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Professional Development

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Majority of global financial institutions to ramp up transformation initiatives over next year, Accenture survey finds

June 26, 2017 by Canadian Underwriter

An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

35% of top global insurers have appointed a chief digital officer to oversee business transformation: PwC’s Strategy&

June 26, 2017 by Canadian Underwriter

More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Employee awareness, training key to building a solid cyber security culture: Echols

June 22, 2017 by Canadian Underwriter

A little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a

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Canada second most expensive country for data breaches: IBM and Ponemon Institute study

June 20, 2017 by Canadian Underwriter

Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,

News AppointmentsInsuranceProfessional DevelopmentReinsurance

François Dagneau appointed CEO of Canadian branch of Arch Reinsurance Company

June 16, 2017 by Canadian Underwriter

Arch Reinsurance Company announced on Friday that François Dagneau will be appointed to the position of chief executive officer of its Canadian branch this month. Dagneau will replace Patrick McGuiness, who is retiring from Arch, the company said in a

News AssociationsInsuranceMarkets / CoveragesProfessional DevelopmentTechnology

IBAO & Intact partner to deliver information to customers electronically

June 16, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company announced on Friday that they have created a working group to explore ways for brokers to integrate Intact’s new online Client Centre with their existing systems. This newly-formed group

News Commercial LinesInsurancePersonal LinesProfessional DevelopmentTechnology

Insurance industry will be “profoundly disrupted” by technological change, global forum hears

June 15, 2017 by Canadian Underwriter

The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

Global business leaders cite regulatory risks, disruptive influences and cyber risks as key challenges

June 14, 2017 by Canadian Underwriter

Companies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

43% of companies achieving positive outcomes from digital transformation investments: XL Catlin-sponsored survey

June 14, 2017 by Canadian Underwriter

More than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Aviva Canada launches second Pitch Day focusing on high potential digital startups

June 13, 2017 by Canadian Underwriter

Following the success of Aviva Pitch Day in 2016, Aviva Ventures announced on Tuesday that it will continue to invest in high potential digital startups around the globe. With $170 million to invest globally over the next four years “in

News InsuranceLegalLegislation / RegulationProductsProfessional Development

Economical Insurance simplifies its business with changes to legal entities

June 6, 2017 by Canadian Underwriter

Economical Insurance announced on Tuesday that it is “migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers” as it continues its journey to become a

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

73% of U.S. businesses believe their organizations are highly protected from cyber threats, but “low cyber IQ” remains: Willis Towers Watson

June 6, 2017 by Canadian Underwriter

Nearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a