Topic
Products
Insurance providers advised to check assumptions that younger generation is comfortable buying online
August 29, 2017 Greg Meckbach, Associate EditorThere is a “convergence” of attitudes towards technology across all age groups and insurance providers need to question their assumptions about buying habits of different demographic groups, speakers suggested Tuesday at the Insurance-Canada.ca Executive Forum. “We want to make sure…
Home telematics startup Roost closes second round of funding with investments from Desjardins Insurance and Aviva Ventures
August 23, 2017 by Canadian UnderwriterRoost, a U.S.-based innovator in smart home telematics for the insurance industry, announced on Wednesday it has closed its second round of funding with US$10.4 million in investments from three companies, including Desjardins Insurance. The US$10.4 million Series B funding includes strategic investments from three companies, led by Aviva Ventures, with participation from Desjardins Insurance and Fosun RZ Capital in China, noted information from Sunnyvale, Calif.-headquartered Roost. Existing investors also participated in the round, bringing total funding to date to US$17 million.…
Collaboration leads to milestone achievement to define data exchange standards between companies, brokers
August 23, 2017 by Canadian UnderwriterThe long-standing objective of standardized real-time data exchange between insurance brokers and companies has taken a big step forward with Tuesday’s announcement that initial testing of the process has been successfully completed. A team of players in Canada’s p&c insurance…
York University launches new online Certificate in Risk Management course
August 23, 2017 by Canadian UnderwriterYork University’s School of Continuing Studies said on Tuesday that it is responding to the “demand for comprehensive risk management training” by launching a new online Certificate in Risk Management course. The three-course online program (Risk Management Principles and Practices;…
Ironshore establishes computer emergency response team to help policyholders with cyber response
August 22, 2017 by Canadian UnderwriterNew York-based Ironshore Inc. is taking steps to help manage cyber claims for all in-force policies, regardless of line, with the launch of a dedicated computer response team. Comprised of cyber claims co-ordinators representing each of the insurer’s specialty lines…
Worldwide spending on IT security products and services to reach US$86.4 billion in 2017: Gartner
August 22, 2017 by Canadian UnderwriterWorldwide spending on information technology security products and services will reach US$86.4 billion in 2017, an increase of 7% over 2016, according to the latest forecast from Gartner, Inc.
Spending is expected to continue its growth to US$93 billion in 2018, the Stamford, Conn.-based research and advisory company said in a press release last week.
Within the infrastructure protection segment, Gartner forecasts fast growth in the security testing market (albeit from a small base) due to continued data breaches and growing demands for application security testing as part of…
B.C. Green Party leader to re-introduce ridesharing legislation in the fall
August 22, 2017 by Canadian UnderwriterThe leader of the BC Green Party said on Monday that he will re-introduce legislation this fall to enable ridesharing in the province.
Andrew Weaver said in a press release that he has twice introduced the Ridesharing Enabling Act, once in April 2016 and again in February 2017.
“All parties want to see B.C. be a leader in the emerging economy,” Weaver said in the release. “To do so, government must take a proactive, responsive approach that considers the wide ranging impacts of technological innovation. Vancouver is the largest…
Polled security professionals in U.S. find securing disconnected systems a challenge
August 21, 2017 by Canadian UnderwriterRecently surveyed IT security professionals in the U.S. say securing systems that are disconnected from their corporate networks is a challenge, a situation that could worsen over time, reports Los Angeles-based Lieberman Software Corporation. Polled at Black Hat USA 2017,…
Many polled Canadians aren’t researching options before buying financial products: LowestRates.ca survey
August 16, 2017 by Canadian UnderwriterWhile Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by…
Government of Newfoundland and Labrador finalizes terms of reference for auto insurance review
August 16, 2017 by Canadian UnderwriterThe provincial government announced on Tuesday that it has finalized the terms of reference for the automobile insurance review for Service NL and the provincial Board of Commissioners of Public Utilities (PUB). Government has directed PUB to begin its review…
Allstate Canada expands UBI program Drivewise into Nova Scotia after “great success” in Alberta and Ontario
August 15, 2017 by Canadian UnderwriterThe Allstate Insurance Company of Canada announced on Monday that it is expanding its usage-based insurance (UBI) program Drivewise in Nova Scotia “after experiencing great success in the provinces of Alberta and Ontario.” Drivewise rewards those who exhibit safe driving…
CSIO releases video on eSlips solution, expects product by year-end
August 14, 2017 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Monday a video explaining digital proof of auto insurance (eSlips) to consumers and said it expects the solution by year-end. In June, the association announced what it called “an industry…