Canadian Underwriter

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Technology


News InsuranceMarkets / CoveragesTechnology

What happens when insurance, technology and healthcare collide?

March 5, 2020 by Jason Contant

The convergence of healthcare and technology could have a knock-on effect for the Canadian property and casualty insurance industry, a specialty insurer said recently. “For healthcare providers, they can largely model what the risks have been for the last 100

News Technology

How high-tech venture capital funding leads to better cyber insurance pricing

March 4, 2020 by Greg Meckbach

Recent advances in cybersecurity, driven in part by a spike in venture capital funding, are helping insurers price cyber more accurately, an insurance industry consultant suggests. “There is a huge advancement around the use of artificial intelligence and advanced analytics

News BrokersInsuranceMergers and AqcuisitionsTechnology

Selling your brokerage? What your potential buyers are looking for

March 4, 2020 by Jason Contant

Brokers who can best balance online distribution with personal advice will reap the benefits in the current merger and acquisition (M&A) environment, a brokerage M&A expert noted recently. “In Canada, brokers have generally been successful in defending against pure direct

News InsuranceTechnology

What are Canadian insurtechs doing with their new venture capital funding?

March 3, 2020 by Greg Meckbach

A sharp rise in venture capital funding to Canadian fintechs has spawned investments in technology intended to improve property and casualty claims management, the insurance leader with PwC Canada suggests. “There has been a broad-stroke move to have significantly more

News BrokersCommercial LinesInsuranceLegalMarkets / CoveragesTechnology

How to negotiate the nuanced world of email fraud coverage

March 3, 2020 by Jason Contant

Your commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our

Feature RiskTechnology

The future of cyber

March 2, 2020 Greg Meckbach, Associate Editor

Nathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.

News BrokersCommercial LinesInsuranceMarkets / CoveragesTechnology

How easy is it for brokers to get terms in the cyber market?

February 27, 2020 by Jason Contant

Capacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more

News InsuranceTechnology

Why Amazon and Google aren’t eating your lunch in Canada

February 27, 2020 by David Gambrill

While the hardening market has taken a significant bite out of the industry’s profits, it may also be insulating brokers and insurers from competing against giant tech disruptors such as Amazon and Google for insurance sales, says a former financial

News Commercial LinesInsuranceTechnology

Car sharing firm leaves Canada with valuable data in changing market: expert

February 27, 2020 Brenna Owen - THE CANADIAN PRESS

VANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose

News RiskTechnology

Watchdogs to probe use of facial recognition technology

February 25, 2020 The Canadian Press

OTTAWA – The federal privacy watchdog and three of his provincial counterparts will jointly investigate Canadian use of facial-recognition technology supplied by U.S. firm Clearview AI. Privacy commissioner Daniel Therrien says he will be joined in the probe by ombudsmen

News InsuranceRiskTechnology

Cyber criminals using coronavirus-themed emails to deliver malware

February 10, 2020 The Canadian Press

TORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick

Feature Technology

Driving connectivity

February 6, 2020 Steve Whitelaw, Vice President, Industry Relations, Applied Systems

Brokers looking to achieve better connectivity with their insurer partners should focus on two core areas of their business