Canadian Underwriter

Topic
Technology


News InsuranceRiskTechnology

Innovation, yes. But don’t forget to manage the risks.

August 10, 2018 by Jason Contant

While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she

News LegalLegislation / RegulationRiskTechnology

Canadian tech firm flags effect of EU’s new privacy law

August 10, 2018 by Greg Meckbach

New privacy rights for Europeans have changed the way a Canadian multinational business software provider looks at its liability risk. The European General Data Protection Regulation (GDPR) took effect May 25 and makes it mandatory for companies to disclose data

News InsuranceTechnology

The next steps to making IBAC Data Exchange a reality

August 3, 2018 by Greg Meckbach

Brokers who spend too much time typing information into two different computer systems are getting help from the Insurance Brokers Association of Canada, and IBAC is looking for help on some new working groups. IBAC aims to have some working

News EmploymentProfessional DevelopmentRiskTechnology

Why Canadian companies need to ‘digitally upskill’ their staff

August 2, 2018 by Jason Contant

While a majority (85%) of Canadian organizations are investing in emerging technologies, few of them are managing the risks associated with technology, such as cybersecurity threats and lack of talent, a recent PwC Canada report has found. The Full Risk

News BrokersTechnology

Why Canada is said to be ahead of U.S. on real-time data exchange

August 2, 2018 by Jason Contant

When it comes to real-time data exchange, the insurance industry in Canada seems to be more on the right path than south of the border, said the CEO and co-founder of an insurtech in the United States that recently incorporated

News InsuranceProductsTechnology

TechCanary incorporates in Canada, eyes future expansion

August 1, 2018 by Jason Contant

Milwaukee-based insurtech company TechCanary has incorporated in Canada, with headquarters in Laval, Que. and an eye to opening another office in Toronto. TechCanary CEO and co-founder Reid Holzworth told Canadian Underwriter Tuesday that “it’s not planned yet, but we’ll open

News AssociationsBrokersInsuranceTechnology

Why carriers should share with their competitors

August 1, 2018 by Greg Meckbach

Insurance carriers selling through brokers should share, with competitors, some of the software they make to exchange data with brokers’ computer systems, speakers suggested Wednesday at the Data Exchange (D/X) launch. “We need to communicate more quickly and efficiently with

News BrokersInsuranceRiskTechnology

How to advise clients on cyber after Algonquin breach

July 31, 2018 by Jason Contant

Brokers can aid their clients by raising awareness of the common tactics of cybercriminals, as well as by advising their clients to be careful about with whom they share their personally identifiable information (PII). Zac Cohen, general manager of Vancouver-based

News InsuranceMarkets / CoveragesReinsuranceTechnology

The trick to getting blockchain to work for insurance

July 30, 2018 by Jason Contant

The trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday.

News ClaimsRiskTechnology

One easy way for retailers to manage cyber risk

July 30, 2018 by Greg Meckbach

Retailers can reduce cyber liability risk if managers know exactly where computer files containing sensitive information is stored. Many retailers are “expanding their digital footprints” and storing personal information – such as customers’ names and addresses – on computers, noted

News InsuranceTechnology

Intact explores blockchain’s insurance potential

July 29, 2018 by Greg Meckbach

One of the “disruptive promises” of blockchain is the ability to use it for insurance, and Canada’s largest insurer confirmed recently that it is exploring its potential. Thus far, however, blockchain  “is still [a research and development] project” at Intact Insurance, Jean-François

News InsuranceProductsTechnology

How to give your small business clients an online quote in 3 minutes

July 26, 2018 by David Gambrill

Intact Insurance has launched its new Commercial Property and Liability insurance Quick Quote, a tool designed to give small business owners an insurance quote on their business in about three minutes. The online commercial property and liability quoting tool follows