Canadian Underwriter


News Technology

Why this broker says ‘there is no such thing as insurtech’

February 28, 2018 by Greg Meckbach

Although Canada has at least 50 companies that could be described as “insurtech,” the term itself is just a buzzword, speakers suggested Tuesday at the Technology Conference. “I think the biggest thing of insurtech is the buzzword that is

insPRESS Technology

Policy Works unveils industry’s first Bordereau reporting functionality

February 28, 2018 by Steve Pieroway

  Calgary, Feb. 28, 2018 /insPRESS/ –  Are you an issuing broker? Are you required to submit a bordereau? If you’re a Policy Works customer, creating bordereaux just got a whole lot easier. How easy? Watch the video. “I’m really

News InsuranceMarkets / CoveragesTechnology

How cyberattacks can sabotage the plants of your industrial clients

February 27, 2018 by Jason Contant

Industrial control systems (ICS) at manufacturing plants are perfect targets for cybercriminals because they are not designed with security in mind, Zurich Canada’s head of specialty products, Greg Irvine, said recently. Speaking at NetDiligence’s Cyber Risk Summit in Toronto on

insPRESS AnnouncementsTechnology

One Thousand Users Benefiting from ClearPay Transactions

February 27, 2018 ClearPay

Toronto, Feb. 27, 2018 /insPRESS/ – ClearPay, the Canadian leader in automating payment settlements and reconciliation for the Insurance Industry, announced today that there are now over one thousand users using ClearPay. “It has been rewarding to see the increasing

News InsuranceMarkets / CoveragesTechnology

What customers will soon expect from insurance carriers

February 26, 2018 by Jason Contant

Insurance customers are going to start expecting personalized products and services based on data, Andrew Lo, president and CEO of Kanetix Ltd., said during a webinar Thursday. “Our customers are going to expect smart personalization like, ‘Give me the products

News InsuranceMarkets / CoveragesTechnology

These simple questions can defuse your client’s resistance to cyber

February 26, 2018 by Jason Contant

Clients’ arguments against purchasing cyber insurance can often easily be defused, delegates attending NetDiligence’s Cyber Risk Summit heard Friday. Lindsey Nelson, international cyber team leader with CFC Underwriting, said she is often surprised when she hears companies saying they don’t

News InsuranceMarkets / CoveragesTechnology

A broker’s walkthrough of cyber insurance with a client

February 25, 2018 by Jason Contant

The majority of clients that Marsh Canada meets with – anecdotally 70-80% – still don’t understand what a cyber insurance policy does, Jeremiah Tonn, vice president of the brokerage’s cyber practice, said on Friday. Speaking at NetDiligence’s Cyber Risk Summit

News InsuranceMarkets / CoveragesTechnology

Numbers don’t show that safety technology leads to lower repair costs

February 25, 2018 by Jason Contant

It’s a common thing to hear in Canada’s P&C insurance industry: Although auto repair costs will increase in the short term because of advanced safety technologies installed in today’s vehicles, over the long haul, the frequency of incidents should decrease

News InsuranceTechnology

RSA Canada joins chorus of insurers seeking auto rate increases

February 23, 2018 Greg Meckbach, Associate Editor

Distracted driving and the cost of repairing vehicles equipped with the latest technology are among the reasons RSA Canada is looking to increase auto insurance rates across Canada. “We have seen a trend of increasing frequency [of collisions] which we

News Markets / CoveragesTechnology

Expectations high that federal budget will make big investments in cybersecurity

February 23, 2018 Andy Blatchford and Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Government and industry insiders have high expectations next week’s federal budget will contain big investments to help Canada reinforce its cybersecurity defences in an age of heightened global threats to businesses, privacy and democracy. A senior government official

insPRESS AnnouncementsTechnology

A.P. Reid Insurance leads the way in technology with new client web access

February 23, 2018 by Ian Portsmouth

Dartmouth, NS, Feb. 23, 2018 /insPRESS/ – A.P. Reid Insurance Stores, a leading national insurance brokerage, is excited to announce the launch of their new, user-friendly online customer portal and mobile app, branded the ‘A.P. Reid Client Access Centre’. The technology

News Markets / CoveragesTechnology

Cyberattacks will increasingly lead to business interruption, cyber insurer warns

February 22, 2018 by Jason Contant

Cyber insurer Beazley is expecting an increase in cyberattacks that lead to business interruption, especially due to the growth of cloud platforms and connected devices in the workplace. On Wednesday, Beazley released its 2018 Breach Briefing outlining the types of