Insurable Interest Canadian Insurance Blog

Serenia Life is First-to-Market for Empathy’s Legacy Planning Platform for Canadian Families New York, NY (Apr. 9, 2026) – Empathy, the leading technology platform transforming how families prepare for and navigate life’s most difficult moments, is pleased to announce the launch of its digital legacy planning platform, Empathy LifeVault™ in Canada, coming first-to-market with Serenia Life, a leading member-based life insurer. LifeVault provides a secure platform for legacy planning, making it possible for users to create and manage legally valid documents such as Wills, Powers of Attorney, and Advance Care Directives. In April, Empathy released The Hidden Barriers to the Great Wealth Transfer Report, which detailed the critical barriers blocking families from effectively preparing legacy plans. The data found that many families lack the documents required for a smooth transition. For example: Only a third of Canadian families have formal estate plans (33%), and even less have financial plans (29%) in place More than half (52%) of Canadian families say existing documents are incomplete, outdated, or simply unfindable Over 1 in 4 of Canadian families simply rely on informal or verbal plans, which offer no legal protection and are not formally documented anywhere “At Empathy, we’re dedicated to supporting families...

ViClarity launches AI-powered Reg Monitor to turn regulatory updates into actionable, audit-ready workflows for compliance teams and ease the burden of manual monitoring New regulatory horizon scanning capability helps compliance teams identify relevant federal and state updates and manage implementation through centralized, auditable workflows Stamford, CT (Apr. 9, 2026) – ViClarity is pleased to announce the first in a series of AI-enabled capabilities. Reg Monitor is an enhancement to the regtech company’s compliance management software designed to help compliance teams keep pace with fast-moving regulatory change. The tool comes at a time when governance, risk and compliance (GRC) teams are under increasing pressure to keep up with a more complex regulatory landscape — and often with fewer resources. “As the patchwork of federal and state regulations grows more complex, relying on fragmented sources to track regulatory updates creates real risk for GRC teams,” said Ogie Sheehy, Global CEO of ViClarity. Quick Take on Reg Monitor Who: ViClarity, provider of GRC management software What: Launch of Reg Monitor, an AI-powered regulation monitoring tool Why: Reduce risk of missed or mismanaged regulatory changes and improve compliance execution How: Continuously scans applicable federal and state regulatory sources, delivers AI-generated summaries and connects updates...

Toronto, ON (Apr. 23, 2026) – Markel, the insurance operations within Markel Group Inc., is pleased to announce the launch of two new combined environmental insurance solutions designed to simplify coverage placement and address the complex liability exposures faced by manufacturers and environmental service firms across Canada. The new offerings provide streamlined access to broad, integrated coverage under a single policy form, helping reduce gaps and simplify placement while responding to the evolving environmental risk landscape faced by manufacturers and environmental service firms. They reflect Markel’s continued focus on strengthening its specialty capabilities in Canada and supporting brokers with practical solutions to emerging environmental exposures. Combined Form for Manufacturers The Manufacturers Combined Form is designed for a wide range of manufacturing operations and integrates multiple critical coverages, including: General liability Premises pollution liability Products pollution liability Transportation pollution liability Non-owned disposal sites This solution is geared toward manufacturers of all types, addressing pollution and liability exposures arising from production, distribution, transportation, and waste-disposal activities. Combined Form for Environmental Contractors and Consultants The Environmental Contractors and Consultants Combined Form delivers comprehensive protection for firms providing environmental services, combining: General liability Contractors pollution liability (CPL) Errors & omissions (E&O) Non-owned disposal sites...

Company to offer new public-sector solutions amidst projected increased civil projects nationwide and ever-increasing pressures from extreme weather Nisku, AB (Apr. 22, 2026) – Tributary Public Risk (TPR) has formally launched operations as the first Canada-domiciled insurance provider purpose-built to serve public sector organizations. Tributary Public Risk was established to address the distinct risk, governance, and procurement needs of municipalities, schools, crown agencies, and other public entities. Operating through licensed insurance brokers, the organization applies a data-driven underwriting approach supported by service standards aligned with public sector expectations. The launch comes amid sustained investment in public infrastructure across Canada. According to forecasts from ConstructConnect, civil construction is expected to be the primary driver of Canada’s construction market through 2027, growing by approximately 26 per cent and increasing from $32.6 billion in 2025 to an estimated $41 billion by 2027. Civil projects are projected to account for nearly half of all non-residential construction activity nationally, reflecting a growing emphasis on public infrastructure delivery. At the same time, Canadian public entities are facing increasing financial exposure from extreme weather and natural disasters. According to Catastrophe Indices and Quantification Inc. (CatIQ), insured losses from severe weather events exceeded $2.4 billion in 2025, making...