Topic
Technology
Fresh Start
March 1, 2017 Jonathan Grnak, Barrister & Solicitor, Danson Recht LLPRegulatory changes are necessary to better position Ontario for adopting autonomous vehicles and addressing any related issues. Both regulators and insurers must be ready for the near future, which will likely feature a mix of assisted driving technologies and the ability of a driver to take control should the need arise.
ICTC speaker urges insurers to be ‘more receptive to the better mousetrap’
March 1, 2017 Greg Meckbach, Associate EditorThere are many ways in which technology can help insurers, but they need to be able to respond quickly and not be so “old school,” panelists at a recent conference told industry professionals. “I think there is lots of room…
Companies can come to grips with cyber risk, government back-stop may be needed for certain risks: Swiss Re
March 1, 2017 by Canadian UnderwriterConcern about cyber resilience is on the rise – as are the potential costs associated with attacks – but insurers and companies should understand steps can be taken to manage the risk, suggests the latest sigma report from Swiss Re…
Captive Audience
March 1, 2017 Greg Meckbach, Associate EditorThere is an increased interest in using captives to cover cyber risk. With cyber risk changing so rapidly, contributing to making the risk difficult to underwrite, some industry experts expect that interest to grow.
Leading the Pack
March 1, 2017 Janice Deganis, National Insurance Leader; and Steve Yendall, Insurance Advisory Leader, EY CanadaFacing a potent combination of technological change, talent pressure and shifting customer expectations, Canada’s property and casualty insurers will need to flex new organizational muscles to unlock the growth potential of innovation and customer-centricity.
Fintech firms can ‘get to market quickly,’ ICTC speaker warns
February 28, 2017 Greg Meckbach, Associate EditorCompetitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the…
Tech and talent crunch among six major forces shaping Canadian P&C insurance in 2017: EY
February 28, 2017 by Canadian UnderwriterA “potent combination” of technological change, talent pressure, customer expectations and cyber risks is forcing Canada’s property and casualty (P&C) insurers to embrace innovation more urgently than ever in 2017, according to a new report from EY. EY’s 2017 P&C…
Insurance-Canada.ca Technology Conference, February 28, 2017
February 28, 2017 by Canadian UnderwriterInsurance industry professionals (beyond just IT specialists) convened at the 2017 Insurance Canada Technology Conference to learn from a range of industry experts on such hot topics as telematics and geospatial applications, and to celebrate this year winners of the…
Fraud vigilance increasing among polled Canadians: Equifax Canada
February 28, 2017 by Canadian UnderwriterSurveyed Canadians are becoming more vigilant about guarding against fraud, with the lion’s share of respondents taking measures to protect their personal information and three in 10 seeking help to ensure they are alerted should a fraud be under way.…
CSIS saw ‘no high privacy risks’ with metadata crunching now under fire: docs
February 27, 2017 Jim Bronskill - THE CANADIAN PRESSOTTAWA – The national spy service saw little risk to the personal privacy of Canadians in a self-penned evaluation of its secret data-crunching centre – a shadowy program now at the centre of intense controversy, newly released documents show. The…
Crawford & Company reports net income attributable to shareholders rises to US$36.0 million in 2016 compared to loss in 2015
February 27, 2017 by Canadian UnderwriterAtlanta-based Crawford & Company posted net income attributable to shareholders for both the full year and fourth quarter of 2016 – reaching about US$7.8 million and about US$36.0 million – compared to losses in the prior-year periods. Net income attributable…
Global organizations will spend US$1.2 trillion on “digital transformation technologies” in 2017: International Data Corporation
February 24, 2017 by Canadian UnderwriterGlobal organizations will spend US$1.2 trillion on digital transformation this year, with the fastest growth coming from insurance, banking, retail and healthcare providers, International Data Corporation (IDC) said on Thursday. A new update to IDC’s Worldwide Digital Transformation Spending Guide…