Insurable Interest Canadian Insurance Blog

AI tools like Mythos are accelerating how quickly cyber vulnerabilities are being found and exploited. This explainer sets out what Mythos changes, what it doesn’t and how brokers can help clients stay focused on what matters most. — By Isabel Finn, CFC — Artificial intelligence has been influencing the mechanics of cyber security for years. But tools like Mythos mark a visible shift. Developed by Anthropic, the team behind Claude, Mythos is designed to discover vulnerabilities and support security testing at a fraction of the time, compressing work that once took days and weeks into hours. That acceleration is creating concern. While Mythos is intended as a force for good, those same capabilities could be exploited by threat actors to find viable targets and launch attacks at scale. So what does Mythos actually change, should businesses worry and will cyber security ever be the same again? What is Mythos, and how will it impact cyber threats? Mythos is an advanced AI security model. It’s designed to support defensive cyber security research, using large language models (LLMs) with strong coding and reasoning capabilities to analyze software, identify vulnerabilities and support security testing at unprecedented speed. Its capabilities have been reviewed by...

BDC’s StrongNorth Fund invests in Photonic and Lastwall, and partners with initiatives like UBC Sauder School of Business’ Scale Up Program Montreal, QC (May 27, 2026) – The Business Development Bank of Canada (BDC) is pleased to announced new investments in Canadian dual use innovators through its StrongNorth Fund, alongside a partnership with UBC Sauder School of Business’ Scale Up Program, as it continues deploying its Defence Platform launched in December 2025. “We’re at a moment where Canada’s defence and economic sovereignty are increasingly shaped by technology,” said Peter Dawe, Vice President, Defence Strategy, BDC. “But ultimately, sovereignty depends on our ability to build and scale real capabilities—companies that can deliver, secure critical systems, and operate in complex environments. Through StrongNorth, we’re backing Canadian firms that are turning quantum and identity security into real‑world defence capability—focused on technologies that are ready to deploy today, while building the next wave of capability behind them.” As countries face rising cyber threats, these investments highlight how Canada is building defence capability across critical technologies. They also show how that capability is beginning to translate into real‑world applications, with companies advancing strengths across multiple critical technology domains and forming a broader national base of...

After taking 20 years to reach its first $1 billion in paid claims, Trupanion surpassed $4 billion just 18 months after crossing $3 billion, highlighting the growing role of high-quality pet insurance in reducing barriers to care Seattle, WA (May 26, 2026) – Trupanion, the leading medical insurance provider for cats and dogs in North America, is pleased to share it has reached the milestone of $4 billion in claims paid out to customers, helping more than 3.9 million pets receive care. Lacy Pushes Trupanion Past $4 Billion When Lacy, a three-year-old Goldendoodle from Illinois, recently received medication to help manage her allergies, it meant more than relief from a chronic condition—it meant her family could focus on her comfort rather than the bill. Lacy enrolled with Trupanion, North America’s leading pet medical insurer, when she was just two months old. By a year and a half, she was already receiving treatment for chronic allergies, and by age three, Trupanion had paid out nearly $2,000 across multiple allergy-related claims—an early reminder of how quickly the costs of ongoing conditions can add up over a pet’s lifetime. Stories like Lacy’s are playing out every day for thousands of pet families who...

Global travel intent remains robust at 74 % 42 % of global travelers plan to vacation domestically in 2026 77 % of global travelers concerned about the rising cost of travel 54 % of global travelers are likely to attend concerts, festivals or performing arts events during their trips, while 41 % plan to attend sporting events €1,572 (CAD$2,552) is the anticipated average global spend per person on a holiday this summer Saint-Ouen, France (May 20, 2026) – Global travel intent remains resilient in 2026, with nearly three-quarters (74%) of people worldwide still planning a summer holiday. However, new research from Allianz Partners Global Travel Confidence Index reveals the sector is being increasingly reshaped by economic pressure, geopolitical uncertainty and changing consumer priorities. The survey, conducted by Ipsos, of 11,010 people covered 10 key markets including China, France, Germany, Great Britain, India, Italy, the Netherlands, Spain, Switzerland and the United States. The research highlights a global traveler who is adapting rather than retreating. While travel intentions remain robust, holidaymakers are changing how and where they take their holiday. Travel demand remains strong, but increasingly local Domestic travel is leading the way for many travelers this summer, with 42% of global...

Exclusive alliance embeds Claude Cowork in KPMG’s global client delivery platform starting with new capabilities for Tax & Legal clients Anthropic names KPMG as a preferred consultant for Private Equity KPMG’s 276,000+ global workforce provided access to Claude New York, NY (May 19, 2026) – KPMG and Anthropic are pleased to announce KPMG Digital Gateway Powered by Claude, bringing Anthropic’s frontier AI directly into KPMG’s client delivery platform. The launch is part of a global alliance, with an initial focus on tax clients and private equity firms. By embedding Claude into Digital Gateway, KPMG’s market leading AI-enabled platform, clients can build agentic workflows in real time to help drive better outcomes. KPMG in the U.S. will also embed Claude into its PE-focused product offerings, and the two organizations will co-develop new Claude-powered products for portfolio companies. “At KPMG, we’re innovating and redefining how work gets done,” said Bill Thomas, Global Chairman and CEO, KPMG International. “This global alliance with Anthropic reflects our shared commitment to responsible AI, prioritizing security, trust, and governance as KPMG firms scale these capabilities to our clients and people around the world. “KPMG works in industries where accuracy, accountability, and trust aren’t optional, and they’re applying...