Insurable Interest Canadian Insurance Blog

L’Unique Insurance — now available on the platform Quebec City, QC (Mar. 10, 2026) – QuickFacts is pleased to announce the launch of its personal lines offering in Québec, with the ambition of simplifying brokers’ work. As a tool for brokers, built by brokers, QuickFacts brings the power of comparative rating to the product level. The platform allows brokers to generate side-by-side product feature and coverage comparisons from multiple carriers, with easy access to current manuals, bulletins, forms, decline rules, binding guidelines and more. This means a significant reduction in research time for brokers to find the best product and coverage solutions for their customers’ unique needs. QuickFacts partnered with Orbite as their pilot in Quebec. Orbite was an ideal partner as they already had the rest of their team leveraging QuickFacts in other provinces. They helped support the Quebec launch from day one, testing the experience in-market and giving early feedback to make sure it worked smoothly for their team and others that follow. “We worked with QuickFacts in Ontario and were excited to support their launch in Quebec. Our Quebec team were impressed with the QuickFacts solution and excited to have French underwriting information in one place and...

Cyberattacks on Vehicles are a Serious Threat HSB Commercial Cyber for Auto covers damage to systems and data when work vehicles are hacked Key protection pays for lost business income from vehicle cyberattacks Additional coverage includes towing, transportation, and loss of use Toronto, ON (Feb. 18, 2026) – HSB is pleased to announce a new cyber insurance coverage that protects internet-connected commercial vehicles from hackers and pays for lost business income resulting from cyberattacks. HSB Commercial Cyber for Auto also covers cyber extortion, identity theft, and includes alternative transportation when targeted work vehicles can’t be operated. “Cyberattacks on commercial vehicles are a real and growing threat,” said Eric Hendricksen, commercial cyber practice lead for HSB, part of Munich Re Group. “With millions of connected commercial cars and trucks on the road, cybercriminals could hack into apps and automobile connections. Business owners need to get ahead of this emerging risk to data security, operations, and vehicle safety.” Comprehensive Protection for Commercial Fleets HSB Commercial Cyber for Auto is designed to help small and medium-sized businesses recover from disruptions caused by auto-related cyberattacks. Coverage for commercial vehicles includes: Cyberattacks, including damage to the vehicle’s systems, devices, or data from a malware attack....

Collaboration provides shared analytical foundation for helping to bridge the gap between sustainability, insurance and financial modeling for industries including banking, asset management, and real estate investment Jersey City, NJ (Feb. 17, 2026) – S&P Global Energy, the leading independent provider of information, analytics and benchmark prices for the commodities, energy and energy expansion and transition markets, and a division of S&P Global, and Verisk, a leading strategic data analytics and technology partner to the global insurance industry, are pleased to announce a new data-sharing collaboration designed to provide climate catastrophe exposure data and insights for the financial and insurance sectors. For the first time, powered by differentiating data from both companies, these sectors will be enabled to quantify the insured and uninsured financial impacts of future climate and near-term natural catastrophe events, creating a new industry benchmark for climate risk intelligence. Catastrophic events such as the recent record-setting losses from natural hazards underscore the urgent need for robust, forward-looking risk analytics to safeguard assets and support sustainable growth. This collaboration between two leading risk and data analytics providers helps to fill a critical gap in the market—offering a strong, auditable foundation for both insurance and financial institutions to manage climate...

Business email compromise and funds transfer fraud still comprise the majority of cyber insurance claims, data shows Vancouver, BC (Mar. 5, 2026) — Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, has released the findings of its 2026 Cyber Claims Report, revealing that initial ransom demands in the full-year 2025 surged 47% year-over-year (YoY). However, while ransomware actors substantially increased their demands, a record 86% of businesses refused to pay, suggesting that organisations have improved their cyber resiliency with viable data backups and incident response plans. “The data suggests a turning point in the economics of ransomware: while threat actors escalate their demands to push for higher, seven-figure payouts, cyber insurer support is helping businesses limit losses and is starting to help tip the scales back in favor of defenders,” said Rob Jones, Coalition’s Global Head of Claims. “Ultimately, we’re seeing the continuous partnership that Active Insurance offers between Coalition and our policyholders is reshaping the loss profile of cyber insurance and creating better outcomes.” While ransomware was the most costly type of claim in 2025 with an average loss of USD $269,000, business email compromise (BEC) and funds transfer fraud (FTF)...