Canadian Underwriter

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Technology


News RiskTechnology

Should your clients have a chief security officer on the board?

April 17, 2019 by Greg Meckbach

Your client may or may not not need a chief security officer [CSO] on its board of directors, but cyber risk should nevertheless be high on its radar screen, speakers told insurance professionals Tuesday. “If the board doesn’t say, ‘Cyber

News InsuranceTechnology

Cyber pricing: Have carriers got it right?

April 17, 2019 by Greg Meckbach

Cyber insurance is a good tool to help clients understand their vulnerabilities, but carriers need to do a better job of pricing according to risk, speakers suggested at a recent conference. “There seems to be a lot of spit-balling on

News InsuranceTechnology

How usage-based insurance affects this carrier’s profits

April 12, 2019 by Greg Meckbach

Pembridge Insurance Company is asking brokers in four provinces to tell auto clients how much they could save by using a usage-based insurance app. Some motorists do not want usage-based insurance, Bob Tisdale, president of Pembridge, said Friday in an

News InsuranceTechnology

The limits of artificial intelligence in insurance

April 11, 2019 by Greg Meckbach

Artificial intelligence has not reached the point where it is replacing humans in the insurance industry because many processes still require human intervention, speakers said at a recent insurance conference. Artificial intelligence is used in some cases for client engagement

News InsuranceMergers and AqcuisitionsTechnology

Applied Systems acquires TechCanary

April 10, 2019 by Jason Contant

Broker management system provider Applied Systems announced Wednesday it has acquired TechCanary. TechCanary is a cloud-based insurance customer relationship management (CRM) system built natively on the Salesforce.com platform for brokerages, managing general agencies (MGA), wholesalers and insurers. Details of the

News RiskTechnology

The downside risk of machine learning

April 8, 2019 by Greg Meckbach

Machine learning and artificial intelligence can create liability risk if it makes decisions that would be inappropriate or even illegal if a real person made them, a risk expert warns. “If you train an algorithm with data that has underlying

News InsuranceProfessional DevelopmentTechnology

Industry veteran Steve Whitelaw joins Applied Systems

April 5, 2019 by Jason Contant

Applied Systems has appointed Steve Whitelaw as vice president of industry and partner relations for the Canadian marketplace. With more than 20 years of technology leadership and industry relations experience, Whitelaw was previously vice president of IT planning, execution and

News Technology

How Canada’s electric vehicle infrastructure is improving

April 4, 2019 Ian Bickis - THE CANADIAN PRESS

TORONTO – The electric vehicle road trip is becoming a practical reality as an increasing number of players work to close gaps in Canada’s fast-charger networks and ease fears of getting stranded along the way. New entrants like Petro-Canada and

News AppointmentsInsuranceProfessional DevelopmentTechnology

CSIO announces new board chair

April 3, 2019 by David Gambrill

Sean Christie has been elected chairman of the board at the Centre for Study of Insurance Operations (CSIO). Christie is the chief information officer and vice president of information services at Gore Mutual Insurance Company. He has been a director

News InsuranceTechnology

The case for scaling intelligent automation technologies

April 2, 2019 by Jason Contant

There is a direct correlation between scalability of intelligent automation (IA) technologies and financial performance, a new KPMG International study has found. Based on a survey of nearly 600 business leaders (including 100 top-level executives) across 13 countries, including Canada,

News LegalRiskTechnology

Cyber attack in Canada spawns $60 million lawsuit

March 29, 2019 By Colin Perkel - THE CANADIAN PRESS

TORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,

News InsuranceMarkets / CoveragesRiskTechnology

How sports hazing and abuse affects insurers

March 26, 2019 by Jason Contant

There seems to be no shortage of hazing and abuse incidents in the news lately. Earlier this month, a Miami University student was allegedly hit “with a paddle with spikes and grooves,” forced to drink large amounts of alcohol and