Canadian Underwriter

Topic
Technology


News AssociationsClimate ChangeEarnings / RatingsInsuranceLegislation / RegulationProfessional DevelopmentTechnology

Forecasting emerging risks expected to get tougher: Marsh/RIMS report

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Cyber attacks – once again identified as a top critical business risk – are expected to be a source of emerging risks, but forecasting for all emerging risks could prove more challenging over the next three years,

News InsuranceTechnology

New mobile app from Zurich released at 2016 RIMS to help companies assess, manage risk

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Zurich Insurance Group is unveiling a new mobile app this week at the 2016 RIMS Conference and Exhibition which the company reports will enable customers to perform their own on-site risk assessments and use those results to

News InsuranceLegalMergers and AqcuisitionsTechnology

FBI warns of dramatic increase in business email compromise scams, says US$2.3 billion lost over two-year period

April 8, 2016 by Canadian Underwriter

The Federal Bureau of Investigation (FBI) in the United States has issued a warning of a “dramatic” rise in “business email compromise” scams (BEC) that has resulted in massive financial losses in U.S. cities. From October 2013 until February 2016,

News InsuranceMergers and AqcuisitionsTechnology

Worldwide IT spending forecast to decline 0.5% in 2016: Gartner

April 8, 2016 by Canadian Underwriter

Worldwide IT spending is forecast to total US$3.49 trillion in 2016, a decline of just 0.5% over 2015 spending of US$3.5 trillion, according to information technology research and advisory firm Gartner, Inc. The prediction is down from last quarter’s forecast

News InsuranceLegalMergers and AqcuisitionsTechnology

U.S. energy sector sees dramatic rise in successful cyberattacks: study

April 7, 2016 by Canadian Underwriter

Tripwire, Inc., a Portland, Oregon-based provider of endpoint detection and response, security, compliance and IT operations solutions for enterprises, service providers and government agencies, has found that more than three-quarters of survey respondents in the energy sector in the United

News CatastrophesInsuranceTechnology

RMS launches app to model ‘cat-in-a-box’ deals

April 7, 2016 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Thursday that it has released the “first ever” app to model ‘cat-in-a-box’ deals. The cloud-based app extends the ability to independently assess and underwrite parametric contracts from a small group of cedant, brokers

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsTechnology

Canada’s p&c industry sees big jump in underwriting income, big drop in nat-cat losses in 2015: IBC

April 6, 2016 by Angela Stelmakowich

Despite the challenges and fluctuations of 2015 – including plummeting oil prices – Canada’s property and casualty industry “had a relatively good year,” with underwriting income tripling to about $1.7 billion, David McGown, senior vice president of strategic initiatives for

News InsuranceMergers and AqcuisitionsTechnology

Allstate rolls out telematics auto insurance in Alberta

April 5, 2016 by Canadian Underwriter

Allstate Insurance Company of Canada announced Tuesday it is using telematics to provide usage-based insurance to personal lines customers in Alberta. Allstate went live April 1 with Drivewise, using technology from Huntington Beach, Calif.-based Modus Group LLC. “In Ontario, (Drivewise)

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Global insurance telematics market expected to grow to US$2.21 billion in 2020 from US$857.2 million in 2015

April 5, 2016 by Canadian Underwriter

The global insurance telematics market size is expected to grow from US$857.2 million in 2015 to US$2.21 billion in 2020, at a compound annual growth rate (CAGR) of 20.9%, according to a report by ReportLinker, a market research technology company

News InsuranceMarkets / CoveragesTechnology

Aon to launch new global reinsurer trading platform

April 5, 2016 by Canadian Underwriter

Aon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC

April 4, 2016 Greg Meckbach, Associate Editor

Cyber insurance has evolved considerably since 1999 but commercial insurers lack standardization in cyber policies and there is not a lot of data available for underwriters, a speaker suggested at a recent conference. For cyber risk, “the data is not

News AssociationsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Peace Hills Insurance launches CSIO eDelivery, obtains certification

April 4, 2016 by Canadian Underwriter

Western Canadian insurer Peace Hills Insurance has implemented eDelivery, enabling the electronic transmission of personal lines policy documents directly to consumers’ Canada Post epost digital mailboxes in place of traditional mail, the Centre for Study of Insurance Operations (CSIO) said