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Technology


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Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis

June 6, 2016 by Angela Stelmakowich

The sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last

News InsuranceLegalMergers and AqcuisitionsTechnology

Automated vehicle technology likely to eventually be mandatory: seminar speaker

June 3, 2016 by Angela Stelmakowich

Life-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Chubb adds cyberbullying coverage for Canadian homeowners customers

June 2, 2016 by Canadian Underwriter

Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal

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Free tools to help ransomware victims retrieve files

June 2, 2016 by Canadian Underwriter

Trend Micro International has announced the availability of free tools that the company reports will help users and organizations fight back against the dangers posed by ransomware. “The risks and impact of ransomware threats to end-users, small and medium-sized businesses,

Feature Mergers and AqcuisitionsTechnology

Leaps and Bounds

June 1, 2016 Greg Meckbach, Associate Editor

Sam Natur, chief executive officer of online commercial brokerage Bullfrog Insurance Ltd., has been an early-adopter of technology for more than 30 years.

Feature InsuranceMergers and AqcuisitionsTechnology

App Flap

June 1, 2016 Greg Meckbach, Associate Editor

Mobile application developers can do plenty to reduce the security risk of their apps. That said, information security also depends on the devices themselves, which, unfortunately, are not always within the control of insurers or their developers.

Feature InsuranceMergers and AqcuisitionsTechnology

Small Matters

June 1, 2016 David Pivato, Vice President, Boiler Inspection and Insurance Company of Canada

Use of microelectronics and controls is ubiquitous today. But along with the efficiency and performance that microelectronics offer, equipment that is smaller, faster and smarter also brings with it vulnerabilities and the chance of breakdowns that could prove disruptive and costly.

News InsuranceMergers and AqcuisitionsTechnology

Cyberattacks against critical infrastructure, manufacturers likely to target industrial control systems to manipulate operations: AGCS

June 1, 2016 by Canadian Underwriter

Rather than stealing data, cyberattacks against critical infrastructure and manufacturers are more likely to target industrial control systems (ICS) to manipulate or shut down operations, Allianz Global Corporate & Specialty (AGCS) said on Wednesday. As energy, transportation or telecommunication companies,

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8 automakers recall over 12M vehicles for Takata air bags

May 27, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. Documents detailing recalls by Honda, Fiat Chrysler, Toyota, Mazda, Nissan, Subaru, Ferrari and Mitsubishi were posted Friday by

News Climate ChangeInsuranceTechnology

Alberta, Ontario premiers announce MOU on cleantech initiatives

May 27, 2016 by Canadian Underwriter

The Premiers of Alberta and Ontario announced on Thursday a new Memorandum of Understanding (MOU) to accelerate the development of cleantech initiatives. Alberta Premier Rachel Notley and Ontario Premier Kathleen Wynne met in Edmonton on Thursday to discuss new opportunities

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Cyber security awareness training critical for businesses, data breaches changing online behaviours

May 27, 2016 by Canadian Underwriter

Employees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker

May 25, 2016 Greg Meckbach, Associate Editor

The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five