Emerging Risks

Insurers Must Act Now on AI Risks, Legal Expert Warns
Regulatory & Compliance Insurers Must Act Now on AI Risks, Legal Expert Warns

The rapid integration of artificial intelligence (AI) into the Canadian insurance industry has brought unprecedented opportunities for efficiency and innovation, but it also presents a minefield of legal risks that cannot be ignored. At the National Insurance Conference of Canada (NICC), legal

Are Motor and Home Insurance Premiums Finally Stabilizing?
Insurance Are Motor and Home Insurance Premiums Finally Stabilizing?

In a landscape where financial burdens often weigh heavily on households, imagine opening a bill to find that motor and home insurance premiums have dropped yet again, bringing a sigh of relief to many. For numerous families, this scenario has become a reality in the third quarter of this year, as

Bold Penguin Acquires SquareRisk to Boost Specialty Insurance
Technology & Trends Bold Penguin Acquires SquareRisk to Boost Specialty Insurance

What if securing coverage for the most intricate business risks was as simple as a few clicks? In an industry often bogged down by complexity, Bold Penguin has made a striking move by acquiring SquareRisk, a specialized marketplace for specialty and excess & surplus (E&S) insurance. This deal,

Rising Cyber Claim Costs Threaten ANZ SMEs in 2025 Report
Risk Management Rising Cyber Claim Costs Threaten ANZ SMEs in 2025 Report

In an era where digital connectivity defines business operations, small and medium-sized enterprises (SMEs) in Australia and New Zealand (ANZ) are grappling with an alarming surge in cyber claim costs that threaten their very survival. A recent report from a leading insurance provider paints a

Is the Insurance Industry Ready for Climate Risks with AI?
Risk Management Is the Insurance Industry Ready for Climate Risks with AI?

As climate change intensifies, bringing more frequent and severe natural disasters like wildfires, hailstorms, and flooding, the insurance industry faces an unprecedented challenge in managing escalating risks, while the increasing cost of these events, often reaching billions of dollars in losses,

How Is Socotra's Agentic AI Transforming Insurance Products?
Technology & Trends How Is Socotra's Agentic AI Transforming Insurance Products?

I'm thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech, with deep expertise in risk management and AI-driven risk assessment. With years of experience guiding insurers through technological transformations, Simon offers a unique perspective on how innovations like

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