Canadian Underwriter

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Technology


News InsuranceMarkets / CoveragesTechnology

Two hurt in mid-flight as Porter Airlines plane evades suspected drone

November 14, 2016 Colin Perkel - THE CANADIAN PRESS

TORONTO – Two crew members of a Porter Airlines flight en route from Ottawa to Toronto were slightly injured Monday when a plane was forced to take evasive action to avoid a mid-flight collision with what is suspected to have

News InsuranceMarkets / CoveragesTechnology

More than half of polled P&C insurers aware of implications and potential of blockchain: Strategy Meets Action

November 11, 2016 by Canadian Underwriter

More than half of P&C insurers surveyed by insurance strategic advisory firm Strategy Meets Action (SMA) are at least aware of the implications and potential of blockchain in the industry, a new report from the company has found. In particular,

News InsuranceLegalTechnology

Ontario’s Casino Rama victim of cyberattack affecting customer, employee and vendor information

November 11, 2016 by Canadian Underwriter

A casino in Ontario announced on Thursday that it “recently became aware that it has been the victim of a cyberattack that resulted in the theft of (past and present) customer, employee and vendor information.” Casino Rama Resort in the

News Climate ChangeInsuranceTechnology

Half of smart city objectives will include climate change, resilience and sustainability key performance indicators by 2020: Gartner

November 10, 2016 by Canadian Underwriter

By 2020, half of all smart city objectives will include climate change, resilience and sustainability key performance indicators (KPIs), Gartner, Inc., the Stamford, Conn.-based information technology research and advisory company reported. Cities are defining new objectives and placing them into

News AssociationsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Pembridge Insurance Company and Pafco Insurance Company obtain CSIO certification for Personal Lines eDocs

November 9, 2016 by Canadian Underwriter

The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to

News InsuranceLegalMergers and AqcuisitionsTechnology

Ontario set to reintroduce photo radar for municipalities

November 9, 2016 by Canadian Underwriter

Ontario Premier Kathleen Wynne has announced that she intends to introduce legislation that, if passed, would give municipalities the power to introduce automated speed enforcement (ASE) technology in school and community safety zones. According to a press release issued on

News InsuranceMarkets / CoveragesTechnology

The Boiler Inspection and Insurance Company of Canada launches new equipment breakdown insurance coverages for small businesses

November 7, 2016 by Canadian Underwriter

The Boiler Inspection and Insurance Company of Canada (HSB BI&I) has launched a new comprehensive equipment breakdown insurance package – All Systems Go Plus, with new TechAdvantage coverages, designed for small businesses in Canada. Launched last week, the All Systems

News InsuranceReinsuranceTechnology

Technology innovation top growth opportunity for (re)insurers in 2017: Guy Carpenter survey

November 7, 2016 by Canadian Underwriter

Technology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to Guy Carpenter’s annual Market Pulse Survey, released on Monday. Now in its fifth year, the survey polled 107 insurance and reinsurance professionals during the

News InsuranceMergers and AqcuisitionsTechnology

Transport Canada identifies brake safety issue with certain Ford F-150 models

November 7, 2016 The Canadian Press

OTTAWA – Transport Canada has identified a brake safety issue with certain Ford F-150 models and is deciding whether Ford of Canada will be ordered to issue a recall notice. Transport Minister Marc Garneau said the government agency contacted Ford

Feature Legislation / RegulationMergers and AqcuisitionsTechnology

Filling the Breach

November 6, 2016 Eduard Goodman, Chief Privacy Officer, IDT911

Insurers in Canada need to prepare for the new federal breach notification law, the back-end details of which could be ready within the next 12 months. Although the rule-making phase is not yet complete, a big change in direction is not anticipated, with the information provided to date likely offering a solid blueprint for the final rules.

News InsuranceProfessional DevelopmentReinsuranceTechnology

Ed launches global cyber academy

November 4, 2016 by Canadian Underwriter

Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Ontario Securities Commission and Australian financial regulator sign fintech agreement

November 4, 2016 by Canadian Underwriter

The Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial