Canadian Underwriter

Topic
Technology


News Technology

What to consider when tempted by a ‘shiny’ tech tool

November 13, 2018 by Greg Meckbach

Before deciding whether to buy the latest and greatest technologies, a broker need to understand what problem that technology is actually going to solve, speakers said during a recent technology conference. “A lot of people are trying to sprinkle insurtech

News InsuranceRiskTechnology

Breach notification law calls for some ‘major adjustments’

November 13, 2018 by Greg Meckbach

The Canada-wide data breach law, which has been in effect for two weeks, is pushing businesses manage cyber risk more effectively, a computer security expert says. The federal Digital Privacy Act makes it mandatory for clients to disclose data breaches

News Technology

A new technology that could reduce crash risk

November 12, 2018 by Greg Meckbach

Could vehicle collision frequency drop once  fifth-generation (5G) cellular wireless technology rolls out in Canada? 5G wireless can allow vehicles talk to each other, said Peter Linder, head of 5G marketing for North America at Telefonaktiebolaget LM Ericsson. “You can

News Technology

Three ways to improve document management

November 9, 2018 by Greg Meckbach

Brokers moving towards a paperless office should watch how much time their staff spend scanning documents. “There is a big difference between scanning for personal use and scanning for business,” said Steve Oblin, senior marketing manager for Fujitsu Canada Inc.’s

News InsuranceTechnology

How Canadian insurers should price for their ‘silent cyber’ exposures

November 8, 2018 by David Gambrill

The possibility exists of a global, widescale, multi-country cyber security breach. To get a true sense of their overall exposure, Canadian property and casualty insurers should be reviewing all of the policies they sell – not just dedicated cyber policies,

News RiskTechnology

Why cyber criminals may be targetting this Canadian bank

November 8, 2018 Armina Ligaya - THE CANADIAN PRESS

TORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third

News BrokersInsuranceTechnology

The ‘big area of inefficiency’ for brokers

November 8, 2018 by Greg Meckbach

The holy grail for brokers, of having their computers talk directly to carriers’ computers, is “going to happen,” an InsurTechTO speaker suggested Wednesday. “The big area of inefficiency is still duplicate entry,” Michael Loeters, senior vice president of commercial insurance

News Technology

Insurance without the carrier coming soon

November 7, 2018 by Greg Meckbach

A blockchain-based business insurance model that could see non-regulated investors as the capital providers is coming sooner that you think, although it may not necessarily arrive in Canada in the short term, predicts an executive who has led two major

News InsuranceTechnology

Successful test of real-time data exchange on first notice of loss

November 7, 2018 by David Gambrill

Commercial brokerages and carriers have confirmed in a test case scenario that they can successfully exchange claims data from a first notice of loss (FNOL) form electronically, beginning and ending in the broker management system (BMS). In the Toronto Insurance

News InsuranceRiskTechnology

Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety

November 2, 2018 by Jason Contant

Developing technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon

News InsuranceProductsTechnology

New app centralizes and digitizes the entire insurance lifecycle

November 1, 2018 by Jason Contant

An artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at

News RiskTechnology

Think your password has been stolen? Think again.

October 30, 2018 by Jason Contant

Brokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years