Canadian Underwriter

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Technology


News InsuranceTechnology

Why brokers shouldn’t focus on breach notification law when selling cyber

November 26, 2018 by Jason Contant

The nation-wide mandatory data breach law that came into effect Nov. 1 is “a good way and a reminder to start the conversation with their clients,” but brokers should ultimately focus selling efforts on the crime and business interruption aspects

News RiskTechnology

The single most important factor to successful AI adoption

November 24, 2018 by Jason Contant

The key to rebranding as an artificial intelligence (AI) company is tapping into an “ultra-specialized talent pool” with a deep understanding of the field, says the chief science officer at Royal Bank of Canada. “It’s impossible to overstate the importance

News AssociationsBrokersInsuranceTechnology

Minimum data set for commercial lines finalized

November 24, 2018 by Jason Contant

The Centre for Study of Insurance Operations (CSIO) has finalized the minimum data set for CSIO XML standards in commercial lines, paving the way for implementation of commercial data standards in the broker channel. The minimum data set comprises of

News InsuranceMarkets / CoveragesTechnology

The secret to appealing to younger Canadian insurance buyers

November 22, 2018 by Jason Contant

Thinking of abandoning your brick-and-mortar stores to appeal to the tech-savvy younger generations who love to buy everything online? Don’t just yet, suggests new research from broker management system provider Applied Systems and business intelligence research firm ORC International. Instead,

News InsuranceMarkets / CoveragesTechnology

Political battle over public v. private ride-sharing insurance in B.C.

November 21, 2018 by Jason Contant

The Insurance Corporation of British Columbia (ICBC) is prepared to offer a blanket, usage-based insurance product, likely by next fall, if proposed legislation on ride-hailing passes before Christmas, as anticipated by the Premier, according to published reports. However, the leader

News MGAsProductsRiskTechnology

Exclusive partnership will extend MGA’s cyber offerings

November 21, 2018 by Jason Contant

Managing general agent Burns & Wilcox has announced an exclusive partnership with a cybersecurity company to pair its specialty insurance products with data breach monitoring and notification services. The partnership with London, UK-based BreachAware, which specializes in data breach research

News Technology

This Canadian claims vendor could be bought by CoreLogic

November 20, 2018 by Greg Meckbach

Calgary claims software vendor Symbility Solutions Inc. is one step closer to being taken over by property risk data provider CoreLogic Inc. Shareholders of the publicly-traded Symbility will meet Dec. 13 to vote on a $160-million acquisition offer by CoreLogic. Symbility’s

News RiskTechnology

How fraudsters can dupe even tech-savvy risk analysts

November 20, 2018 by Jason Contant

Think it’s just your clients that can get tricked into revealing personally identifiable information (PII)? Not always. A recent experiment has shown that even tech-savvy individuals are willing to provide PII without due diligence. A Vancouver-based global identity and business

News InsuranceRiskTechnology

The Top 3 risk concerns for Canadian executives

November 19, 2018 by Jason Contant

Business executives in Canada and the United States say economic risk (21%) is their primary concern, followed closely by cyber risk (20%) and technology risk (16%). CNA Hardy released its first global Risk and Confidence Survey Monday. While over two-thirds

News InsuranceTechnology

The Co-operators Duuo could go ‘way beyond home share’

November 15, 2018 by Greg Meckbach

More Insurtech products – in addition to coverage for overnight home rentals – could be coming down the pipe from the recently-launched Duuo, a speaker with Slice Labs Inc. reports. Coverage for homeowners listing their place on sites like Airbnb

insPRESS Technology

Applied TAM Introduces Integration with CSIO’s My Proof of Insurance eDelivery Solution

November 15, 2018 by CSIO (Centre for Study of Insurance Operations)

TORONTO, ON, NOV. 15, 2018/insPRESS/ – The Centre for Study of Insurance Operations (CSIO) is pleased to announce that Applied has launched its integration with CSIO’s My Proof of Insurance eDelivery solution in Applied TAM in its latest general release. The My Proof of

News ClaimsLegislation / RegulationTechnology

What led to massive Nova Scotia privacy breach

November 14, 2018 THE CANADIAN PRESS

HALIFAX – An investigation by Nova Scotia’s privacy commissioner says health officials have been caught “snooping” on personal health records, something she says is a serious invasion of privacy and a prosecutable offence. In an annual report released Wednesday, commissioner