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Technology


News AssociationsInsuranceProfessional DevelopmentTechnology

Collaboration, communication and integration key to success: Boland at IBAO Convention

October 23, 2016 Jason Contant, Online Editor

Brokers, broker management system (BMS) companies and insurance companies all need to “come together” using collaboration, communication and integration, incoming Insurance Brokers Association of Ontario (IBAO) president Traci Boland said last week at the association’s 96th annual convention. “The theme

News InsuranceLegalTechnology

U.S. Internet repeatedly disrupted by cyberattacks on key firm

October 21, 2016 Raphael Satter - THE ASSOCIATED PRESS

LONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was

News AssociationsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Economical Insurance expecting “significant growth” in broker channel over the next five years: Gavan at IBAO Convention

October 21, 2016 Jason Contant, Online Editor

Economical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of

News InsuranceMergers and AqcuisitionsTechnology

Tesla equipping cars to drive completely on their own

October 20, 2016 Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO – Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility. The announcement made

News InsuranceLegalTechnology

U.S., U.K. cybersecurity officials: Destructive hacks are coming

October 20, 2016 Raphael Satter - THE ASSOCIATED PRESS

LONDON – The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us. Paul Chichester, the director of operations at Britain’s new National

News InsuranceProfessional DevelopmentTechnology

Global IT spending to reach US$3.5 trillion in 2017: Gartner

October 19, 2016 by Canadian Underwriter

Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach US$3.5 trillion in 2017, up 2.9% from 2016 estimated spending of US$3.4 trillion, according to the latest forecast by Gartner, Inc. Gartner, an information

News AssociationsInsuranceProfessional DevelopmentTechnology

Brokers are ‘not competition to each other,’ IBAO keynote speaker says

October 19, 2016 Greg Meckbach, Associate Editor

Insurance brokers who compete against one another need to change their mindset and work with their competitors to address threats which could disrupt the industry, a speaker suggested Wednesday in Toronto. “If you all think each other are the competition,

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role

October 19, 2016 by Canadian Underwriter

More investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned

News InsuranceMarkets / CoveragesReinsuranceTechnology

Aegon, Allianz, Munich Re, Swiss Re and Zurich launch blockchain initiative B3i

October 19, 2016 by Canadian Underwriter

Five insurers and reinsurers – Aegon, Allianz, Munich Re, Swiss Re and Zurich – have launched the blockchain insurance industry initiative B3i, aimed at exploring the potential of distributed ledger technologies to better serve clients through faster, more convenient and

News InsuranceMergers and AqcuisitionsTechnology

Transport Canada warns some Ram pickups at risk of fire from alternator short

October 19, 2016 The Canadian Press

OTTAWA – Transport Canada has issued a recall notice for about 10,000 Ram pickup trucks and other Fiat Chrysler vehicles that are at increased risk of stalling or fire in the engine compartment due to an electrical short. The federal

News Climate ChangeInsuranceTechnology

Saskatchewan Premier announces province’s climate change plan

October 18, 2016 by Canadian Underwriter

Saskatchewan Premier Brad Wall has released the province’s Climate Change White Paper, calling for adaptation and innovation instead of taxation on carbon. “There are three approaches we can take to fighting climate change – adaptation, innovation and taxation,” Wall said

News InsuranceMarkets / CoveragesTechnology

TSB reiterates call for expanded requirements for the use of cockpit voice recorders and flight data recorders following Kelowna accident

October 18, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada (TSB) has reiterated its call for expanded requirements for the use of cockpit voice recorders and flight data recorders following the Kelowna, B.C. accident that claimed the life of former Alberta Premier Jim Prentice