Insurable Interest Canadian Insurance Blog

Toronto, ON (Aug. 7, 2025) – Rival Insurance Technology, a leader in insurance technology, today announced the launch of Reveal, a new rating data insights product built to deliver anonymized, policy-level market intelligence to the industry. Reveal captures a significant volume of policy quotes in real time from Rival’s BMS and rating ecosystem, anonymizes the data to meet strict privacy and regulatory standards, and organizes it into structured, actionable insights. Customers can use Reveal’s intelligence to refine product offerings, inform pricing strategies, and track market trends. “Reveal delivers real and accurate policy data that shows patterns, participation, and behaviour in the market,” says Dave Schioler, Executive Vice President, Business Development at Rival Insurance Technology. “We listened to the market and heard the same message clearly: carriers, brokers, and MGAs need an alternative source of data insights. For too long, there has been only one choice, and we know the industry deserves another.” Key features include: Policy-Level Market Data: Regular snapshots of real, anonymized quotes across multiple lines, including auto and habitational. Broad Market Coverage: Data collected from multiple carriers and brokers across the country, providing a solid statistical representation of what’s happening in the market. Actionable Intelligence: Includes key fields...

A New Commercial Division Serving British Columbia, Alberta & Ontario Oakville, ON (Aug. 5, 2025) – Ai Insurance Organization is proud to announce the official launch of Ralden Insurance, a new commercial division built to serve the growing mid-market and large professional markets across British Columbia, Alberta, and Ontario. Led by Managing Partner Riddick Luthra, Ralden Insurance brings deep expertise in commercial risk, a modernized approach to client service, and a long-term commitment to partnership. Ralden specializes in core commercial lines including Professional Liability (E&O), Commercial Property, and General Liability (CGL), supporting clients in industries such as construction, environmental, engineering, tech startups, and professional services. The team has particularly strong expertise in errors and omissions coverage for architects and engineers. Beyond insurance placement, Ralden supports clients with contract reviews, terms and service agreement advisories, and ongoing guidance to help mitigate risk as their businesses grow. “We’re building more than a brokerage, we’re building a reliable partner for business owners navigating risk and growth,” said Riddick Luthra, Founder and Principal Broker at Ralden Insurance. “With the backing of Ai’s national markets and infrastructure, we can offer the responsiveness of an independent firm with the firepower of a top-tier commercial brokerage.” Ralden...

Toronto, ON (Aug. 5, 2025) – QuickFacts, an InsurTech provider of knowledge management tools for insurance brokerages, is pleased to announce an expanded partnership with My Mutual Insurance. This collaboration supports My Mutual’s commitment to Saskatchewan brokers by making it easier to access critical underwriting information, helping them work more efficiently and serve clients with confidence’ My Mutual is a fast-growing, innovative mutual insurance company based in Saskatchewan. With a unique culture that prioritizes relationships and customer service, it brings the insurance industry back to its roots, placing People First: On Purpose. Providing insurance for over 130 years, My Mutual offers a full suite of insurance products to clients through over 200 brokerage connections. With this partnership, My Mutual Insurance partnered brokerages can access key underwriting details quickly and easily through QuickFacts. Instead of flipping through PDFs or chasing down updates, brokers get the information they need in seconds, helping them quote accurately and avoid rework. That saves time, cuts down on back-and-forth, and ultimately reduces costs. In an industry where rules and requirements change often, having a tool that keeps everything up to date is a real advantage for brokers who want to stay responsive and provide solid advice....

Ontario car insurance premiums rose 4.1% in 2025 Toronto, ON (July 16, 2025) – Car insurance costs continue to be an escalating burden for Ontario drivers. Despite efforts to contain rate hikes, premiums have continued to rise in most cities across the province, driven by factors such as surging repair costs, vehicle theft, insurance fraud and increasing claim payouts. To understand how costs are evolving, our team at MyChoice, a leading Canadian insurtech company, conducted a detailed analysis of year-over-year car insurance inflation across Ontario municipalities. We examined thousands of real quotes generated through MyChoice between January and June 2025 and compared them with the same period in 2024. For consistency, we focused on quotes reflecting the most common driver profile: a 35-year-old married individual (male or female) who is currently insured and maintains a clean driving record. The costs were analyzed based on the most popular vehicles in Ontario, including Honda Civic, Mazda CX-5, Ford Escape, Toyota Corolla, Honda Accord, and Chevrolet Equinox. This standardized approach enabled us to track premium movements across regions in a reliable and comparable way, while still drawing from real, location-specific pricing data provided by insurers. The findings provide a clear snapshot of how...