Canadian Underwriter

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Technology


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How reliable are severe weather emergency alerts?

June 5, 2019 by Jason Contant

Two tornadoes that swept through the Ottawa region Sunday have prompted questions about the effectiveness of Canada’s emergency alert system. Questions arose after numerous residents reported that they never received warnings about a tornado that hit Orléans, an east-end suburb

News ClaimsClaims CanadaLegislation / RegulationTechnology

Mainstream autos get driver monitoring devices

June 4, 2019 By Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Would you pay more for a car or SUV that warns you if you’re falling asleep or not paying attention behind the wheel? Auto companies are figuring that because your life could depend on it, you will. As

News InsuranceLegislation / RegulationTechnology

Competitive insurance industry urged to collaborate more often

May 31, 2019 by Adam Malik

To get the best out of your collaboration efforts, get outside of your comfort zone. The best companies understand the value of collaboration, said Sven Roehl, co-founder of Cookhouse Lab, an insurtech innovation firm. But they also understand they need

News InsuranceTechnology

One way to cut time and effort from handling paper forms

May 30, 2019 by Greg Meckbach

Do your workers spend hours typing information from paper forms into the computer? There are ways of automating this. “Nowadays, you probably have documents coming in and you put them on the scanner. When you are going to put them

News Technology

Don’t count on self-driving cars being just around the corner

May 29, 2019 by Greg Meckbach

If you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years,

News InsuranceTechnology

Why cyber insurers can expect to make more (and bigger) claims payments

May 29, 2019 by Jason Contant

Not only is the frequency of ransomware attacks skyrocketing, attackers are targeting larger organizations and demanding higher ransom payments. Specialist insurer Beazley released its Beazley Breach Insights report for May last week, finding that ransomware attack notifications against clients increased

News ClaimsClaims CanadaTechnology

This aspect of automated vehicle technology is confusing your clients

May 28, 2019 by Greg Meckbach

Is it your client’s fault if they got into an accident in a partly-automated vehicle because they failed to understand exactly what the car’s computer could and could not do? “I’m sure it will be fought in court battles over

News RiskTechnology

Cyber hacking: customized for Canada

May 27, 2019 by Jason Contant

Brokers advising their clients on cyber security will want to take note of new research that identified nearly 100 malicious email campaigns that were specifically targeted at Canadian organizations or were customized for Canadian audiences. “Much of this is due

News BrokersInsuranceProductsTechnology

New cyber insurance platform offers quotes using single piece of data

May 23, 2019 by Jason Contant

While online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote

News InsuranceTechnology

Huawei a small part of an ‘insurmountably hard problem’ of cybersecurity

May 22, 2019 by Greg Meckbach

The controversy over telecommunications equipment from Chinese manufacturer Huawei is just the tip of a large cyber risk iceberg, an Internet security expert warns. “The question is, should we trust the country in which the company whose products and services

News InsuranceTechnology

Insurtech launches exclusive line of insurance

May 22, 2019 by Jason Contant

An insurtech that positions itself as the first Canadian company to specialize exclusively in tenant insurance has launched after months of research and development. Montreal-based Allset launched last week, using a “matching” algorithm to compare the tenant’s needs to over

News InsuranceMarkets / CoveragesTechnology

Why rewards programs are a new cyber threat

May 21, 2019 by Jason Contant

If your client offers loyalty and rewards programs, they may want to keep a closer eye on securing these “non-traditional risk points” from cyber criminals. Earlier this year, several McDonald’s customers in Canada complained that criminals had breached their accounts