UBC Sauder School of Business’ Scale Up Program Montreal, QC (May 27, 2026) – The Business Development Bank of Canada (BDC) is pleased to announced new investments in Canadian dual use innovators through its StrongNorth Fund, alongside a partnership with UBC Sauder School of Business’ Scale Up Program, as it continues deploying its Defence Platform launched in December 2025. “We’re at a moment where Canada’s defence and economic sovereignty are increasingly shaped by technology,” said Peter Dawe, Vice President, Defence Strategy, BDC. “But ultimately, sovereignty depends on our ability to build and scale real capabilities—companies that can deliver, secure critical systems, and operate in complex environments. Through StrongNorth, we’re backing Canadian firms that are turning quantum and identity security into real‑world defence capability—focused on technologies that are ready to deploy today, while building the next wave of capability behind them.” As countries face rising cyber threats, these investments highlight how Canada is building defence capability across critical technologies. They also show how that capability is beginning to translate into real‑world applications, with companies advancing strengths across multiple critical technology domains and forming a broader national base of...