Canadian Underwriter

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Technology


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Why carriers should share with their competitors

August 1, 2018 by Greg Meckbach

Insurance carriers selling through brokers should share, with competitors, some of the software they make to exchange data with brokers’ computer systems, speakers suggested Wednesday at the Data Exchange (D/X) launch. “We need to communicate more quickly and efficiently with

News BrokersInsuranceRiskTechnology

How to advise clients on cyber after Algonquin breach

July 31, 2018 by Jason Contant

Brokers can aid their clients by raising awareness of the common tactics of cybercriminals, as well as by advising their clients to be careful about with whom they share their personally identifiable information (PII). Zac Cohen, general manager of Vancouver-based

News InsuranceMarkets / CoveragesReinsuranceTechnology

The trick to getting blockchain to work for insurance

July 30, 2018 by Jason Contant

The trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday.

News ClaimsRiskTechnology

One easy way for retailers to manage cyber risk

July 30, 2018 by Greg Meckbach

Retailers can reduce cyber liability risk if managers know exactly where computer files containing sensitive information is stored. Many retailers are “expanding their digital footprints” and storing personal information – such as customers’ names and addresses – on computers, noted

News InsuranceTechnology

Intact explores blockchain’s insurance potential

July 29, 2018 by Greg Meckbach

One of the “disruptive promises” of blockchain is the ability to use it for insurance, and Canada’s largest insurer confirmed recently that it is exploring its potential. Thus far, however, blockchain  “is still [a research and development] project” at Intact Insurance, Jean-François

News InsuranceProductsTechnology

How to give your small business clients an online quote in 3 minutes

July 26, 2018 by David Gambrill

Intact Insurance has launched its new Commercial Property and Liability insurance Quick Quote, a tool designed to give small business owners an insurance quote on their business in about three minutes. The online commercial property and liability quoting tool follows

News InsuranceTechnology

Calgary university uses 3-D analysis for wildfire, oil spill investigations

July 25, 2018 Bill Graveland - THE CANADIAN PRESS

CALGARY – A crime-scene-type tool is being used by an Alberta university to help investigators looking into the cause of wildfires, arsons and oil spills. Gwen O’Sullivan of Mount Royal University in Calgary said the $550,000 mass spectrometer separates complex

News InsuranceLegislation / RegulationTechnology

Controversy swirls around province’s plan for ridesharing insurance

July 24, 2018 by Jason Contant

B.C.’s provincial government will introduce legislation to enable ridesharing in the province by fall of 2019, prompting the industry’s private insurers to say they can provide ridesharing insurance faster and better than the province’s public insurer. B.C.’s Ministry of Transportation

News InsuranceTechnology

Will telematics make territory-based rating a thing of the past?

July 24, 2018 by Greg Meckbach

The use of telematics in pricing auto insurance is going to become more “prevalent,” and a major property and casualty insurer is trying to use the technology to get a better idea of driver risk, speakers said during a recent

News InsuranceTechnology

Canadian P&C industry enters “hybrid cloud” phase

July 24, 2018 by David Gambrill

Canadian P&C insurance companies have entered a transitional technology phase that will see data from their legacy systems get transferred online. “We are in a hybrid-cloud paradigm,” Frank Attaie, vice president of cloud and software at IBM Canada, told Canadian

News InsuranceMarkets / CoveragesTechnology

Travel insurance program targets those not buying through brokers

July 23, 2018 by Jason Contant

Specialized travel insurance provider TuGo has launched an Affiliate Program, a secondary distribution channel to reach travellers who aren’t currently buying products through traditional channels such as brokers. TuGo’s CEO, Patrick Robinson, told Canadian Underwriter Monday that TuGo’s Affiliate Program

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

The preferred way to transfer risk of automated cars: Travelers

July 22, 2018 by Jason Contant

The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as