Insurable Interest Canadian Insurance Blog

Ready for the Storm: Closing the Extreme Weather Resilience Gap – New report reflects views of 950 risk decision-makers and insurance brokers Johnston, RI (Sept. 18, 2025) – Global businesses are seeing the effects of increasingly frequent extreme weather, but many are missing opportunities to fully protect against it, according to a new report by commercial property insurer FM. The report, “Ready for the Storm: Closing the Extreme Weather Resilience Gap,” found that many companies are not fully adopting cost-effective opportunities to close resilience gaps. And while 95% of risk decision-makers at corporations believe they are fully or mostly aware of the extreme weather exposure of their business, only 67% of brokers believe the same of their clients, according to the report. The survey also found that 62% of risk decision-makers report they have suffered at least one severe disruption due to extreme weather in the past three years. FM’s report included recommendations for businesses to close the resilience gap, including taking a long-term view of risk and evaluating supply chains. In the report’s survey of 150 brokers and 800 risk decision-makers from industrial, manufacturing and technology companies: 78% agree that changing weather systems render past assumptions about their exposure...

Continuous Demand for AI Is Expected to Fuel Investments in IT Infrastructure Stamford, CT (Sept. 17, 2025) – Worldwide spending on AI is forecast to total nearly $1.5 trillion in 2025, according to Gartner, Inc., a business and technology insights company. “The forecast assumes continued investment in AI infrastructure expansion, as major hyperscalers continue to increase investments in data centers with AI-optimized hardware and GPUs to scale their services,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “The AI investment landscape is also expanding beyond traditional U.S. tech giants, including Chinese companies and new AI cloud providers. Furthermore, venture capital investment in AI providers is providing additional tailwinds for AI spending.” Looking towards 2026, overall global AI spending is forecast to top $2 trillion, led in large part by AI being integrated into products such as smartphones and PCs, as well as infrastructure (see table below). Table 1: AI Spending in IT Markets, Worldwide, 2024-2026 (Millions of U.S. Dollars) Market 2024  2025  2026  AI Services 259,477 282,556 324,669 AI Application Software 83,679 172,029 269,703 AI Infrastructure Software 56,904 126,177 229,825 GenAI Models 5,719 14,200 25,766 AI-optimized Servers (GPU and Non-GPU AI Accelerators) 140,107 267,534 329,528 AI-optimized IaaS 7,447 18,325 37,507...

Aon’s Fall 2025 Canadian Insurance Market Update Toronto, ON (Sept. 15, 2025) – Aon, a leading global professional services firm, has released its Fall 2025 Canadian Insurance Market Update. Published in support of Aon’s ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs, the report finds that the Canadian Property and Casualty (P&C) market is characterized by soft conditions marked by increased capacity, strong underwriting performance and heightened competition. “These factors are driving more favourable terms and broader coverage options, as carriers prioritize client retention and seek to deliver greater value,” said Russell Quilley, head of Commercial Risk and Chief Broking Officer for Canada at Aon. “This environment presents opportunities for organizations to optimize their insurance strategies by aligning them with short- and long-term business objectives to ensure their coverage can support changing priorities and operational needs.” Other key findings include: The property insurance market is resilient despite recent catastrophic losses. Increased underwriting capacity and improved profitability offer broader coverage options, but natural catastrophe-exposed properties still encounter elevated scrutiny and stricter terms. The cyber market continues to evolve rapidly, emphasizing robust cybersecurity and response plans. Organizations demonstrating strong controls gain better coverage and favorable...

Toronto, ON (Oct. 2, 2025) – Ecclesiastical Insurance is proud to mark Cyber Security Awareness Month with the release of a new whitepaper, Cyber Security Best Practices for Charities, Non-Profits, and Small Organizations, alongside its complementary Cyber Security Risk Management module in the Ecclesiastical Specialist School™. Charities, non-profits, and small organizations are increasingly targeted by cybercriminals due to the sensitive data they hold and the perception that they lack robust defenses. The whitepaper offers practical, affordable steps that organizations can implement immediately, covering password hygiene, email and web safety, data protection, and incident response. The Ecclesiastical Specialist School™ module takes learning a step further, providing an interactive experience where participants can explore threats, test their knowledge, and earn a personalized certificate of completion. At Ecclesiastical, we know cyber security is not just about technology. It’s about protecting the trust, reputation, and mission of the organizations we serve,” said John Del Grande, Senior Vice President, Business Innovation. “These new resources reflect our commitment to helping brokers and their clients manage cyber risk in a practical and accessible way.” Both the whitepaper and the Cyber Security Risk Management module are available for free at www.ecclesiastical.ca. About Ecclesiastical Insurance Ecclesiastical Insurance Office plc is...