Canadian Underwriter

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Technology


News AdjustersClaimsMergers and AqcuisitionsTechnology

Calgary claims vendor now owned by CoreLogic

December 19, 2018 by Greg Meckbach

CoreLogic Inc. announced Wednesday it has closed its acquisition of Symbility Solutions Inc. Irvine, Calif.-based CoreLogic – which provides risk data on properties to property and casualty insurers – already owned 28% of Symbility, a Calgary-based vendor of claims processing

News InsuranceTechnology

How ransomware can become a broker’s cyber selling point

December 18, 2018 by Jason Contant

Brokers placing cyber coverage for healthcare clients may want to take note of a new survey that found for many Canadian businesses, ransomware isn’t a one-time occurrence. Of those polled that said they knew of a ransomware attack in their

News InsuranceTechnology

Flying cars may appear in urban skies by 2023

December 17, 2018 Christopher Reynolds - THE CANADIAN PRESS

The flying cars depicted in science fiction classics such as “Blade Runner” and “The Fifth Element” have long been seen as flights of fancy, but their arrival is closer than you think. At least a dozen companies are prototyping or

News RiskTechnology

Not all Ontario schools follow this cyber security rule

December 14, 2018 by Greg Meckbach

Some former school board employees can still look at children’s records – including address and date of birth – over the Internet because their access to this system has not been revoked, the Auditor General of Ontario suggested in a

News InsuranceTechnology

How ‘exponential era technologies’ bedevil insurers

December 13, 2018 by Greg Meckbach

How you deal with the always-connected consumer will determine whether an insurtech will eat your lunch, speakers suggested at KPMG Canada’s annual insurance conference. “Digital is oxygen these days. If you are not digitizing your products and your service, you

News BrokersInsuranceMergers and AqcuisitionsTechnology

Why your brokerage needs a lead management system

December 12, 2018 by Jason Contant

Brokerages going through a major transformation such as a merger should consider a lead management system, recommends the CEO of a brokerage that underwent a merger in 2015. “Really focus on a lead management system because otherwise you’ll have no

News InsuranceTechnology

Is 2019 the year of hyper-personalized, omnichannel insurance in Canada?

December 12, 2018 by Jason Contant

Meeting consumers where they already are by moving towards an omnichannel strategy is one of the trends that will reshape the Canadian insurance industry in 2019, a market intelligence agency predicts. The application programming interface (API) mindset and integrated omnichannel

News InsuranceLegislation / RegulationRiskTechnology

This commercial insurers’ concern caught the auditor general’s attention

December 12, 2018 by Greg Meckbach

Concerns from insurers about boiler explosions has prompted an Ontario safety watchdog to recommend more regulatory oversight of pressure vessels and boilers used in wineries and other agricultural operations, the auditor general noted in a recent report. “Ontario is the only

News ClaimsRiskTechnology

Privacy breach hotel faces class action in Canada

December 11, 2018 Tara Deschamps - THE CANADIAN PRESS

TORONTO – Canadians who stayed at Marriott International Inc. and Starwood Canada ULC hotels are taking legal action against the companies following a security breach. At least three proposed class actions have been launched in Toronto and Montreal against the

News InsuranceTechnology

The hard part about making artificial intelligence work

December 11, 2018 by Greg Meckbach

Using artificial intelligence, brokers can gain valuable insights from data, but making decisions based on those insights might be easier said than done. “There is an issue that all companies struggle with. It’s one thing to gain insights out of

Ontario legislature at Queen's Park in Toronto, Ontario government
News Legislation / RegulationRiskTechnology

Cyber risk concerns behind this consumer protection law

December 11, 2018 by Greg Meckbach

Identity theft risk increases when banks release customer information to government agencies doing research, an Ontario politician suggests. “The more information flows around, the more likely there is to be a hacking. It’s just like the more you are driving

News RiskTechnology

What workers need to learn about cyber security

December 10, 2018 Joyce M. Rosenberg - THE ASSOCIATED PRESS

NEW YORK – It may seem obvious: Companies’ computers, mobile devices and accounts need secure passwords. But many small business owners don’t take the time to educate staffers about these very basic forms of cybersecurity. And staffers may not know