Topic
Professional Development
Canadian, U.S. insurance agency mergers and acquisitions in Q1 breaks record, OPTIS Partners’ report reveals
May 12, 2016 by Canadian UnderwriterInsurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The…
Chris Lay appointed president and CEO of Marsh Canada
May 11, 2016 by Canadian UnderwriterChris Lay has been appointed president and CEO of insurance broker and risk advisor Marsh Canada, the company announced on Tuesday. Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC), said in a press release that Lay (pictured…
IBM to teach Watson computer system “language of cybersecurity”
May 10, 2016 by Canadian UnderwriterIBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version…
Arthur J. Gallagher acquires Winnipeg brokerage B.R. Rhymer Insurance Agencies
May 6, 2016 by Jason ContantArthur J. Gallagher (AJG) has announced the acquisition of B.R. Rhymer Insurance Agencies Ltd., a personal and commercial lines broker located on Pembina Highway in Winnipeg, Manitoba. AJG, the international division of Arthur J. Gallagher & Co. outside of the…
Global insurers can now register for “cyber-safe” .insurance domain name
May 5, 2016 by Canadian UnderwriterEarly registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of…
Loss of confidential information key to understanding interactions between crime and cyber coverage: conference speaker
May 2, 2016 Jason Contant, Online EditorThe loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that…
Silicon Valley startup accelerator launches new insurance innovation platform
May 1, 2016 by Canadian UnderwriterThe Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program…
Right Place, Right Time
May 1, 2016 Angela Stelmakowich, EditorJohn Sharoun, recipient of The CIP Society’s 2016 Greater Toronto Area Fellow of Distinction Award, knows making an effort can produce solid results.
Regulatory change demands that insurers show regulators using telematics data for claims management would help consumers
April 28, 2016 Angela Stelmakowich, EditorThe Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice…
Only a quarter of respondents say their enterprises monitor business partners at least quarterly: anti-corruption research
April 28, 2016 by Canadian UnderwriterJust 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones…
Worldwide IoT security spending to reach US$348 million in 2016, up 23.7% from 2015: Gartner
April 26, 2016 by Canadian UnderwriterWorldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in…
CSIO introduces new eSignatures savings calculator
April 26, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Tuesday that it has released its new eSignatures Savings Calculator tool, which supports members in determining the return on investment (ROI) of adopting an eSignatures solution. The calculator estimates the…