Canadian Underwriter

Topic
Technology


News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

Third-party service providers can be ‘hornets nest’ in cyber security: ICRMC speaker

April 2, 2016 Greg Meckbach, Associate Editor

Contracts with information technology service providers can be critical in managing risk from cyber incidents, and third-party providers need to be involved in exercising contingency plans for cyber breaches, speakers suggested Friday at the 2016 International Cyber Risk Management Conference

Feature Technology

Heart of the Brokerage

April 1, 2016 Renée Durepos, Senior Vice President, Keal Technology

Beyond brokers themselves, good and accurate data is the lifeblood of brokerages today. Data is vital to meeting customer needs both today and in the future, meaning that when a broker management system conversion is needed, protecting and maintaining the integrity of that information is essential.

News AssociationsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Sharing economy an opportunity for insurers, government should focus on objectives: OMIA speaker

April 1, 2016 by Angela Stelmakowich

Regulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber insurance underwriters may want to consider less “absolute” questionnaires: ICRMC speaker

April 1, 2016 Jason Contant, Online Editor

Insurers who underwrite cyber insurance may want to consider less “absolute” questions during their coverage questionnaires, a speaker suggested on Thursday at the 2016 International Cyber Risk Management Conference (ICRMC), held in Toronto. “I was the one that completed the

News InsuranceLegalLegislation / RegulationTechnology

Beazley’s data breach response insurance product now available in Canada

April 1, 2016 by Canadian Underwriter

Beazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on

News InsuranceMergers and AqcuisitionsTechnology

DDoS attacks now a threat to interior network applications: US test

March 31, 2016 by Canadian Underwriter

New test research out of the United States is shedding light on emerging trends around distributed denial-of-service (DDoS), indicating related attacks are now targeting applications inside the networks of enterprise organizations. Released this week by information security research and advisory

News InsuranceTechnology

Second U.S. hospital in as many months becomes victim of malware attack

March 31, 2016 by Canadian Underwriter

Just over one month after the president and CEO of a hospital in Los Angeles admitted to paying about US$17,000 to hackers following a ransomware attack, another hospital in the United States has become victim of a malware attack. On

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Over-regulation of “driverless” vehicles could stifle industry, say advocates

March 30, 2016 Terry Pedwell - THE CANADIAN PRESS

KANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread

News CatastrophesClimate ChangeLegalMergers and AqcuisitionsTechnology

IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool

March 30, 2016 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica

March 30, 2016 by Canadian Underwriter

Specialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

IBAO president anticipates ‘bright future for brokers who are willing to change’

March 29, 2016 Greg Meckbach, Associate Editor

The insurance industry may not be known for technological innovation, but there is a future for brokers who are willing to change, speakers said Tuesday during the annual general meeting of the Insurance Brokers of Toronto Region. “The only thing

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Auto insurers face long-term challenges from self-driving cars; avoidance technologies to benefit insurers: Moody’s

March 29, 2016 by Canadian Underwriter

Self-driving cars could translate into significantly lower premiums and profits in the long-term for auto insurers as the number of accidents declines dramatically, Moody’s Investors Service said on Tuesday. A new report from Moody’s – titled P&C Insurance – Global: