Topic
Technology
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…
RSA Canada posts solid underwriting profit despite nat-Cat events in 2016
February 24, 2017 by Angela StelmakowichRSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re…
Ontario Securities Commission, U.K. regulator sign co-operation agreement on fintech businesses
February 23, 2017 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the United Kingdom’s Financial Conduct Authority (FCA) have signed a new agreement under which fintech businesses in both jurisdictions will be able to seek support from their financial regulators as they look to operate…
Global insurance CEOs concerned about skills shortages and related pace of technological change: PwC survey
February 22, 2017 by Canadian UnderwriterInsurance CEOs have the biggest concerns in the financial services industry over skills shortages and the related pace of technological change, according to a new survey from PwC. The survey, titled Ahead of the curve: Confronting the big talent challenges…
Half of all phishing attacks in 2016 aimed at stealing money: Kaspersky analysis
February 22, 2017 by Canadian UnderwriterAlmost half of all phishing attacks registered in 2016 by Kaspersky Lab were aimed at stealing victims’ money, the cybersecurity company reported on Wednesday. According to the Financial Cyberthreats in 2016 report, 47.48% of all phishing attacks – fraudulent email…
Confront risks of financial technologies to reap benefits: FINTRAC
February 22, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The head of Canada’s financial intelligence unit warns that regulators must grapple with the challenges of emerging financial technologies, some of which he says have been exploited by terrorism and organized crime. But while it’s necessary to safeguard…
Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year
February 22, 2017 by Canadian UnderwriterNew survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian…
Global spending on worldwide cloud services and infrastructure to reach US$122.5 billion in 2017: International Data Corporation
February 21, 2017 by Canadian UnderwriterWorldwide spending on public cloud services and infrastructure will reach US$122.5 billion in 2017, an increase of 24.4% over 2016, suggested new research from Framingham, Mass.-based International Data Corporation (IDC). The new update to the IDC’s Worldwide Semiannual Public Cloud…