Bridging the Protection Gap: How Insurers Can Better Serve Evolving Needs
A recent Bain & Company report highlights a growing global protection gap in insurance — the difference between the coverage […]
Canada’s 2025 Wildfire Season Off to a Quiet Start, But Don’t Get Complacent
While Canada’s 2025 wildfire season has begun more mildly than in recent years, experts warn it’s too early to relax.
Home Insurance Rates Are Rising in 2025. What Canadian Homeowners Need to Know
Canadian homeowners can expect higher home insurance premiums in 2025, with rates rising by an average of 5.28%, according to
How Canada Can Avoid a Wildfire Insurance Crisis: Lessons from California’s Mistakes
A new report from the Insurance Bureau of Canada (IBC) warns that while Canada’s home insurance system remains more stable
Expect Insurance Fraud to Increase in 2025
Insurance fraud is experiencing a notable increase, influenced by various factors that pose significant challenges to the industry. A primary
How U.S. Tariffs on Canadian Steel Could Drive Up Home and Auto Insurance Costs
The recent imposition U.S. tariffs on Canadian steel imports is poised to affect home and auto insurance markets by increasing
How California’s Wildfires Could Impact Insurance Costs in Canada
Climate disasters don’t just affect local communities—they send shockwaves through the global insurance market. The devastating wildfires in California could
Canada Updates Disaster Recovery Funding Program
The Government of Canada is modernizing the Disaster Financial Assistance Arrangements (DFAA) to provide faster and more effective support to
2024 AI Insurance Industry Trends: How Artificial Intelligence Is Transforming Risk Assessment and Claims Processing
Insurance companies are poised for a significant shift toward AI adoption, though there’s currently a gap between ambition and implementation.
California Wildfires and Global Disasters Are Driving Up Home Insurance Costs in Canada
The devastating wildfires in California have highlighted the growing impact of climate change on the insurance industry. In recent years,