Topic
Technology
How not to manage risk at a cryptocurrency provider
June 21, 2019 Michael MacDonald - THE CANADIAN PRESSHALIFAX – The accounting firm investigating the unseemly demise of Canada’s QuadrigaCX cryptocurrency exchange is accusing the company’s late founder of creating fake trades and transferring customer funds into his personal accounts, where the money was used for high-risk margin…
Digitizing your brokerage? Pay attention to the ‘frozen middle’
June 21, 2019 by Jason ContantWhat’s the secret to successful digital transformation? The key is to get buy-in from the lower levels of the organization, said Paul Chapman, chief information officer (CIO) at Box Inc., a provider of cloud content management and file-sharing service for…
Apollo forced to admit gluten-free insurance policy does not contain blockchain
June 21, 2019 by David DyckVANCOUVER, BC, June 14, 2019/InsPress/ — Apollo Insurance has reluctantly admitted that its recently announced gluten-free insurance policy is not in fact on the blockchain. After thorough examination by excited parties the insurtech firm was forced to backpedal on rumours…
Data breach affects nearly 3 million Desjardins Group members
June 20, 2019 THE CANADIAN PRESSMONTREAL – Desjardins Group said Thursday the personal information of more than 2.9 million of its members has been shared with individuals outside of the organization. The Quebec-based financial institution said the breach affects 2.7 million individual members and 173,000…
Apollo launches AXIS Insurance on the Exchange
June 20, 2019 by David DyckVANCOUVER, BC, June 20, 2019/InsPress/ — AXIS Insurance, a business segment of AXIS Capital Holdings Limited (NYSE:AXS) has partnered with Apollo Insurance to offer bind online insurance products through the Apollo Exchange. As with every Exchange product, the entire process,…
One way to minimize double entry of data
June 19, 2019 by Jason ContantOne question often on the minds of brokers is how do they better digitize their processes and minimize the amount of data they have to enter into various systems. “Our position is that data should be created in a digital…
A new way of looking at hackathons
June 18, 2019 by Jason ContantThinking of hosting a hackathon, but tired of watching participants build yet another app for the Apple Store? Here’s a new twist on the standard hackathon: try building an application programming interface (API) to help replace an older system, said…
Where does insurance fit in the technology puzzle?
June 18, 2019 by Adam MalikThe insurance industry needs to figure out how to leverage technology and ride the waves of change that other industries are seeing. From there, issues like finding talent will become easier, a panel recently told young brokers. Problem is, insurance…
The real reason for spike in cyber claims
June 17, 2019 by Greg MeckbachThe number of reported cyber claims has jumped significantly, but it’s not because of the major breaches you’ve been reading in the headlines. Small to mid-sized organizations are at greater risk of cyber losses than large organizations, A.M. Best Company…
The other technology risk that’s keeping clients up at night
June 17, 2019 by Greg MeckbachIf you place commercial insurance, you probably have clients who are very concerned about the risk of making large investments in information technology projects. “The failure rate of IT projects is quite high and the returns are often not what…
Do you need an API product manager?
June 14, 2019 by Jason ContantAre you working with enough application programming interfaces (APIs) that you need an API product manager? Mark O’Neill, VP analyst at research and advisory firm Gartner, recommends that companies create such a role within their organization. The role doesn’t necessarily…
How this cyber breach defendant got a six-figure cost award
June 13, 2019 by Greg MeckbachDefendants who won a class-action lawsuit were recently awarded $166,000 to reimburse them for legal costs, but the plaintiffs are appealing. Casino Rama, located near Orillia, Ont. was the target of a cyber breach in 2016 by an unknown criminal.…