Topic
Technology
How brokers can help curb distracted driving
April 26, 2023 by David GambrillEditor’s Note: This article has been updated show 83% would be motivated to stop distracted driving behaviours if offered an insurance discount, and has updated Paul Stone’s title. Brokers can help put a stop to distracted driving by making…
Break-in at government office results in privacy breach
April 21, 2023 The Canadian PressYELLOWKNIFE – The Northwest Territories government says a break-in at its Department of Education, Culture and Employment headquarters in Yellowknife has resulted in a privacy breach affecting about 3,000 people. The government says the break-in occurred early on Sunday and…
Northwest Territories government spent $716,000 to address cybersecurity breach
April 13, 2023 The Canadian PressYELLOWKNIFE – The Northwest Territories government says it spent $716,000 to address a cyberattack in November. It says it signed two work orders under existing contracts to help with containment, investigation and response efforts. The territory says the cybersecurity threat…
Why Canadian drivers are increasingly turning to UBI
April 11, 2023 by Jason ContantCanadian drivers are increasingly turning to usage-based insurance (UBI), particularly since the beginning of 2023, new data from rate aggregator RatesDotCa found. Quotes for UBI from the rate comparison site were up 18.22% year-over-year, RatesDotCa said Mar. 31. The data…
How underwriters are tackling cyber exposure in D&O policies
April 6, 2023 by Jason ContantUnderwriters are starting to address cyber exposure in directors and officers (D&O) policies, an insurtech told delegates at the NetDiligence Cyber Risk Summit in Toronto. “What we’re seeing is mandatory cybersecurity exposure questions on D&O submissions,” said Ben Davis, team…
Sales column: Want a client’s business? Just ask for it
April 5, 2023 Adam MitchellI recently heard radio hosts discussing actor and comedian Pete Davidson’s golden dating resume. They reached the conclusion he’s been in relationships with so many high-profile celebrities like Kim Kardashian and Ariana Grande not because he’s charming, self-deprecating or has…
One simple question your cyber clients can’t answer
April 4, 2023 by Jason ContantYour cyber clients likely don’t know the answer to basic questions such as what is being done on a particular server, or even how many computer servers the company has, an expert from a cyber response and recovery firm said…
Why cyber tracking technology litigation could be coming to Canada
March 31, 2023 by Alyssa DiSabatinoInsurers can expect pixel liability to “rear its ugly head” in Canada after recent litigation in the U.S., a lawyer at the NetDiligence Cyber Risk Summit said. Especially as one Canadian home improvement company has been deemed by the…
Why experiencing a cyber breach may make for a better M&A deal
March 30, 2023 by Alyssa DiSabatinoIt’s not going to be a walk in the park, but experiencing a cyber breach isn’t necessarily all doom and gloom, either. A cyber-attack may help an industry organization up the ante on their cybersecurity — and that makes them…
Why brokers say APIs must reach critical mass
March 27, 2023 David GambrillFor the long-sought application programming interface (API) tech solution to truly benefit the P&C insurance process, brokers stress, it’s important to reach critical mass. Without that, APIs wind up being just one more of many solutions brokers must incorporate into…
Facility’s newest approach for cracking down on trucker misrepresentations
March 22, 2023 by Alyssa DiSabatinoFacility Association (FA) is implementing a telematics program in Alberta that will collect geographic information on its participants to help ensure their premiums accurately reflect their risk. The programs allows FA the side-benefit of seeing who’s misrepresenting where they’re headquartered…
What’s new with API links between broker and carrier systems?
March 17, 2023 David GambrillBefore the pandemic, brokers started work on a breakthrough application programming interface (API) tech solution, designed to improve communication between a broker BMS and insurance companies’ back-end systems. Where do we stand on this project to date? It’s been a…