Insurable Interest Canadian Insurance Blog

Columbus, OH (Jan. 5, 2026) – Nationwide has teamed up with Chrp, an AI-driven home risk platform, to bring policyholders a modern approach to home inspections. The new program offers homeowners a convenient, smartphone-based way to identify potential hazards inside the home before they lead to costly losses Most homeowners don’t realize how quickly issues like aging plumbing, outdated electric panels, or hidden fire hazards can escalate. Even in well-maintained homes, routine wear and tear can raise risk behind the scenes. Nationwide’s partnership with Chrp aims to give members a clearer view of these risks and more control over preventing them. A simpler, smarter inspection experience For customers selected for renewal inspections, Nationwide now offers the option to complete a guided photo survey through their mobile device. Chrp’s technology reviews each image using AI models built around more than 400 known failure points, highlighting concerns such as corrosion, faulty wiring, or potential fire hazards. After completing the virtual walkthrough, homeowners receive a tailored report outlining recommended fixes and next steps. If the platform flags a significant issue, the case is sent to Nationwide’s inspection team for further review. “Nationwide is always looking for ways to enhance the experience for our...

Wisedocs Launches Decision Intelligence Platform Built for the Claims Lifecycle — Helping Carriers, TPAs, and Legal Teams Close Files Faster and Reserve with Confidence Miami, FL (Mar. 25, 2026) – Claims teams face a compounding problem: nuclear verdicts, social inflation, and litigation funding have raised the cost of a wrong decision to its highest level in a generation. Meanwhile, claims professionals spend 40–60% of their time organizing, reading, and searching documents before making a single claim decision. Wisedocs today introduced an AI-powered decision intelligence platform built to address that problem directly — moving carriers, TPAs, and legal teams from manual file review to structured, decision-ready intelligence across the full claims lifecycle, from intake and active care through escalation, litigation, and closure. The platform turns complex claim documents into source-linked intelligence that surfaces risk signals, inconsistencies, and key insights early. It is built to handle even the most complex files, including claims exceeding 100,000 pages. The result is a new level of speed and confidence in claims outcomes. Organizations using Wisedocs report 60–80% faster first touch on complex claims and up to 2x case handling efficiency, enabling claims teams to move from document preparation to decision-making far earlier in the lifecycle. In...

Integrated platform reduces settlement time and improves pricing consistency New York, NY (Mar. 5, 2026) – Openly, a tech-driven premium insurance provider, has announced a partnership with Claimtouch Analytics Inc. (“claimtouch”), an AI-native insurtech providing an end-to-end solution for personal property claims. This partnership is designed to reduce settlement times for content claims by automating the pricing and valuation of damaged personal property. Through the integration of claimtouch’s Personal Property Platform with Openly’s claims management system, adjusters can generate detailed contents inventories and estimates more efficiently, replacing manual processes with consistent, data-driven valuations. “We are setting a new standard for accurate and efficient claims processing,” said Gina Reyes, Vice President of Claims at Openly. “This partnership allows us to streamline our workflow and ensure that our customers receive fair and precise pricing for their damaged personal property, solidifying our commitment to a transparent and trustworthy claims experience.” Claimtouch’s platform uses machine learning and large-scale data to deliver real-time valuations for personal property losses, helping improve pricing consistency across claims. “We are thrilled to partner with Openly to provide a quick, accurate, and seamless content claim experience,” said Mick Noland, President & Co-Founder of claimtouch. “Openly shares our vision when it...

New York, NY (Mar. 5, 2025) – Floodbase, the leading platform for insuring flood risk, and Liberty Mutual (Liberty) have announced the launch of an instant quoting application for parametric flood (re)insurance in the US. This solution allows wholesale and retail brokers to price parametric flood covers in minutes, removing friction and introducing the speed required to serve the high-volume small to midsized commercial market more effectively. Designed specifically for the US market Liberty’s pricing engine, powered by Floodbase Platform’s new API, revolutionizes a traditionally time-consuming and demanding quoting process to deliver the speed and consistency that distributors need. Large-area parametric flood covers have reached a point of product maturity, with policies now transferring the risk of economic loss at global scale for US Municipalities, Colombian Farmers, CEI’s nation-wide distributed property portfolio in Italy, and more. As the US demand for comprehensive flood risk management grows – driven by more frequent and intense flood events, rising National Flood Insurance Program premiums, and uncertainty around federal flood insurance – parametric flood is increasingly viewed as a viable complement to traditional property coverage, while also covering non-damage business interruption financial losses. US flood risk continues to outpace private market capacity. Two-thirds of modelled US...