Topic
Technology
Internal audit departments starting to embrace data analytics, but full potential unrealized: Protiviti survey
March 22, 2017 by Canadian UnderwriterInternal audit departments are starting to embrace data analytics, but many have far to go to achieve their full potential, according to a survey from global consulting firm Protiviti. The Embracing Analytics in Auditing report, released on Monday, involved the…
ICBC enhances online driver licensing and claims services for customers
March 22, 2017 by Canadian UnderwriterChecking wait times at driver licensing offices or the status of a claim from the Insurance Corporation of British Columbia (ICBC) can now be done online thanks to new service enhancements. ICBC said in a press release on Wednesday that…
LexisNexis Risk Solutions explores roadmap to “touchless” claims
March 22, 2017 by Canadian UnderwriterWhile some insurance carriers continue to favour traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to “touchless claims,” according to a new report…
IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers
March 21, 2017 by Canadian UnderwriterIBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it…
BHSI launches professional liability, network security and privacy policy in Canada
March 21, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) has introduced a product designed to address the needs of a variety of enterprises, from systems integrators to telecommunications providers to IT staffing firms. The Professional First Professional Liability and Network Security & Privacy Policy,…
New DGIG water protection program available country-wide
March 21, 2017 by Canadian UnderwriterDesjardins General Insurance Group has announced the cross-country availability of a new home insurance program designed to keep policyholders informed of potential leak sources so that action can be taken and water-related damage prevented. Water damage accounts for more than…
Global private companies seem underprepared for cyberattacks: PwC report
March 20, 2017 by Canadian UnderwriterGlobal private companies seem to be more at risk of cyber threats, but less prepared to protect themselves against cyberattacks, according to a new report from professional services firm PwC. Released late last week, the report, titled Undaunted, but underprepared?,…
Israeli tech firms revving up engines for self driving cars
March 17, 2017 Josef Federman - THE ASSOCIATED PRESSJERUSALEM – As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future. The country has emerged as a global leader in the fast-growing field of driverless cars, as illustrated…
84% of polled insurance companies planning to make acquisitions in 2017: KPMG International
March 17, 2017 by Canadian UnderwriterThe lion’s share of insurance companies taking part in a KPMG International-commissioned survey plan to make acquisitions in 2017, with most respondents saying their companies are being driven by need to transform business and operating models. The insurance sector looks…
Data-driven methodology allows (re)insurers to identify liability risk exposure across entire portfolios
March 16, 2017 by Canadian UnderwriterLloyd’s reports that a partnership with modelling company Arium has produced a data-driven methodology that will allow (re)insurers to model liability risk exposure probabilistically across entire portfolios. The approach – the result of a three-year project between Lloyd’s and Arium…
Munich Re operating result down in 2016 from 2015, new partnerships could answer changing client demands
March 16, 2017 by Canadian UnderwriterMunich Re is looking to set up partnerships that would previously not have been considered, the company reported this week in announcing the group operating result fell 16.5% to 4,025 million euros in 2016 compared to 4,819 million euros in…
Older drivers like active safety features, resist autonomous vehicles: Munich Re survey
March 15, 2017 by Canadian UnderwriterA new survey out of the United States exploring the sentiments of older drivers 65 and over shows about half of the respondents would not be comfortable riding in an autonomous vehicle, but they see great value in active safety…