Industry attention turns to ‘bionic’ agents as AI enthusiasm confronts practical challenges

Christopher Frankland, founder of InsurTech360, has a fresh take on how artificial intelligence will shape the insurance industry. Instead of replacing people, he sees AI as a tool to boost their abilities. Frankland envisions a future where human agents work alongside smart technology to improve service and efficiency. With years of experience in carrier engineering … Read more

Addressing climate risks requires smarter underwriting, not merely quicker data.

Investing in resilience is becoming a key part of how insurers decide on coverage, driven by the growing impact of climate change. Jason Kaminsky, CEO of kWh Analytics, explains that while insurance policies are usually short-term, the increasing number and severity of climate events are changing things. In the renewable energy sector, this means insurers … Read more

Report reveals CEO-to-worker pay gap hits unprecedented high

A new report from the Canadian Centre for Policy Alternatives reveals that the pay gap between top Canadian CEOs and average workers is wider than ever. In 2024, the highest-paid executives earned a record-breaking average of $16.2 million each. Meanwhile, the typical Canadian worker made just $65,548. This means the top 100 CEOs earned 248 … Read more

Why Lower P&C Rates Don’t Indicate a Complete Market Shift

As the property and casualty insurance market moves into 2026, brokers are noticing softer pricing in some areas, but the overall picture remains mixed and complicated. Justin Foa, a leader at Alera Group, says the market isn’t simply getting easier across the board. Instead, there are clear differences depending on the type of risk and … Read more

Cyber insurance buyers are becoming more knowledgeable – yet the risks continue to evolve even more rapidly.

Around 2020, ransomware attacks surged, changing the cyber insurance world in big ways. What used to be cheap and optional coverage quickly became a must-have for companies of all sizes. Matthew Danielak, head of broking at Willis Towers Watson’s FINEX Cyber division, explained that before ransomware became widespread, cyber insurance was almost an afterthought. Insurers … Read more

Freight Brokers in the Crosshairs: How Advanced Scams Are Outsmarting Industry Safeguards

Cargo theft has changed a lot in recent years. What used to be simple truck-stop robberies are now part of organized scams that cost freight brokers, shippers, and carriers millions of dollars. Chad Eichelberger, president of Reliance Partners, says the crime is bigger and smarter than ever before. Instead of just stealing goods, criminals are … Read more

The Baldwin Group’s Smooth Two-Month Transition to Ascend for Direct Bill Processing

Insurance brokers and agencies across the US are facing growing challenges as they try to keep up with rapid expansion and complex commission processes. Many are overwhelmed by outdated tools and spreadsheets, leading to frustrated producers, finance teams drowning in carrier statements, and leadership dealing with piles of unapplied cash at the end of each … Read more

Sedgwick CISO warns that business continuity is falling behind evolving cyber threats.

Business continuity plans are struggling to keep up with the fast-changing world of cyberattacks, says Eric Schmitt, chief information security officer at Sedgwick. He explains that many companies confuse business continuity with disaster recovery. Business continuity is about keeping the business running, while disaster recovery focuses on the technical side of fixing systems. Schmitt points … Read more