Topic
Technology
Road to Judgment
May 1, 2016 Greg Meckbach, Associate EditorSuppose that, because the name Bruce Springsteen appears nine times in this editorial (twice in the lede), an Internet search engine misidentifies Bruce Springsteen, rather than self-driving cars, as a key topic. Search engines are now pertinent to traffic safety…
Allowing both telematics program discounts, surcharges could secure a solid future for telematics in Canada: speaker
April 30, 2016 Angela Stelmakowich, EditorAllowing both discounts and surcharges for all telematics programs are among the changes that could help ensure telematics has a bright future in Canada, Donald Light, director of Celent’s North America property casualty practice, suggested Thursday at Insurance Telematics Canada…
Regulatory change demands that insurers show regulators using telematics data for claims management would help consumers
April 28, 2016 Angela Stelmakowich, EditorThe Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice…
Global IT spending in insurance to grow to US$184.9 billion in 2016: Celent
April 28, 2016 by Canadian UnderwriterGlobal IT spending in insurance will grow to US$184.9 billion this year, according to a report released on Thursday by Celent, a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. The report, titled…
Estonian gets prison in cyberscam that infected 4M computers
April 27, 2016 The Associated PressNEW YORK – An Estonian businessman has been sentenced in New York to over seven years in prison for his role in a cyberscam that infected 4 million computers in over 100 countries. Vladimir Tsastsin was sentenced Tuesday by U.S.…
The Boiler Inspection and Insurance Company of Canada introduces coverage for invisible risks to microelectronics
April 27, 2016 by Canadian UnderwriterThe Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced on Wednesday the introduction of TechAdvantage – a product the company is calling the “first equipment breakdown insurance product covering undetectable physical damage to microelectronics.”…
Class action filed after privacy breach at one Ontario children’s aid office
April 26, 2016 Michelle McQuigge - THE CANADIAN PRESSTORONTO – An eastern Ontario children’s aid society is facing a $75 million lawsuit after a cyber attack resulted in a list of client names being stolen and shared on local Facebook groups. At least three dozen people have expressed…
Worldwide IoT security spending to reach US$348 million in 2016, up 23.7% from 2015: Gartner
April 26, 2016 by Canadian UnderwriterWorldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in…
CSIO introduces new eSignatures savings calculator
April 26, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Tuesday that it has released its new eSignatures Savings Calculator tool, which supports members in determining the return on investment (ROI) of adopting an eSignatures solution. The calculator estimates the…
Aviva Canada, ICLR team up for free emergency preparedness mobile app
April 26, 2016 by Canadian UnderwriterAviva Canada has partnered with the Institute for Catastrophic Loss Reduction (ICLR) for the creation of a free emergency preparedness mobile app. The free Plan & Protect app, announced on Tuesday, can be downloaded to mobile devices, where users will…
Success for insurers involves “dramatic” transformation of workforces and cultures for digital world: Accenture study
April 26, 2016 by Canadian UnderwriterInsurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and…
Kanetix Ltd. partners with ClientDesk to help insurance industry engage with customers digitally
April 25, 2016 by Canadian UnderwriterKanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app.…