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Success for insurers involves “dramatic” transformation of workforces and cultures for digital world: Accenture study

April 26, 2016 by Canadian Underwriter

Insurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and

News InsuranceProfessional DevelopmentTechnology

Kanetix Ltd. partners with ClientDesk to help insurance industry engage with customers digitally

April 25, 2016 by Canadian Underwriter

Kanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app.

Sam Natur, CEO and president of Bullfrog Insurance
News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Understanding the changing customer key to helping prevent disruption, CIP Symposium speaker says

April 24, 2016 Jason Contant, Online Editor

Not understanding the changing customer could prove detrimental to the insurance industry, Sam Natur, CEO and president of Bullfrog Insurance, told conference attendees last week at the 2016 CIP Society Symposium in Toronto. “If you think that’s not going to

News AssociationsLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms

News AssociationsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium

April 22, 2016 Jason Contant, Online Editor

With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice

News InsuranceProfessional DevelopmentTechnology

Half of CEOs worldwide expect substantial digital transformation, Gartner survey finds

April 21, 2016 by Canadian Underwriter

Half of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year

News InsuranceLegalTechnology

Vast majority of tested applications have at least one vulnerability: cyber security report

April 20, 2016 by Canadian Underwriter

Cyber criminals are increasingly making use of malware-as-a-service, an issue of concern given that 97% of applications tested by Trustwave in 2015 had at least one vulnerability, note findings from the 2016 Trustwave Global Security Report. While the lion’s share

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Quebec financial services regulator urges caution over peer-to-peer risk sharing platforms

April 20, 2016 by Canadian Underwriter

Quebec’s financial services regulator is urging caution following the “recent emergence of peer-to-peer risk sharing platforms.” The Autorité des marchés financiers (AMF) said in a press release on Tuesday that it has noticed that companies are offering consumers platforms where

News InsuranceMergers and AqcuisitionsTechnology

Drone collision with jet highlights growing aviation danger

April 18, 2016 Jill Lawless - THE ASSOCIATED PRESS

LONDON – A collision between a British Airways passenger jet and a drone over London has left the plane undamaged but the aviation industry deeply shaken. British police and air accident authorities were investigating Sunday’s incident, in which an Airbus

News AssociationsInsuranceMergers and AqcuisitionsTechnology

Two-thirds of polled Canadians do not trust self-driving vehicles, but think there are benefits in the future: CAA

April 18, 2016 by Canadian Underwriter

Canadians are wary of driverless cars, with nearly two-thirds saying they would not trust a vehicle to drive itself while they are in it, according to new research released on Monday by the Canadian Automobile Association (CAA). CAA said that

News InsuranceMergers and AqcuisitionsTechnology

GM to recall over 1 million pickups, most in U.S. and Canada, to fix seat belts

April 18, 2016 The Associated Press

DETROIT – General Motors is recalling more than a million Chevrolet Silverado and GMC Sierra pickup trucks worldwide because the seat belts may not hold the driver in a crash. Most of the trucks were sold in the U.S. and

News AssociationsInsuranceMergers and AqcuisitionsTechnology

Customers ‘highly highly irritated’ if websites too slow: CSIO speaker

April 15, 2016 Greg Meckbach, Associate Editor

Insurance providers with a mobile web presence need to ensure their pages load quickly, a Google Inc. executive suggested Thursday to industry professionals in Toronto during the Centre for Study of Insurance Operations (CSIO) annual members’ meeting. “Google is optimizing