Canadian Underwriter

Topic
Technology


News InsuranceTechnology

How smart speakers could ruin your reputation

May 2, 2019 by Jason Contant

Connecting consumers with brokers and insurers through voice technology has already begun, but a new blog from Harvard Business Review is warning companies that their reputation could be at risk. The blog was written for general business audiences, but included

News InsuranceTechnology

Why it’s hard for insurers to price cyber risk

May 1, 2019 by Greg Meckbach

It’s hard for an insurance company to price cyber because clients are reluctant to report losses, industry experts suggest. “You need historical incidents to understand the types of events out there,” Scott Stransky, assistant vice president and principal scientist in

News RiskTechnology

How Canada’s banks are tackling identity theft risk

May 1, 2019 By David Paddon - THE CANADIAN PRESS

TORONTO – Canada’s biggest banks marked the official launch of the Verified.Me digital identity network on Wednesday, following years of development and testing with their partner SecureKey Technologies Inc. The banks see Verified.Me as the beginning of a more secure

News RiskTechnology

Easy advice to help protect your clients against cyber attacks

April 30, 2019 by Jason Contant

What’s one easy piece of advice you can provide to your clients to help protect them from cyber-attacks? Change your passwords. Nearly one-third (30%) of people in Canada and the United States use the same passwords for all or most

News InsuranceMarkets / CoveragesRiskTechnology

The top threat facing Canadian businesses

April 29, 2019 by Jason Contant

Cyber attacks and data breaches are the Number 1 threat to businesses in North America, according to Aon plc’s newly released 2019 Global Risk Management Survey. Aon surveys thousands of risk managers across 60 countries and 33 industries every two

News RiskTechnology

What a liberal arts gaming enthusiast can bring to the cyber security table

April 29, 2019 by Greg Meckbach

A priest or minister could help your client manage cyber risk, and it’s not by praying that cyber criminals will leave your client alone. “My latest three hires have been a theologian, a political scientist and somebody who has their

News InsuranceTechnology

How AI can connect the dots between your systems

April 26, 2019 by Jason Contant

Artificial intelligence (AI) should be used to “connect the dots” between different data silos and decisions made within an insurance company, Charles Dugas, head of insurance at Element AI, said last week. The goal is to develop a system that

News InsuranceRiskTechnology

How tech will change the way you price risk

April 25, 2019 by Jason Contant

Insurance risk categories in the future will become so small they will become very difficult to price properly, a speaker predicted earlier this month at the CIP Society Symposium in Toronto. The number of distinct risk transfer categories appears to

News InsuranceRiskTechnology

M&A tip: how to avoid acquiring a “data lemon”

April 23, 2019 by Jason Contant

Insurance companies or brokerages looking to acquire another company should perform due diligence not just on the financials of the target firm, but also its regulatory vulnerabilities during the M&A process. “The idea is to identify potential data breaches and

News RiskTechnology

Help your client overcome the stigma of the “breach” word

April 23, 2019 by Greg Meckbach

Managing cyber risk effectively means considering the business objectives and setting rules on who can declare a breach has occurred, speakers told insurance professionals at a recent conference. “There is a big connotation as it relates to the word ‘breach,’”

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