Topic
Technology
Understanding the changing customer key to helping prevent disruption, CIP Symposium speaker says
April 24, 2016 Jason Contant, Online EditorNot understanding the changing customer could prove detrimental to the insurance industry, Sam Natur, CEO and president of Bullfrog Insurance, told conference attendees last week at the 2016 CIP Society Symposium in Toronto. “If you think that’s not going to…
YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance
April 22, 2016 by Canadian UnderwriterThe first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms…
Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium
April 22, 2016 Jason Contant, Online EditorWith the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice…
Half of CEOs worldwide expect substantial digital transformation, Gartner survey finds
April 21, 2016 by Canadian UnderwriterHalf of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year…
Vast majority of tested applications have at least one vulnerability: cyber security report
April 20, 2016 by Canadian UnderwriterCyber criminals are increasingly making use of malware-as-a-service, an issue of concern given that 97% of applications tested by Trustwave in 2015 had at least one vulnerability, note findings from the 2016 Trustwave Global Security Report. While the lion’s share…
Quebec financial services regulator urges caution over peer-to-peer risk sharing platforms
April 20, 2016 by Canadian UnderwriterQuebec’s financial services regulator is urging caution following the “recent emergence of peer-to-peer risk sharing platforms.” The Autorité des marchés financiers (AMF) said in a press release on Tuesday that it has noticed that companies are offering consumers platforms where…
Drone collision with jet highlights growing aviation danger
April 18, 2016 Jill Lawless - THE ASSOCIATED PRESSLONDON – A collision between a British Airways passenger jet and a drone over London has left the plane undamaged but the aviation industry deeply shaken. British police and air accident authorities were investigating Sunday’s incident, in which an Airbus…
Two-thirds of polled Canadians do not trust self-driving vehicles, but think there are benefits in the future: CAA
April 18, 2016 by Canadian UnderwriterCanadians are wary of driverless cars, with nearly two-thirds saying they would not trust a vehicle to drive itself while they are in it, according to new research released on Monday by the Canadian Automobile Association (CAA). CAA said that…
GM to recall over 1 million pickups, most in U.S. and Canada, to fix seat belts
April 18, 2016 The Associated PressDETROIT – General Motors is recalling more than a million Chevrolet Silverado and GMC Sierra pickup trucks worldwide because the seat belts may not hold the driver in a crash. Most of the trucks were sold in the U.S. and…
Customers ‘highly highly irritated’ if websites too slow: CSIO speaker
April 15, 2016 Greg Meckbach, Associate EditorInsurance providers with a mobile web presence need to ensure their pages load quickly, a Google Inc. executive suggested Thursday to industry professionals in Toronto during the Centre for Study of Insurance Operations (CSIO) annual members’ meeting. “Google is optimizing…
North American workers exhibit risky cloud behavior, study finds
April 14, 2016 by Canadian UnderwriterEnterprise cloud adoption has matured in recent years, but employees using cloud apps continue to display “reckless technology habits” that put their employers at risk, according to a study released on Wednesday by a North American IT solutions and managed…
Air bag danger: US counts 85M unrecalled Takata inflators
April 14, 2016 Tom Krisher - THE ASSOCIATED PRESSDETROIT – About 85 million Takata air bag inflators that haven’t been recalled are inside cars and trucks now being driven in the U.S. and would have to be replaced if the company can’t prove they are safe, the government…