Insurable Interest Canadian Insurance Blog

Collaboration provides enterprise-grade platforms to accelerate AI-powered innovation across industries Tokyo, Japan (Jan. 6, 2026) – NTT DOCOMO GLOBAL and Accenture are teaming up to develop and scale the Universal Wallet Infrastructure (UWI), a groundbreaking platform designed to deliver enterprise-grade digital trust services. The jointly developed infrastructure empowers organizations to issue, verify, and manage credentials and tokens across digital identity, money, assets, and documents—ensuring seamless interoperability across enterprises, governments, industries, and geographies. This advances innovation, safeguards user consent, and opens new revenue streams while meeting regulatory standards. As the global economy becomes more digital and AI-powered, individuals are demanding greater transparency, control, and trust in how their data is used, while organizations are being challenged to capitalize on the potential of data and AI to minimize risk, introduce efficiencies, and increase resilience. Organizations need to reassess current data architectures and explore decentralized approaches that unshackle them from central systems to significantly increase the utility of data. UWI addresses these challenges by bridging today’s fragmented, siloed systems with decentralized technologies for secure, trusted, real-time data exchange and seamless coordination among partners, while enabling AI at the edge to deliver real-time, personalized services. By giving users control over their information, UWI fosters...

Monetary easing and fiscal stimulus to strengthen economic growth in Canada and the U.S. AI investment and development projected to drive innovation, productivity across economies Continued wealth effect to fuel markets and household spending Winnipeg, MB (Dec. 31, 2025) – According to IG Wealth Management’s 2026 Market Outlook, Canadian investors that continue to exercise discipline and patience amid market uncertainty, while prioritizing fundamental-driven investment management, will find themselves on the right path in 2026. “Investors can expect the global economy to continue on a positive trajectory in 2026 as we move past the rolling recessionary environment of 2023 and tariff uncertainty over the last year,” said Philip Petursson, Chief Investment Strategist, IG Wealth Management. “Recession risk remains low into 2026, while our macro indicators related to financial conditions support a constructive outlook for the year ahead. The markets have largely stabilized following volatility from early 2025, and investors that stayed the course should feel confident about the durability of the current market cycle.” In its Outlook, IG’s Investment Strategy Team believes the following themes will support the broader economy, alongside equity and fixed income markets in 2026: Monetary Easing and Fiscal Stimulus to Drive Economic Growth Rate cuts are expected to...

Home appliances connected to SmartThings app enable lower insurance premiums through simple assessment process at no additional cost Las Vegas, NV (Jan. 5, 2026) – Samsung Electronics Co., Ltd. is pleased to announce Smart Home Savings, a new service developed with Hartford Steam Boiler (HSB), Munich Re’s powerhouse for technology-driven risk management services and a leading provider of equipment and appliance insurance. The service can help U.S. consumers lower home insurance premiums by recognizing the protective capabilities of existing Samsung home appliances connected to the SmartThings platform.[1] By opting into Smart Home Savings through the SmartThings app, customers let participating insurance carriers know about the protective features of their connected appliances. Homes with appliances that can detect early risk indicators like small water leaks may be recognized as having a stronger safety profile. With the information about which connected appliances consumers have on SmartThings, insurers are aware that a household is equipped with smart appliances capable of identifying issues and notifying its users, and they can apply premium reducing policy credits resulting in lower premiums. This approach not only reduces costs for families, but also demonstrates how technology has the potential to reshape home insurance. Proven Success With Plans for...

Waterloo, ON (Jan 2, 2026) – Definity Financial Corporation is pleased to announce that it has completed the acquisition of the personal insurance business and the majority of the commercial insurance business (excluding the surety business) of the Canadian operations of The Travelers Companies, Inc. (the “Transaction”). “Today marks a new era for Definity as we complete this milestone acquisition,” said Rowan Saunders, President & CEO, Definity. “We extend a warm welcome to our new colleagues and remain deeply committed to delivering a positive experience for our customers and valued broker partners. Together, we will continue building a Canadian champion.” RBC Capital Markets acted as financial advisor and Blake, Cassels & Graydon LLP served as legal advisor to Definity in the Transaction. About Travelers Travelers (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of more than US$46 billion in 2024. For more information about Travelers, visit www.travelers.com. About Travelers Canada Travelers Insurance Company of Canada, The Dominion of Canada General Insurance Company and St. Paul Fire and Marine Insurance Company are the Canadian licensed insurers known...

Vancouver, BC (Dec. 31, 2025) – Severe weather that caused flooding in southern British Columbia (BC) last month led to evacuations, power outages, and damaged homes and farms, disrupting the lives and livelihoods of thousands of British Columbians. Tragically, it has also led to loss of life. Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada (IBC), issued the following statement: “Severe weather and flooding in the Fraser Valley and southwestern BC have once again disrupted the lives of residents and business owners across the region. Coming just four years after the devastating 2021 floods, this most recent flood damage is a painful reminder of the need to build our resilience and better protect communities from the new weather reality we face. “It will be several weeks before we know the total insured losses from this recent flooding. For those who have insurance coverage for floods, insurers are working hard through the claims process to help homeowners, tenants and business owners restore their properties and get back on their feet. “While Canada’s insurers offer flood insurance to 93% of BC homeowners, it remains unavailable for those at highest risk – including many of the properties that have experienced damage...