Insurance Business Canada

Climate change is reshaping group benefits claims in Canada.

Christelle Lim‑Severe, sustainability practice leader at Beneva, highlights rising claims for asthma, eczema, and lung cancer — with data showing links to wildfire smoke, pollen, and environmental exposure, not just lifestyle factors. Mental health impacts such as eco‑anxiety are also emerging as climate‑driven risks.

Explore Beneva’s findings on how climate pressures are influencing health claims — and what it means for insurers, employers, and employees.

https://hubs.la/Q04lSLnp0

The group benefits claims nobody tied to climate – until now Beneva's Christelle Lim-Severe says several issues are climbing in the insurer's claims data, and the trend lines are tracking climate, not lifestyle

: Canada’s trucking risks are evolving fast — and thieves are adapting.

Randy Ramkissoon of NFP warns that cargo theft, driver training gaps, and broker liability are reshaping the risk landscape, with criminals now able to bypass single GPS trackers and claims growing more severe.

Learn how brokers and carriers can strengthen defenses and rethink risk management strategies in Canada’s trucking sector.

https://hubs.la/Q04lSw_30

Canada’s top insurance claims carriers for 2026 revealed.

Insurance Business Canada has published its 5‑Star Claims list, recognizing carriers such as Allianz Global Assistance Canada, Arch Insurance Canada, and Northbridge Insurance for outstanding broker‑validated performance in claims handling, responsiveness, and operational consistency.

Explore the full report to see which insurers are setting the benchmark for claims excellence in Canada’s demanding market.

https://hubs.ly/Q04lSC580

Revealed – top insurance claims carriers in Canada for 2026 Broker nominations and insurer submissions identify the carriers delivering when it counts most

Canada’s commercial insurance market is softening — and competition is sharper than ever.

Terryl Varghese, Senior Commercial Property, Casualty and Fleet Underwriter at Unica Insurance, points to fewer catastrophic losses, lower reinsurance costs, and expanding capacity as key drivers. In this environment, price is no longer a differentiator — brokers are prioritizing responsiveness, speed, underwriting clarity, and technical expertise.

Read the full report to see how carriers can thrive in a soft market by investing in service, specialization, and stronger broker partnerships.

https://hubs.la/Q04lJmRx0

Soft market, sharp competition Why pricing is no longer a differentiator in Canada’s commercial market

INTERPOL’s latest cyber threat assessment isn’t just a regional snapshot — it’s a wake‑up call for Canadian brokers and underwriters.

Explore the full INTERPOL report and assess how your cyber placements align with today’s threat environment. The pricing gap between falling premiums and rising claims severity won’t last — Canadian brokers and underwriters need to prepare now.

https://hubs.la/Q04lKcj20

What INTERPOL's new cyber report means for Canadian brokers and underwriters A new INTERPOL threat assessment documents a cybercrime ecosystem generating $40 billion a year

War risk exclusions are the hidden blind spot in many group benefits programs — and most employers don’t even know they’re there.

Kelly Trail, Director of Global Travel Risk Management at HUB International, warns that default war risk exclusions in business travel accident (BTA) plans often leave multinational employers exposed.

Explore the full report to see how employers can close these gaps and build resilient duty of care programs that truly protect their people.

https://hubs.la/Q04lJzDB0

The group benefits blind spot: war risk exclusions employers don't know they have Kelly Trail says if there's no documentation behind your duty of care program, it may as well not exist – and the gap she sees most often is the one nobody thinks to check

In multinational insurance programs, coverage gaps aren’t the biggest threat — communication breakdowns are.

Phil McDowell, Global Sales and Distribution Lead for International Programmes and Captives at HDI Global, warns that the most common failure in multinational programs comes when local partners don’t even realize they’re part of a global structure.

Read the full analysis to see how insurers and brokers can strengthen communication and deliver seamless multinational program management.

https://hubs.la/Q04lKdHw0

Communication kills more multinational insurance programs than coverage gaps ever will, says expert HDI's Phil McDowell says the most common breakdown starts with a local partner who didn't know they were part of a global program

Novo Nordisk faces a major cybersecurity crisis.

FulcrumSec claims to have stolen over a terabyte of sensitive data from Novo Nordisk and is demanding a $25 million ransom, raising serious concerns for the maker of Ozempic and Wegovy.

Read more about this unfolding breach and share your thoughts on how the industry should respond.

https://hubs.la/Q04lFgbV0

Ozempic maker Novo Nordisk hit with $25 million ransom demand after claimed data breach FulcrumSec says it spent more than two months inside Novo Nordisk's networks and is now exploring private sales of the data after the company refused to pay

Lockton makes a bold move into Canada’s brokerage market!

Stéphane Lespérance, former President and CEO of Aon Canada, has been appointed founding CEO of Lockton’s new Canadian retail business — signaling the strength of the independent broker model and Lockton’s ambition in one of the world’s top 10 insurance markets.

Learn how this leadership shift could reshape competition and client‑centric advisory in Canada’s insurance sector.

https://hubs.la/Q04lB7VT0

Aon Canada's president and CEO Stéphane Lespérance jumps to broking giant rival When the head of a thriving Aon Canada chooses to start over at an independent, it says something about where the Canadian market is headed

Ontario expands driver choice, while Alberta bets on no‑fault!

Duncan Meadows of EY Canada explains how Ontario’s à la carte accident benefits reform contrasts with Alberta’s upcoming Care‑First no‑fault model, reshaping litigation, claims costs, and insurer participation across both provinces.

Explore how these divergent reforms could redefine auto insurance affordability, broker advisory roles, and market stability in Canada.

https://hubs.la/Q04lyYJv0

Ontario gives drivers more choice. Alberta is betting the opposite approach works better Many carriers have already left Alberta – and they aren't likely to come back until the new system proves it can be profitable