Topic
Technology
Former IBAS president Wasylenko acclaimed to CSIO board
April 18, 2018 by Greg MeckbachSheldon Wasylenko is among the brokers acclaimed Tuesday to the board of directors of the Centre for Study of Insurance Operations (CSIO). Wasylenko previously served as president of the Insurance Brokers Association of Saskatchewan. He also serves on the board…
Which insurance carriers are no longer using Z-codes to denote coverage
April 18, 2018 by Greg MeckbachMore than a dozen Canadian property and casualty insurers are using standardized codes to denote coverages, endorsements and discounts in broker’s databases. Thirteen insurer members of the Centre for Study of Insurance Operations ‘are now 100% standards-compliant,” meaning they are…
When will brokers, insurers and consumers all be able to connect in real-time?
April 17, 2018 by Jason ContantWith work continuing to enable real-time data exchange between brokers and insurers, the next logical step would be to bring consumers into the fold. Pat Durepos, leader at software vendor Keal Technology, said that he sees consumer access to data…
Tips from an insurer for brokers selling cyber policies
April 17, 2018 by Jason ContantListening to clients’ exposures before offering them a cyber policy could go a long way in selling the right coverage, a cyber insurer told Canadian Underwriter Monday. “By asking the question: ‘What keeps you up at night and what do…
What you need to know about the evolution of ransomware
April 14, 2018 by Jason ContantBrokers need to stay on top of constantly emerging cyber threats, as cybercriminals continue to adapt their techniques, particularly around ransomware. Criminals are still very successful, says Matt Hartley, vice president of global services and intelligent engineering with cybersecurity company…
How to give your client a ‘wake-up call’ on cyber risk
April 14, 2018 by Greg MeckbachCyber insurance application forms can give companies a “good understanding” of how well prepared they are to deal with an information security-related loss, speakers said Thursday at the International Cyber Risk Management Conference in Toronto. “We have seen clients stop…
When social media makes sense for insurance correspondence
April 14, 2018 by Greg MeckbachFacebook, Twitter and similar web services can suck up a lot of a worker’s time, but insurance brokers should figure out how to use social media to support the business. “There is nothing supremely special about social media,” said Kat…
Ashley Madison may provide clue to regulations around data breach disclosure
April 12, 2018 by Jason ContantThe upcoming mandatory requirement to disclose data breaches will help address some of the anxieties that Canadians have about cybersecurity and data protection, and may prescribe some precautions that organizations can take for remediation. What would these precautions look like?…
Sharing economy raises ‘broader question’ around usage-based insurance: Swiss Re
April 12, 2018 Greg Meckbach, Associate EditorAlthough mobile apps make it easier to rent rooms, some insurers have probably not considered the risks arising from short-term accommodations, speakers said Tuesday at Swiss Re’s annual breakfast meeting in Toronto. At the same time, they added, it should…
Mandatory breach requirements effective November 1. Here’s what to do.
April 11, 2018 by Jason ContantWith mandatory breach notification requirements coming into effect on November 1, Canadian businesses will need to focus on two factors to prepare: 1) a risk assessment, and 2) determining the decision makers in the company and a breach response plan.…
Cybercriminals are infiltrating software vendors, launching supply chain attacks
April 11, 2018 by Jason ContantCybercriminals are moving into the terrain of supply chain attacks, masquerading as signed apps, and using ransomware as a distraction to steal money from the network. Each of these are “interesting new areas” that cybercriminals may exploit in the future,…
Nova Scotia freedom of information website hacked
April 11, 2018 The Canadian PressHalifax police have arrested a suspect after the Nova Scotia government’s freedom-of-information disclosure web portal was breached. The government said Wednesday about 7,000 documents were inappropriately accessed between March 3 and March 5. Its admission came nearly a week after…