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Keyword
innovation

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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 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 InsuranceTechnology

Canadian CEOs view disruption as an opportunity, report disrupting their sectors: KPMG study

June 13, 2017 by Canadian Underwriter

Three-quarters of Canadian CEOs (75%) see disruption as an opportunity for their business, not a threat, and 86% said their business is actively disrupting its sector rather than waiting for disruption by competitors, according to a new survey from audit,

News CatastrophesCommercial LinesInsuranceMergers and AcquisitionsTechnology

Use of captives for cyber liability programs increases 20% in 2016: Marsh report

June 7, 2017 by Canadian Underwriter

The number of owners using captives for cyber liability programs – up almost 20% last year – represented the fastest growing non-traditional risk in captives managed by Marsh Captive Solutions, the company notes in a new report this week. Fuelled

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesTechnology

Loss adjusting innovation emerging in light of insurance claims for forest fires: Cunningham Lindsey

June 6, 2017 by Canadian Underwriter

Greater complexity in insured losses sparked by forest fires has produced a bright spot: innovation in how loss adjusters are tackling these events, suggests a new review from Cunningham Lindsey. Released Tuesday, the company’s 2017 Major and Complex Loss Review

News InsuranceMergers and AcquisitionsPersonal LinesProductsTechnology

Innovation-based disruption in personal lines insurance will drive new business models: Conning

May 31, 2017 by Canadian Underwriter

Technology-focused investments are pushing business model changes across industries, and insurance is not immune to these pressures, a new study by global investment management firm Conning suggested. Released on Wednesday, the study examines the changes that are underway in personal

News Technology

Hurdles to digital transformation remain, half of respondents have formal strategy: global survey

May 24, 2017 by Canadian Underwriter

Some things seem to persist, including how inflexible IT systems, organizational silos and security concerns continue to rear their heads as obstacles to global enterprises adopting formal strategies for digital transformation. So suggests the Enterprise Digital Transformation Strategies: Turning Disruption

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Clear, policy-driven Canadian fintech strategy needed: Toronto alliance

May 15, 2017 by Canadian Underwriter

Development of a consistently implemented, policy-driven Canadian fintech strategy focused on fostering innovation is essential and strengthening the fintech ecosystem in the Toronto area should be seen as an imperative for the country’s financial services sector and governments, contends the

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Fintech sector in Canada not reaching full potential: Competition Bureau of Canada

May 1, 2017 by Canadian Underwriter

The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada.

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Federal government invests $2.5 million to examine Canadian start-ups

April 28, 2017 by Canadian Underwriter

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced a “non-repayable contribution” of up to $2.5 million to Wilfrid Laurier University in Waterloo, Ont. to support a national “scale-up data platform.” The platform will “capture and track

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

42% of global CEOs have begun digital business transformation: Gartner

April 25, 2017 by Canadian Underwriter

More than four in 10 CEOs around the globe have begun the process of digital business transformation, according to a new study from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Mark Raskino, vice president

News InsuranceTechnology

Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in