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Department of National Defence investigating possible hack of its recruiting site

November 18, 2016 Lee Berthiaume - THE CANADIAN PRESS

OTTAWA – The federal government was unable to say Thursday whether any personal information of potential military recruits was stolen during what appears to have been a hack of a National Defence website. Public Safety Minister Ralph Goodale said federal

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Capgemini launches global fintech initiative

November 17, 2016 by Canadian Underwriter

Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in

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U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG

November 17, 2016 by Canadian Underwriter

Merger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents

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Nearly seven in 10 Canadian drivers using winter tires: study

November 17, 2016 by Canadian Underwriter

Nearly seven in 10 Canadian drivers are adopting the use of winter tires, according to a new survey by Leger for the Tire and Rubber Association of Canada (TRAC). Outside of Quebec, where use of winter tires is the law, 68% of Canadian

News CatastrophesClimate ChangeEarnings / RatingsMarkets / CoveragesMergers and AqcuisitionsTechnology

Zurich Insurance announces plans to position itself for future, new profitability targets

November 17, 2016 by Canadian Underwriter

Zurich Insurance Group plans to build on customer relationships, simplify the business and significantly reduce costs as part of its renewed focus on increasing business profitability and delivering high-quality earnings over the 2017-2019 period, the global insurer announced Thursday. “In

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Claims systems transformation requires rethinking metrics, processes and role of emerging tech: Novarica

November 16, 2016 by Canadian Underwriter

Before setting out on claims transformation efforts, property and casualty insurers should establish clear strategic goals and success metrics, consider the ways in which the claims process is changing and understand the potential impact of emerging technologies like medical analytics

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Advanced analytics and other emerging technologies revolutionizing public sector agencies: Accenture

November 16, 2016 by Canadian Underwriter

Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new

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TSB recommendation for backup safety defences for rail signal indications ‘outstanding for over 10 years’

November 16, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday a recommendation that Transport Canada and the rail industry “implement additional backup safety defences” in order to ensure train crew members recognize and follow block signals that govern train movements. On Nov.

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In world of Internet-enabled things, U.S. says security needed

November 16, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON – The Obama administration urged tech companies to make millions of devices safe from hacking, underscoring the risks posed by an increasingly bewildering array of internet-connected products permeating daily life, covering everything from fitness trackers to computers in automobiles.

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U.S. “quiet car” safety standard to help prevent thousands of pedestrian injuries once fully implemented: NHTSA

November 16, 2016 by Canadian Underwriter

Pedestrian protection is the driving force behind a federal “quiet car” safety standard adopted by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) that will require an audible alert on all newly manufactured light-duty hybrid vehicles (HVs)

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Two customers spearhead class action lawsuit against casino over hacking of private data

November 15, 2016 Colin Perkel - THE CANADIAN PRESS

TORONTO – Two gamblers who allege their privacy was breached are spearheading a proposed class action against an Ontario casino whose databases were hacked. In a notice of action, they also alleged Monday that Casino Rama, north of Toronto, unjustly

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Making things fast, simple and transparent important for Millennials: speaker

November 15, 2016 by Angela Stelmakowich

Providers dealing with Millennials must have a clear value proposition and understand the importance of communicating in a way that is most comfortable for their clients, David Nugent, WealthSimple’s portfolio manager and chief compliance officer, suggested Monday during an event