Insurable Interest Canadian Insurance Blog

Waterloo, ON (Feb. 19, 2026) – How London Market insurers harness new digital technology to improve speed, integration and ease of doing business, is a major determinant on where brokers place their business, according to new research from Guidewire. The inaugural Guidewire London Market Tech Barometer – a survey of more than 250 insurance brokers who deal primarily with London Market insurers – revealed that nearly four in five (78%*) brokers surveyed say insurer technology plays a decisive or highly significant role in where they place risk. This is even more significant among senior brokers and director-level respondents, demonstrating that this is not merely an operational nice-to-have, but a strategic filter applied by experienced decision-makers. When asked to identify the single biggest impediment to modernisation in the London Market, reliance on outdated technology ranked the highest (24%). In a softening market, the survey suggests brokers are becoming more attuned to efficiency and increasingly favour technologically advanced insurers. Among the other key report findings: Firms not waiting for Blueprint Two: A considerable number of respondents (78%**) indicate that they are proceeding with their own technology strategies regardless of the Blueprint Two timeline. Among those moving ahead independently, 31% of respondents express...

Insurity has expanded Billing-as-a-Service, making the platform the most cost-effective and seamless way to manage insurance billing at scale Hartford, CT (Feb. 19, 2026) – Insurity, a leading provider of cloud-based software for property and casualty insurance carriers and MGAs, has announced major advancements to its Billing-as-a-Service platform, establishing it as a lower-cost model for billing than running operations internally. The expansion directly addresses the long-held belief that internal billing operations are the most economical option for carriers and MGAs. By centralizing payments, collections, and reconciliation on a single standardized platform, Insurity reduces the hidden operational costs, staffing requirements, and system maintenance burdens that often make in-house billing more expensive than it appears. Insurity Billing-as-a-Service is built on a cloud-native architecture with deeper enterprise-grade banking integrations and a modern user experience designed to support scale, performance, and evolving payment needs. Rather than relying on fragmented, customized systems that are expensive to maintain, customers operate on one shared services platform that supports direct bill, agency bill, and complex billing structures without bespoke builds. As volume grows, the cost per transaction declines, allowing insurers to scale without adding billing headcount or infrastructure. “Many smaller carriers, mutuals, and MGAs believe billing is cheaper...

Toronto, ON (Mar. 9, 2026) – Canadians are concerned about fraud in the insurance industry, from the threat on a personal level to the industry-wide costs resulting from staged collisions, inflated claims, and more, according to the results of a new survey commissioned by Aviva and conducted by Nanos Research. Nationally, more than one-third of respondents (37.8 percent) ranked ‘Cyber crime/online scams/identity theft‘ as the most concerning risk influencing insurance; it was followed by ‘Auto theft‘ at 15.7 percent, ‘Home invasions‘ at 12.1 percent, and ‘Flooding‘ at 10.6 percent. No other risk was ranked first by more than six percent of respondents. For 3.7 percent of respondents, ‘Insurance Fraud‘ was the most concerning risk influencing insurance, with clear regional and demographic variations. In BC, fraud was ranked highest by respondents, 4.8 percent of whom selected it as the most concerning risk. Meanwhile, just 0.6 percent of respondents in Atlantic Canada ranked insurance fraud as their top concern. Ontario (4.4 percent), Quebec (4.0 percent) and the Prairies (2.4 percent) fell in between. In the context of ranking risks by concern over their influence on insurance, younger Canadians appear to be more worried about insurance fraud than seniors, with 6.4 percent of...

Toronto, ON (Feb. 18, 2026) – The Insurance Brokers Association of Canada (IBAC) is proud to announce the official launch of the new and improved Canadian Accredited Insurance Broker (CAIB) program. CAIB has been at the forefront of broker education for over 40 years. The CAIB designation is a distinguished nationally recognized credential that signifies a broker with the in-depth knowledge and expertise to serve Canadians with professionalism and integrity. CAIB New Edition 1.0 builds on this strong reputation, elevating broker education, with new and up to date content that is relevant, practical, and aligned with the real-life situations brokers face with their clients every day. A learner-centred approach and flexible formats give students choice in their learning experience. State-of-the-art instructional design and interactive features increase engagement and significantly improve how knowledge is retained and applied. It’s education by brokers, for brokers, that meets the needs of the modern student in the digital age. “Today’s insurance broker is tech savvy and continuously on the go, so we’re meeting them where they are – and that’s online,” said Peter Braid, IBAC CEO. “IBAC is committed to providing excellent educational programming that will generate confident, competent brokers who are equipped to provide...

Weave’s New Insurance Eligibility Solution Increases Dental Verification to 90% Average Lehi, UT (Feb. 18, 2026) – Weave, a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, is pleased to announce Weave Insurance Eligibility (WIE). This advanced solution provides dental practices with some of the most accurate, comprehensive, and instantly accessible insurance data in the industry. While traditional Electronic Data Interchange (EDI) clearinghouses provide a foundation of data, they often leave critical gaps. By integrating Robotic Process Automation (RPA) technology, Weave customers can automatically retrieve real-time data from insurance portals, eliminating a well-known pain point that currently consumes hours of front-office time. “At Vero Dental, we invest in the latest clinical technology, and it is vital that our administrative experience matches the world-class care our patients expect from our doctors,” said Heather Buckson, Office Manager at Vero Dental. “Weave Insurance Eligibility has been transformative, reclaiming critical time for my team to focus on meaningful patient interactions while significantly increasing our reimbursement accuracy and office throughput.” Driving Operational Efficiency and Practice Growth The introduction of RPA-driven eligibility allows dental practices to move away from administrative bottlenecks and toward patient-centric care: Optimized Reimbursements: By providing more...

Insurer deploys Ultrassure’s platform to transform unstructured policy, program and treaty language into structured, queryable data, strengthening contract governance, compliance, and operational efficiency Toronto, ON (Feb. 18, 2026) – Ultrassure is pleased to announce that it has been selected by Millennium Insurance to deploy its contract intelligence platform across the insurer’s operations. The engagement introduces AI-supported tools into core workflows, helping underwriting, claims, and legal teams navigate complex agreements with greater precision, consistency, and speed. Through this collaboration, Ultrassure is working with Millennium to modernize how contract data is managed and accessed. The platform enables teams to query policies and key partner contracts as structured data, supporting decision-making with a more unified and traceable view of obligations, exclusions, and coverage terms. The deployment spans Millennium’s diverse book of business and is designed to integrate directly into existing workflows. By improving how policy and contract language is tracked and surfaced, the collaboration aims to strengthen operational efficiency while reinforcing the audit trails important to Millennium’s internal governance standards. “In today’s market, having timely access to the intelligence within our contracts is critical,” said Hafeez Kassam, President at Millennium Insurance. “We chose Ultrassure because we see a real opportunity to validate coverage...