Insurable Interest Canadian Insurance Blog

Economic pressures have left over 80% of Canadian youth feeling stressed and anxious about their future – yet barriers to accessing mental health support persist New report from GreenShield and Mental Health Research Canada highlights the urgent need for more accessible, inclusive solutions to support youth mental health Waterloo, ON (Nov. 19, 2025) – A new survey from GreenShield, Canada’s only national non-profit health care and insurance organization, conducted in partnership with Mental Health Research Canada (MHRC), reveals that over 80% of Canadian youth feel overwhelmed by stress and anxiety about their future, and economic pressures – including job insecurity and the rising cost of living – are key drivers. The survey paints a stark picture: financial stress is not only intensifying mental health challenges for Canadian youth, but also blocking access to care. The findings reveal how economic instability is shaping young Canadians’ wellbeing and their ability to seek support. “Canada’s youth are navigating a perfect storm of economic instability and emotional strain,” said Zahid Salman, President and CEO of GreenShield. “At GreenShield, we’re committed to breaking down barriers to care, whether financial, cultural, or systemic, by providing a single, easy-to-access platform tailored to their unique needs. Supporting youth...

Together, firms build toward becoming Canada’s largest privately held insurance brokerage, employee benefits and wealth advisory firm Toronto, ON (Dec. 3, 2025) – Navacord Corp. and Acera Insurance Services Ltd., two industry-leading Canadian insurance brokers, are merging and poised to create the country’s largest privately held insurance brokerage, employee benefits and wealth advisory firm. The transaction, which is structured as a plan of arrangement under Alberta corporate law, is subject to achieving regulatory, court and shareholder approvals and is expected to close in the first quarter of 2026. The organizations are expected to represent a combined strength of $7.2 billion in insurance and employee benefits premium, $7.5 billion in retirement assets under management, 5,000-plus insurance and financial services professionals, and more than 150 locations nationwide. This merger will be led by longtime peers of 30 years: Navacord founders T. Marshall Sadd and Shawn DeSantis, and Acera founders Lee Rogers and Andrew Kemp, each of whom has deep roots in Western Canada. The deal stands as a testament to their shared culture of collaboration and mutual respect. “This marks a defining moment for both Navacord and Acera. Uniting our organizations allows us to build a stronger, more resilient, and more forward-looking...

Pollara study commissioned by CAFII identifies critical gaps in protection awareness and confidence, pointing to opportunities for industry to better serve financially vulnerable families Toronto, ON (Nov. 25, 2025) – Half of Canadian mortgage holders could only maintain their lifestyle for less than six months without their primary income, according to groundbreaking research from Pollara, commissioned by the Canadian Association of Financial Institutions in Insurance (CAFII). The comprehensive Credit Protection Insurance (CPI) Segmentation Study surveyed more than 3,000 Canadians and reveals widespread financial stress alongside troubling gaps in protection confidence, even among those who already have insurance coverage. The research, the first in Canada to map behavioural segments among current and potential CPI customers, found that 44% of mortgage holders report the current economic situation is negatively impacting their personal finances, while 57% have concerns about job loss in the next 12 months. Perhaps most concerning: 50% say they would have serious problems paying bills if their main earner were unable to work. The Confidence Crisis Despite widespread insurance ownership, Canadians lack confidence in their existing safety nets. The study found that 35% don’t know how long their life insurance policy would last if needed, while only 38% feel confident...