Insurable Interest Canadian Insurance Blog

By Joseph D’Souza, Founder & CEO, ProNavigator — Effective employee onboarding is crucial for setting the stage for new hires’ success. It helps them understand their role, acclimate to the company culture, and accelerates their productivity. A well-structured onboarding process can drastically improve job satisfaction and retention rates. On the flip side, a poor onboarding experience sends up red flags, creates unnecessary anxiety for your new employee, and sends a message that they are not that important and that the company doesn’t value putting employees in a position to succeed. Why Proper Onboarding Matters Proper onboarding isn’t just paperwork and office tours; it’s the foundation for a mutually beneficial relationship between company and employee. Here’s why a well-structured onboarding program is crucial for both parties: Employee Benefits: Hitting the Ground Running: Onboarding equips new hires with the knowledge and tools they need to succeed. Training programs and mentorship ensure they understand their role, company culture, and expectations. This translates to faster productivity and a sense of accomplishment. Feeling Valued: A well-planned onboarding makes employees feel welcome and appreciated. It shows the company is invested in their success, fostering loyalty and engagement. Reduced Anxiety: Starting a new job is often stressful. Onboarding clarifies...

Gothenburg, Sweden (June 20, 2025) – IoT analyst firm Berg Insight has released a market report, The Motor-Powered Two-Wheeler Telematics Market – 2nd Edition, which analyses the latest developments on the connected motorcycle, scooter and moped market worldwide. This study provides 85 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base business decisions. The adoption of telematics in the two-wheeler industry has recently begun to pick up speed but only a few of the largest two-wheeler OEMs offer embedded telematics services today. Most major motorcycle OEMs have begun to consider including embedded telematics systems and many will likely introduce such offerings in the future. Important drivers for telematics include safety and security services such as emergency and roadside assistance services and stolen vehicle tracking solutions. The increasing interest in electric two-wheelers is also a major catalyst for telematics adoption. At the end of 2024, an estimated 16.7 million active two-wheeler OEM telematics systems were in use globally. Growing at a CAGR of 29.0 percent, this number is expected to reach 59.7 million in 2029. Annual shipments of OEM telematics systems are expected to reach 24.9 million by 2029, up from...

Toronto, ON (June 17, 2024) – Brickeye, a leading provider of Construction IoT (Internet of Things) and job site risk mitigation technology services, is proud to announce the launch of BuildersRiskIQ™, a first-of-its-kind digital dashboard designed to transform how builders mitigate construction risk and secure Builders Risk insurance coverage. BuildersRiskIQ™ empowers insureds, brokers, and underwriters by providing unprecedented visibility into IoT-enabled water damage mitigation—starting at the pre-construction and coverage quoting phase. For the first time in the construction insurance industry, IoT loss control plans can be scoped, verified, and communicated with ease as part of the Builders Risk placement process. Leveraging Brickeye’s proven IoT protection services, the dashboard allows stakeholders to visualize and securely share project-specific IoT water mitigation plans, backed by Brickeye’s Certificate of Protection. This proactive, tech-enabled approach strengthens insurance submissions, giving underwriters increased confidence and enabling insureds to reduce water loss deductibles by up to 50%—significantly lowering total cost of risk. “Industry studies show that IoT protection can reduce water damage exposure on job sites by up to 90%,” said Alex Fuentes, EVP Strategic Growth at Brickeye. “With BuildersRiskIQ™, insureds and brokers can now submit committed, IoT-enabled water mitigation plans from the outset, leading to smarter insurance...

As a precise understanding of maritime activity becomes a key factor in risk management, Unseenlabs announces the launch of its new radio frequency (RF) detection satellite, BRO-18 Rennes, France (June 17, 2025) – Unseenlabs, the leader in space-based radio frequency (RF) detection, announces the upcoming launch of its latest satellite, BRO-18. This new asset will expand Unseenlabs’ existing constellation and further strengthen its operational capabilities in tracking illegal and unreported maritime activity. The launch is scheduled for NET June 2025 aboard SpaceX’s Transporter-14 mission from Vandenberg Space Force Base in California, with the support of Exolaunch. A Concrete Response to Global Maritime Challenges BRO-18 will increase the revisit rate of Unseenlabs’ constellation, which is already operational across key strategic maritime zones worldwide. With the ability to precisely detect RF signals—even without cooperative transponders—Unseenlabs provides decision-makers with a unique capability to monitor, identify, and anticipate suspicious behaviors at sea. From maritime security and illegal fishing to environmental risk prevention and insurance risk modeling, Unseenlabs continues to position itself as a trusted partner for both public and private stakeholders. “This new satellite strengthens our commitment to delivering high-quality, independent, and actionable data that supports strategic decision-making in an increasingly complex maritime environment”,...