Insurable Interest Canadian Insurance Blog

Neocloud providers emerging as a significant competitive force in the AI cloud market Stamford, CT (June 30, 2026) – By 2030, neocloud providers will capture 20% of the $267 billion AI cloud market, according to Gartner, Inc., a business and technology insights company. “Neocloud” refers to cloud providers built specifically for AI and high-performance workloads. The rapid growth of GenAI is creating unprecedented demand for GPU-intensive computing, accelerating investment in localized, high-performance infrastructure and exposing the limitations in traditional cloud models. Neoclouds are challenging the dominance of hyperscalers by focusing on AI-optimized infrastructure. “While U.S. hyperscalers are launching their own sovereign offerings, a new wave of specialized neocloud providers is gaining significant traction,” said Enrique Castera, Sr Director Analyst at Gartner. “These neoclouds are differentiated by their focus on AI-optimized infrastructure and high-performance workloads. Some also focus on sovereign cloud capabilities, ensuring data and operations remain within specific jurisdictions. Sovereign neoclouds provide contractual guarantees that some or all aspects of the cloud environment, such as data, operations, and governance, remain confined to national boundaries, protecting them from foreign legal claims and extraterritorial access.” Increasingly stringent data sovereignty requirements are compelling organizations to seek greater control over where AI data is...

Companies aim to remove two of the biggest barriers blocking enterprise risk modernization: cost and complexity of migrating off legacy cybersecurity platforms New York, NY (July 1, 2026) – Accenture and ServiceNow, the AI control tower for business reinvention, are pleased to announce the launch of a joint offering with two core components: managed security services built on the ServiceNow AI Platform and an Accenture AI-powered solution that automates migration from legacy systems to ServiceNow. Together, Accenture and ServiceNow are removing two of the biggest barriers blocking enterprise risk modernization: cost and complexity of migrating off legacy cybersecurity platforms. Data breach costs continue to surge in the U.S., reaching an all-time high of $10.22 million in 2025 per incident, up 9% year over year. Additionally, AI is compressing the window between a vulnerability being discovered and exploited from months to mere hours. As cyberattacks grow in speed and sophistication, Accenture and ServiceNow are equipping organizations with essential risk management services powered by agentic AI to stay ahead of evolving threats, strengthen long-term cyber resilience, and combat the escalating scale, severity, and financial cost of cyberattacks. “Cyber resilience is a clear business imperative as organizations face a growing volume of threats...

NTT DATA leveraging Cursor to strengthen its own engineering and delivery model Enterprise-grade governance helps modernize and transform delivery with greater trust and control London, UK (July 1, 2026) – NTT DATA, a global leader in AI, digital business and technology services, is pleased to announce a strategic partnership with Cursor, the leading multi-model AI coding platform. Under this initiative, NTT DATA will use Cursor’s advanced AI agents to power the innovation of its global software engineering and delivery models. Cursor will enable NTT DATA to design, build and modernize enterprise systems with greater speed and control, while supporting the governance enterprises require. The collaboration marks a strategic advancement in NTT DATA’s transformation into an AI-native services company, enhancing how the company designs, builds and modernizes mission-critical systems. NTT DATA is operationalizing AI inside its engineering and delivery engine with enterprise-grade controls to enable faster modernization of clients’ legacy estates, accelerate cloud and AI transformation initiatives, and drive greater consistency across delivery environments. Including AI agents directly in the engineering layer helps ensure that application modernization and development efforts remain aligned with enterprise-wide AI strategies. These capabilities enhance NTT DATA’s broader full-stack portfolio. “Enterprise modernization is no longer just about...

Businesses are facing a permanent high-risk environment, as sharp rises in technology, geopolitical and regulatory threats create a more volatile operating environment and force tougher strategic choices, according to new research from global law firm Clyde & Co. 86% of business leaders now rate technological risk as high impact, up from 46% last year 72% say geopolitical risk is having a direct commercial impact, up from 49% 85% cite regulatory and compliance burden as high impact, up from 54% Four in five organisations say geopolitical shifts are influencing where and how they operate globally Nearly six in ten say the complexity of overlapping risks is the biggest barrier to managing them effectively London, UK (July 1, 2026) – The latest edition of Clyde & Co.’s Corporate Risk Radar report, based on a survey of 700 senior decision-makers across eight regions and ten sectors, shows sharp year-on-year increases across every major risk category. Respondents – including CEOs, CFOs, COOs, General Counsel and board members – represent organizations with an average global turnover of $14.7 billion. The findings suggest risk is no longer being experienced as a series of isolated challenges. Instead, business leaders are increasingly dealing with risks that overlap, compound and...