Canadian Underwriter

Topic
Technology


News InsuranceMergers and AqcuisitionsTechnology

Stand-alone cyber coverage had direct loss ratio of 65.2%: Fitch

August 25, 2016 by Canadian Underwriter

Cyber-related insurance products present a “significant growth opportunity” for property and casualty insurance carriers, with more than a third of the U.S. market held by American International Group Inc. and Chubb Ltd., Fitch Ratings Inc. suggested in a report announced

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Gap exists between opportunity, willingness to take part in usage-based insurance programs in U.S.: LexisNexis

August 25, 2016 by Canadian Underwriter

There is an apparent gap between polled U.S. drivers who are open to taking part in usage-based insurance (UBI) and those who are provided the opportunity to do so, suggest survey results released today by LexisNexis Risk Solutions. That disconnect

News InsuranceMergers and AqcuisitionsTechnology

Pokémon Go risks include distracted driving, exposure of confidential data: Northbridge

August 24, 2016 by Canadian Underwriter

Northbridge Insurance recently warned of several risks arising from the Pokémon Go computer game, including exposure of confidential information, liability exposure and distracted driving. “Augmented reality games usually require your GPS location and a data connection (either WiFi or cellular

News InsuranceMarkets / CoveragesTechnology

InsurTechs driving disruptive innovation in insurance customer engagement: U.S. report

August 24, 2016 by Canadian Underwriter

While the vast majority of surveyed insurance executives and InsurTech professionals in the United States are engaged in redesigning the customer experience, two-thirds do not have a full grasp of how evolving digital ecosystems can impact customer acquisition and customer

News InsuranceLegalTechnology

U.S. companies unnecessarily granting access to more than just privileged users: study

August 23, 2016 by Canadian Underwriter

Nearly six in 10 IT operations and security managers in the United States believe their organizations are unnecessarily granting access to individuals beyond their roles or responsibilities, according to a new survey released on Tuesday. The Ponemon Institute survey commissioned

News InsuranceLegalMergers and AqcuisitionsTechnology

Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study

August 23, 2016 by Canadian Underwriter

Fears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm.

News InsuranceMergers and AqcuisitionsTechnology

Allstate Canada now offering personal coverage for ride-for-hire drivers in Alberta

August 23, 2016 by Canadian Underwriter

The Allstate Insurance Company of Canada announced on Monday that it has launched its personal coverage solution for drivers operating ride-for-hire vehicles within Alberta. Effective Aug. 22, coverage will be available for eligible drivers through Allstate Canada in the form

News InsuranceMergers and AqcuisitionsTechnology

Surex Direct launches simplified quote process for tenant’s, condo insurance

August 23, 2016 by Canadian Underwriter

Surex Direct has announced the availability of a new tenant’s and condo insurance quote process designed to make things faster and more simple for users. The customer-facing quote process allows users to know “exactly what their best policy price is

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

U.S. Geological Survey confirms historic flooding in South Louisiana, says six streamgages set record levels

August 22, 2016 by Canadian Underwriter

The U.S. Geological Survey (USGS) has confirmed historic flooding in South Louisiana on its streamgage network, with 30 registering above flood stage over the course of several days. At least six streamgages – which estimate the amount of water flowing

News InsuranceLegalMergers and AqcuisitionsTechnology

Cybercriminals recruiting insiders to attack telecommunication providers: Kaspersky

August 22, 2016 by Canadian Underwriter

Cybercriminals are using insiders to gain access to telecommunications networks and subscriber data, according to an intelligence report from global cybersecurity company Kaspersky Lab. In addition to targetting insiders, these criminals are also recruiting disillusioned employees through underground channels and

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Self-driving cars go public; Uber offers rides in Pittsburgh

August 19, 2016 Justin Pritchard and Tom Krisher - THE ASSOCIATED PRESS

SAN FRANCISCO – The option to hail a ride in a self-driving car, which was science fiction just a few years ago, will soon be available to Uber users in Pittsburgh, the first time the technology has been offered to

News InsuranceMergers and AqcuisitionsTechnology

Government of Canada selects Fortinet to secure its IT infrastructure

August 19, 2016 by Canadian Underwriter

Fortinet, a high performance cybersecurity solutions company headquartered in Sunnyvale, Calif., announced on Thursday that the Government of Canada has selected it to secure its information technology infrastructure. Fortinet said in a press release that it will collaborate with Shared