Insurable Interest Canadian Insurance Blog

2025 societal losses total 3.4 billion Toronto, ON (Jan. 20, 2026) – The magnitude of catastrophic events experienced across Canada in 2025 pushed the insured loss total for the country to CAD 2.4 billion, according to CatIQ, Canada’s insured loss and exposure indices provider. Uninsured losses added $1.0 billion, bringing total societal loss to $3.4 billion, according to the Institute for Catastrophe Loss Reduction (ICLR), Canada’s leading source for disaster resilience knowledge. The insured loss figure of CAD 2.4 billion makes 2025 the ninth largest loss year for the country on record, putting the year on the lower end of the past five years of annual loss totals, and well below the record-breaking 2024 total, which currently sits at $9.1 billion. Based on 43 years of data, insurance covers about 54% of societal losses. The 2025 total societal loss is below the long-term trend, currently $9.1 billion per year and growing 9% annually after inflation, according to ICLR. Despite the average year in total loss, this year was anything but typical: 2nd in total catastrophes declared 2nd in ice storm losses 1st in fire catastrophes declared The costliest event in 2025 was the ice storm that struck Ontario and Quebec...

Toronto, ON (Jan. 15, 2026) – Ecclesiastical Insurance has released a new risk management resource aimed at helping community-serving organizations reduce theft and property damage losses, emphasizing that many incidents develop over time when small security gaps go unnoticed. The new bulletin, Property Security and Theft Prevention – A Practical Risk Management Guide, provides practical, standards-informed guidance for organizations including faith communities, non-profits, educational institutions, and heritage properties. It outlines preventative measures that can reduce theft risk while also limiting the damage commonly associated with forced entry. “Too often, organizations think about security only after a loss,” said Colin Robertson, Chief Risk Management & Customer Officer at Ecclesiastical Insurance. “This bulletin is designed to shift that mindset, helping organizations identify vulnerabilities early and take practical steps to protect the spaces, assets, and people that support their mission.” The bulletin includes guidance on: Conducting effective security and theft risk assessments Strengthening perimeter, access, and physical security Protecting high-value and vulnerable assets Using alarms, CCTV, and security guarding strategically Aligning security measures with applicable codes and standards “Security is stewardship,” Robertson added. “Proactive planning doesn’t just reduce loss, it helps ensure these organizations can continue serving their communities without disruption.” Access the...

By Jerry Fairborn, National Sales Manager, Commercial, Moen Canada — Across Canada, more and more homeowners are finding that insurance is no longer a given. Properties once considered standard are being reclassified as risk exposures due to climate volatility, aging infrastructure, and escalating repair costs. In many regions, securing or renewing home coverage has become increasingly difficult, especially for those in flood-prone zones or older neighbourhoods. For insurance brokers, this presents an urgent challenge: how to help clients stay protected when traditional underwriting appetite is shrinking. Amid these pressures, one solution stands out: leak prevention through intelligent water management. By integrating smart water technology, brokers and insurers can redefine what “insurable” means, offering homeowners tangible proof of proactive risk control When Risk Becomes Routine Water damage remains the leading cause of property loss in Canada, responsible for more claims than fire or theft combined, according to the Insurance Bureau of Canada (IBC).  IBC’s October 2025 Catastrophe Indices and Quantification Inc. data shows insured losses exceeded $9 billion in 2024, much of it due to flooding, rain, and sewer backup. But most losses stem not from weather, but from everyday incidents: burst pipes, leaking appliances, or undetected drips behind walls. These...

Toronto, ON (Jan. 14, 2026) – Trufla is officially launching PolicyPro, a dedicated offshore back-office and policy administration service designed to help insurance brokerages reduce operational strain and refocus licensed staff on clients, retention, and growth. Built by former broker operational leaders and backed by Trufla’s established infrastructure, PolicyPro provides trained, insurance-focused offshore teams that integrate directly into brokerage workflows and systems. The service delivers immediate operational capacity without the cost, disruption, or risk associated with expanding in-house administrative teams. PolicyPro was created to address one of the most pressing challenges facing brokerages today: increasing administrative workload driven by renewals, transactions, accounting requirements, system migrations, portal entry, acquisitions, and regulatory change. By removing high-volume, non-licensed work from internal teams, PolicyPro allows brokerages to stabilize operations while scaling more confidently. “PolicyPro was built from real brokerage pain,” said Diane Horsfield, Vice President of Customer Success at Trufla and the leader behind PolicyPro. “I’ve spent years inside brokerage operations, and the pressure is real — renewals stacking up, accounting backlogs, constant system and process change. PolicyPro was designed to take that weight off brokerage teams in a way that’s practical, scalable, and grounded in how brokerages actually work.” PolicyPro is an operational...

Halpenny Acquires Windley Ely, Creating a New Canadian Leader in Corporate Insurance, Risk Management & Claims Advisory Services Ottawa, ON (Jan. 14, 2026) – Halpenny Insurance Brokers is pleased to announce the acquisition of Windley Ely, a nationally respected leader in workers’ compensation claims management, disability programs & workplace safety solutions. This strategic partnership brings together two organizations with deep expertise, integrity and proven track records of exceptional customer service standards. Halpenny & Windley Ely will now operate in 6 Canadian cities: Ottawa, Toronto, Montreal, Vancouver, Calgary & London marking a key milestone in their national growth strategy. Richard Massie, CEO of Halpenny comments: “This partnership is a perfect union. Windley Ely’s extensive expertise in workers’ compensation management aligns perfectly with Halpenny’s corporate insurance, risk management, employee benefits, affinity and private client insurance offerings. Together we are stronger, more specialized and better positioned to support our clients in every region of the country.” Windley Ely will continue to operate under its existing name and brand for the foreseeable future maintaining the strong relationship and service standards that its clients have come to expect and trust. “We are thrilled to be joining forces with Halpenny” comments Dan Pompilii, CEO of Windley...