Topic
Technology
Crews in B.C. preparing bridges for safety in anticipation of second snowfall
December 8, 2016 by Canadian UnderwriterBritish Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that…
Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker
December 7, 2016 Jason Contant, Online EditorThe continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an…
Evolving technology expected to introduce new cyber threats, broadened attacks: Trend Micro
December 7, 2016 by Canadian UnderwriterThe coming year is expected to witness evolving technology that introduces new cyber threats and attacks that broaden and differentiate to penetrate new vulnerable surfaces, suggests a report issued Wednesday by Trend Micro Incorporated. The expectation is 2017 “will include…
Large-format lithium-ion batteries greater hazard in warehouse fires than smaller such batteries: FM Global
December 7, 2016 by Canadian UnderwriterLarge-format lithium-ion batteries, such as those used in electric cars, tend to ignite more quickly in a warehouse fire and generally present a higher hazard than small-format batteries used in smartphones and laptops, according to new research. FM Global, one…
Biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution: Novarica
December 6, 2016 by Canadian UnderwriterThe biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes…
U.S. prosecutor’s office paid bitcoin ransom in cyberattack
December 6, 2016 Joe Mandak - THE ASSOCIATED PRESSPITTSBURGH – A state prosecutor’s office in Pennsylvania was among hundreds of thousands of victims of a now-shuttered international cybercrime operation, paying nearly $1,400 in a bitcoin ransom to free up its infected computer network, authorities disclosed Monday. Federal prosecutors…
Copycat terrorists could use drones to attack planes, intelligence report warns
December 5, 2016 Jim Bronskill - THE CANADIAN PRESSOTTAWA – Publicity about near-misses between drones and passenger aircraft might give terrorists ideas about how to take down a plane, a federal intelligence report warns. The Transport Canada report obtained by The Canadian Press also suggests small unmanned aerial…
On Good Behaviour
December 2, 2016 Robert Capps, Vice President of Business Development, NuData SecurityWith holiday season fast approaching, a surge in online shopping cannot be far behind. But with online shopping comes increased risk of security breaches and fraud. Combining behavioural analytics, passive biometrics and traditional verification solutions could go a long way towards keeping those risks under wraps.
Swiss Re plans to expand R&D capabilities to efficiently allocate capital into growing risk pools
December 2, 2016 by Canadian UnderwriterSwiss Re’s stronger focus on and investment in research and development (R&D) to identify risk pools, as well as its move to further leverage technology, seeks to meet the twin goals of facilitating enhanced client support and creating competitive advantage.…
Unexpected threats should be a concern to SMEs in U.K.: RSA
December 2, 2016 by Canadian UnderwriterMore than a quarter of polled small and medium-sized enterprises (SMEs) in the United Kingdom reported being hit with an unexpected £50,000 bill would put them out of business, notes a new report released this week by RSA. And while…
Incumbent insurers need to understand the “ABCs of insurtech,” Novarica says
December 1, 2016 by Canadian UnderwriterIncumbent insurers need to understand the “ABCs” of insurtech – Analytics Arms Dealers, Beneficial Bots, Creative Carriers and Digital Distributors – to get a better grasp of the space, according to a new executive brief from Boston-based research and advisory…
Millennials interact with their banks more than Boomers; banks need to provide digital focus for all generations
December 1, 2016 by Canadian UnderwriterMobile adoption is high among U.S. Millennials when it comes to retail banking, but so too is the likelihood of visiting a teller or calling a contact centre, reveals new research released Thursday by New York-based Bain & Company Inc.…