INSURANCE INDUSTRY NEWS

AI Investment Boom, Geopolitical Fragmentation Reshape Insurance Landscape: Swiss Re
Global insurance total premium growth is expected to slow from last year, according to Swiss Re Institute's latest sigma report. But as recurring supply shocks, geopolitical fragmentation and large-scale investments in new infrastructure reshape the global economy, the role of re/insurance in helping businesses and societies build resilience is becoming increasingly important. Read more.

CISOs Must Seize Moments Of Opportunity Among AI Chaos: Gartner
As AI accelerates both opportunity and disruption, chief information security officers should focus on three priorities, according to Gartner: modernizing identity as foundational infrastructure, redefining cybersecurity success around resilience rather than prevention, and lowering barriers to innovation. Read more.

Germania Mutual Deploys Guidewire ProNavigator AI
Guidewire is pleased to announce that Germania Mutual has deployed ProNavigator, Guidewire's AI assistant, in support of its underwriting and claims teams, giving every employee instant access to the knowledge and context they need to make the right decision at the right time in service of policyholders and partners. Read more.

Willis and Kayna partner with Kwant to launch new embedded insurance program for subcontractors
Willis, a WTW business, together with its embedded insurance infrastructure partner Kayna, have announced a strategic partnership with Kwant to launch KwantSure, a digital insurance program embedded directly within Kwant's workforce management platform. Read more.

KPMG, Microsoft Scale Enterprise Ai Agents Globally
KPMG and Microsoft are pleased to announced an expansion of their global relationship to help clients deploy AI at scale. KPMG will harness Microsoft Agent 365 to enhance its Trusted AI framework and help clients manage AI agents, and KPMG member firms will deploy Microsoft 365 Copilot across the global workforce. Read more.

Consumers Say GenAI Reduces Content Quality
Forty-nine percent of U.S. consumers agree that GenAI has made the quality of content available worse, according to a survey by Gartner, Inc. Among younger consumers, including Gen Z and millennials, 57% agree that GenAI has made content quality worse. Read more.

Manulife Recognized For AI Maturity By Evident
Manulife has been named the number one life insurance company for AI maturity overall for the second consecutive year in the 2026 Evident AI Index for Insurance, is now the top insurer in Canada and number one in the AI Leadership category, ranking third overall. Read more.

Petsecure, Pet Valu Join Together To Bring Value & Convenience To Pet Parents
Petsecure, Canada's largest pet insurance provider, and Pet Valu Canada Inc., the leading specialty retailer of pet food and pet-related supplies in Canada, are collaborating to enhance pet care for Canadians. This exclusive new multi-year collaboration brings together two of the most trusted names in pet care to give customers easier access to trusted resources, exclusive savings on both insurance and retail products, and a more connected experience supporting their pets. Read more.

BMO Launches Health & Dental Insurance Powered By GreenShield
BMO is pleased to announce the launch of BMO Health and Dental Insurance, a new offering distributed by BMO Insurance Solutions Inc. and powered by GreenShield, Canada's only national non-profit health care and insurance organization. Read more.

PGicover Launches Personal Guarantee Insurance For Canadian Business Loans
PGI Canada Ltd., in partnership with Purbeck Insurance and Markel Canada, is pleased to announce the launch of PGicover Personal Guarantee Insurance for business owners entering into loan agreements, designed to help business owners better understand and manage the personal financial exposure associated with personal guarantees, which are commonly required by lenders as part of commercial financing arrangements. Read more.

MindBridge Expands Audit & Assurance Platform
MindBridge is enhancing its platform with new capabilities designed to help audit and assurance professionals modernize risk assessment, focus audit attention more effectively across full-population financial data, and scale analytics-driven workflows across increasingly complex engagements. Read more.

Beneva Expands Oncology Coverage, Cancer Support
In response to the challenges faced by Canadians affected by cancer and their loved ones, Beneva is strengthening its efforts to provide more tangible and compassionate support throughout their journey. Read more.

In the InsurTech Spotlight this week:

Sentro
Sentro is designed for fully digital, end-to-end group insurance administration. We give insurers the ability to connect their brokers, service providers and group customers – right through to the insured. We deploy fast. Our customers can create new products and plans in hours, not months. Renew business in hours, not days. Quote business in minutes. Onboard customers and issue policies fully digitally, in real-time. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Property Claims Advisor
Gore Mutual Insurance
Cambridge, ON / Vancouver, BC

Risk Management & Insurance Specialist
City of Victoria
Victoria, BC

From Doug In the 1950s, Peter Drucker coined the term “knowledge worker” to describe a professional whose primary job is to generate, analyze, or manipulate information rather than perform physical labor – an employee whose primary asset is the capacity to think and innovate. As their main capital is their specialized expertise and problem-solving abilities, insurance-industry professionals would be knowledge workers. This broad classification can be subdivided into two smaller groups: Information workers apply existing information and standardized procedures to perform a specific, routine task, describing many insurance people. Knowledge workers apply critical thinking and subject-matter expertise to create new information or strategies from raw data. Key characteristics of this knowledge work: • Continuous learning: these roles require ongoing education, critical thinking, and the constant adaptation of skills. • High autonomy: knowledge workers typically dictate how their specific tasks and workflows are executed. • Value creation: rather than tangible goods, they produce strategies, systems, improved processes, refined rules. In practical terms, many people who have some “knowledge” responsibilities spend some or much of their time doing “information” tasks. AI was initially seen as a tool, but more recently it has developed into a potential replacement. More next week. Doug Grant, CIP Partner Insurance-Canada.ca