Insurable Interest Canadian Insurance Blog

Three-quarters of survey respondents say extreme weather patterns make winter tires more important than ever Toronto, ON (Nov. 11, 2025) – Three-quarters of Canadian motorists (76 per cent) believe extreme winter weather events related to Canada’s changing climate have made winter tires more important than ever, according to a new Probe Research survey commissioned by the Tire and Rubber Association of Canada. More than four in five (84 per cent) say driving a vehicle equipped with winter tires has saved them from an accident or loss of control. With weather patterns becoming increasingly unpredictable, winter tire usage continues to grow. Across Canada usage now stands at 80 per cent, showing a 2-point increase from last year and a 12-point increase over the last decade. The study also reveals that 81 per cent of drivers believe winter tires are an important investment despite the rising cost of living. However, current financial pressures are having an impact. About one in three drivers (32 per cent) say they are now less likely to buy winter tires because of increased financial burdens. “With climate challenges affecting Canadian winters, drivers are rightfully concerned about safety on the roads,” says Carol Hochu, president and CEO of TRAC....

Smythe Insurance Brokerage Industry Report, 10th edition — By Alex Wong, Advisory Partner, Smythe LLP, et al — For well over a decade now, we at Smythe have endeavored to put together as comprehensive a report as possible on the state of the Canadian property and casualty insurance brokerage industry. In this report, we share an analysis of survey responses and market data to explore current and emerging trends in the industry, as well as a snapshot of the financial performance of various insurance brokerages across the country. For our analysis, we also relied on our own proprietary database, which we believe is one of the largest available databases of independent brokerage financial performance information in Canada. The report also contains a significant amount of editorial opinion based on the collective experience of the Smythe Property & Casualty team, which includes Chartered Professional Accountants (CPA), Chartered Business Valuators (CBV), M&A Advisors and Tax Specialists. As always, we would like to extend our gratitude to all those who chose to participate in this survey. Our goal with this report is to provide practical insight and contribute meaningful research that supports the long-term health of the brokerage industry. None of that would...

Davies inks deal to acquire Canada’s largest claims processing & risk solutions business, SCM Insurance Services, in its biggest strategic M&A to date London, UK (Nov. 10, 2025) – Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, headquartered in the United Kingdom, is pleased to announce it has signed an agreement to acquire SCM Insurance Services, Canada’s largest claims processing and risk solutions provider. The deal will see SCM’s three operating businesses; ClaimsPro, Canada’s leading claims adjusting firm; IPG, its third-party claims administrator; and Pario, its forensic engineering and consulting business and post-loss appraisal, all join the Davies global platform. Following the deal, Davies will have annual revenues of c.$1.4bn, with a combined team of 9,500 colleagues operating in 22 countries across Europe, North America, South America, Asia, and Australasia. The deal represents Davies’ largest strategic M&A addition to date and will allow the fast-growing tech-enabled firm to provide a full nationwide service across Canada, in addition to adding SCM’s U.S. operations to Davies’ existing U.S. footprint. SCM’s 1,500+ strong team of professionals across Canada and the U.S. will join Davies as part of the deal. The addition of ClaimsPro, IPG, and Pario...

Toronto, ON (Nov. 12, 2025) – CSIO congratulates L’Unique General Insurance and AIM Insurance on achieving CSIO’s eDocs Certification, enhancing productivity for brokers. L’Unique was awarded eDocs Certification by demonstrating that all of their eDocs contain the updated codes and descriptions when sent to brokers. As a result, brokers can identify the nature of each eDoc they receive without needing to open it, helping them service their customers more efficiently. Additionally, AIM Insurance achieved eDocs Certification for their broker software, Automate Insurance, by implementing all 40 updated eDocs codes and descriptions. This Certification shows Automate Insurance’s ability to process clearly-labelled eDocs, helping brokers manage their operational workflows. “Our brokers are essential to building trust and providing exceptional, personalized service to insureds. That’s why we’re committed to supporting them with technology that keeps their day-to-day business seamless,” said Guy Lecours, Chief Operating Officer, L’Unique General Insurance. “L’Unique’s eDocs Certification is a significant step towards elevating broker connectivity through industry-recognized Standards.” “This is an excellent achievement for Automate Insurance’s talented team and represents our focus on delivering unparalleled customer service and user experience,” said Dan Avon, President of AIM Insurance.  “Earning eDocs Certification signifies our commitment to Data Standards and empowers brokers...