Topic
Technology
Deception Detection
December 6, 2019 Dan McKenzie, Principal Solution Architect, Financial Crimes, SASTechnology should enhance your anti-fraud strategy, not replace it. Here’s why…
Why brokers need to change cyber talking points for each client
December 6, 2019 by Jason ContantBrokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to…
Growth in data breaches shows need for government regulations
December 5, 2019 Michael Parent, Professor of Management Information Systems, Simon Fraser University - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Michael Parent, Professor of Management Information Systems, Simon Fraser University…
Brokers tackle distracted driving with social media campaign
December 4, 2019 by Jason ContantInsurance Brokers Association of Canada (IBAC) and Canada Safety Council (CSC) have teamed up for a new social media-led campaign timed to coincide with Distracted Driving Week, which runs until Dec. 7. The campaign focuses on two key distracted driving…
Why solvency regulator is concerned about ‘black box’ underwriting
December 4, 2019 by Greg MeckbachConcerned about whether “black box” underwriting methods based on artificial intelligence are good for your clients? So is Canada’s federal insurance regulator. “We get a lot of questions around AI and what are we to do about it,” said Neville…
Applied Systems to acquire Indio Technologies
December 4, 2019 by Jason ContantApplied Systems announced Wednesday it has entered into a definitive agreement to acquire Indio Technologies, a software company that digitizes the insurance application and renewal process. The announcement comes less than two months after Applied acquired Policy Works, a major…
When will ride-hailing arrive in British Columbia?
December 3, 2019 The Canadian PressVICTORIA – Premier John Horgan says ride-hailing is on its way to British Columbia and if the service isn’t available by Christmas it shouldn’t be seen as a government failure. The premier says the approval process to bring ride-hailing services…
Why there needs to be a refresh of policy triggers for this E&O coverage
November 29, 2019 by Jason ContantThere needs to be a complete refresh and rethink of policy triggers for healthcare liability insurance to make sure it’s up to speed for the digital age, a specialist insurer said. With traditional insurance for medical malpractice, a type of…
How commercial brokers and carriers are dealing with the war for talent
November 29, 2019 by Jason ContantCommercial brokerages are looking at non-traditional approaches, particularly around technology, to attract and build producer talent, speakers said Thursday at Insurance Bureau of Canada’s inaugural Commercial Insurance Symposium in Toronto. “We’re seeing some commercial brokerages put increasing emphasis on [non-traditional…
The home insurance coverage your clients don’t know about
November 27, 2019 by Greg MeckbachMost home insurance clients don’t know they could be covered for identity theft, Top Broker Summit attendees heard Monday. “On the personal lines side, there have been a number of companies in Canada that have offered identity theft coverage for…
What insurance executives fear will make them go out of business in 5 years
November 27, 2019 by Jason ContantForget about attracting talent, keeping up with rapid change, or complying with a myriad of regulations – what’s really keeping insurance executives up at night is scaling artificial intelligence (AI) for their business. According to a recent report from Accenture,…
What’s coming to the forefront of commercial insurance
November 27, 2019 by Greg MeckbachHow do you insure intangible assets like intellectual property or data on the cloud? If you are not thinking about this now, you could be in a few years, insurance company executives told brokers attending Canadian Underwriter‘s Top Broker Summit…