Topic
Professional Development
Report details missed opportunities to stop OPM cyber breach
September 7, 2016 Eric Tucker - THE ASSOCIATED PRESSWASHINGTON – It was time to purge the hacker from the U.S. government’s computers. After secretly monitoring the hacker’s online movements for months, officials worried he was getting too close to critical information and devised a plan, dubbed “the Big…
85% of polled companies victims of phishing scams in 2015, a 13% increase from 2014: Wombat Security
September 7, 2016 by Canadian UnderwriterMore than 8 in 10 organizations were victims of phishing scams in 2015, a 13% increase over 2014, according to companies polled recently by Pittsburgh-based information security company Wombat Security Technologies. Wombat Security compiled data from the “millions of phishing…
Symcor announces strategic relationship with Majesco to deliver a cloud-based solution to Canadian insurers
September 7, 2016 by Canadian UnderwriterSymcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s…
U.S. millennials may not view insurance as “boring” after all: Vertafore
September 6, 2016 by Canadian UnderwriterMore than 90% of the millennials in the U.S. taking part in a Vertafore survey say they view the industry as fulfilling for long-term careers that meets important criteria commonly identified as essential for job satisfaction. The finding is at…
Christopher Schaper appointed chief executive officer of Marsh MGA Schinnerer Group
September 1, 2016 by Canadian UnderwriterMarsh has announced the appointment of Christopher Schaper as CEO of its managing general agent (MGA) business, the Schinnerer Group, effective immediately. In his role, Schaper will focus on the development and advancement of Marsh’s existing MGA businesses in Canada…
Vericlaim Canada acquires RGM Claims Services
September 1, 2016 by Canadian UnderwriterVericlaim Canada – a subsidiary of Sedgwick Claims Management Services, Inc. – announced on Thursday that it has acquired the assets of RGM Claims Services, Inc. Mississauga, Ont.-based Vericlaim Canada is a national provider of loss adjusting and claims management…
Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds
August 31, 2016 by Canadian UnderwriterSocial media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for…
Industry must innovate or become irrelevant, conference speaker cautions
August 31, 2016 Angela Stelmakowich, EditorThe insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core…
Customer expectations require carriers to move to digitalization
August 31, 2016 Angela Stelmakowich, EditorThere is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s…
Speed trumps quality for insurers working on digital experience: Executive Forum Speaker
August 30, 2016 Greg Meckbach, Associate EditorInsurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations,…
Rob Wesseling to become president and CEO of The Co-operators on Dec. 1
August 30, 2016 by Canadian UnderwriterThe Co-operators’ board of directors has announced that Rob Wesseling will become president and chief executive officer of the company, effective Dec. 1. Currently the executive vice president (EVP) of property and casualty (P&C) operations for the Co-operators General Insurance…
ICBC asks for 4.9% increase to basic insurance rates, lower than last year’s 5.5% increase
August 26, 2016 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) announced on Thursday that it will submit its 2016 basic rate application to the British Columbia Utilities Commission, asking for a 4.9% increase to basic insurance rates – lower than last year’s 5.5%…