Insurable Interest Canadian Insurance Blog

Wawanesa offering $200,000 in grants Winnipeg, MB (Aug. 5, 2025) – With extreme weather becoming more frequent, unpredictable, and severe, Wawanesa Insurance is once again stepping up to help more Canadian communities become more resilient through its Wawanesa Climate Champions: Local Grants. Now in its second year, the initiative is offering $200,000 in total funding to support climate adaptation and mitigation projects that reduce the effects of extreme weather on communities. To help recipients make an even greater impact, Wawanesa has doubled the maximum individual grant amount to $50,000. The Wawanesa Climate Champions: Local Grants are open to qualified projects in any Canadian community. “From wildfires, to flooding and hailstorms, this past year has been the most destructive weather-wise in our country’s history,” said Jackie De Pape Hornick, Director, Communications & Community Impact at Wawanesa. “As our climate continues to change, Wawanesa is doing its part to help Canadians better protect what matters most.” The deadline to apply for the Wawanesa Climate Champions: Local Grants is September 26. Eligible organizations include registered charities, non-profits, and Indigenous communities. The initiative is part of the broader Wawanesa Climate Champions program, which invests $2 million annually to support the people and organizations on...

Get paid for any measurable rain Paris, France (Aug. 14, 2025) — Vortex Weather Insurance is pleased to introduce RainSureSM, the latest addition to the company’s line of parametric rain insurance products. RainSure differs from Vortex’s existing rain insurance products by offering incremental payouts for every .01 inch of rain up to a .25-inch, .5-inch, or 1-inch threshold selected by the policyholder. The biggest benefit of an escalator rain insurance policy like RainSure is that unlike traditional rain insurance policies, which only pay out when the rainfall amount meets or exceeds a certain threshold, a RainSure policyholder receives a payment for any recorded precipitation starting at .01 inches. “RainSure helps protect your event from any amount of rain, even small amounts,” said Andy Klaus, lead weather index insurance producer for Vortex. “No more worrying about whether the rainfall that is creating losses will be enough to trigger a payout. If it’s just one one-hundredth of an inch, you get paid.” The only parametric escalator rain product on the market, Vortex’s ground-breaking RainSure provides quick, easy payouts. The policy holder can choose from three different versions of the RainSure product, each with a progressive level of payout. RainSure also provides unique...

San Francisco, CA (Aug. 12, 2025) — In a provocative step that signals a seismic shift in the insurance landscape, SUPERAGENT AI, the San Francisco–based InsurTech innovator, has announced its ambitious goal to launch the first fully autonomous AI Insurance Agent by the end of 2025. This groundbreaking AI promises to handle every aspect of insurance advisory, sales, and customer service, around the clock, and more efficiently than traditional agents. SUPERAGENT AI’s bold claim sets the stage for intense industry debate, asserting that AI-driven insurance agents will outperform human counterparts in accuracy, responsiveness, and customer satisfaction. The company predicts that within the next year, traditional insurance agent roles will drastically evolve or risk obsolescence. “We’re not just reshaping insurance; we’re redefining what it means to be an insurance agent,” said Milan Veskovic, CEO of SUPERAGENT AI. “Our fully autonomous AI agents will eliminate human error, offer superior client interactions 24/7, and fundamentally alter industry expectations.” While this radical transformation unfolds, SUPERAGENT AI is rolling out powerful interim solutions designed to prepare insurance agents for seamless AI integration while delivering measurable gains today. The first flagship offerings, BOOT|camp and LIVE|assist, will debut publicly in September 2025. Together they cut new-hire ramp-up...

With Capacity Provided by Allianz, Active Insurance is Now Available to Businesses up to €1 Billion in Revenue on a Primary Basis Paris, France (Aug. 20, 2025) — Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, is pleased to announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. French companies with revenues of up to €1 billion can now access innovative cyber risk management and cyber insurance coverage on a primary basis. Capacity is provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) in a multi-year agreement. “Coalition’s Active Insurance combines comprehensive cyber insurance with internal technical cybersecurity knowledge, technologies, and services for a completely integrated approach to risk,” commented Tine Simonsen, Coalition’s Head of Insurance, Continental Europe. “As global cyber threats grow, French businesses – small businesses especially – need an experienced and innovative insurance provider that not only helps mitigate financial losses, but also equips them with the cybersecurity tools necessary to better understand their risks, strengthen their defenses, and prevent future attacks.” Coalition’s integrated approach to cyber risk management combines some of the most comprehensive coverage available on...