The world around us is changing rapidly. We live in an era of ride-sharing services, connected homes, biometric smartphone security, and self-driving vehicles. Despite this progress, the regulations that govern the Canadian insurance industry haven’t changed much or, in some cases, at all. According to the Insurance Bureau of Canada (IBC), stringent regulation is hindering technological progress and preventing insurers from meeting consumers’ expectations. The national industry association argues that while insurance should continue to be a regulated industry, regulators need to get with the times.