Topic
Technology
The next steps to making IBAC Data Exchange a reality
August 3, 2018 by Greg MeckbachBrokers 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…
Why Canadian companies need to ‘digitally upskill’ their staff
August 2, 2018 by Jason ContantWhile 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…
Why Canada is said to be ahead of U.S. on real-time data exchange
August 2, 2018 by Jason ContantWhen 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…
TechCanary incorporates in Canada, eyes future expansion
August 1, 2018 by Jason ContantMilwaukee-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…
Why carriers should share with their competitors
August 1, 2018 by Greg MeckbachInsurance 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…
How to advise clients on cyber after Algonquin breach
July 31, 2018 by Jason ContantBrokers 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…
The trick to getting blockchain to work for insurance
July 30, 2018 by Jason ContantThe 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.…
One easy way for retailers to manage cyber risk
July 30, 2018 by Greg MeckbachRetailers 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…
Intact explores blockchain’s insurance potential
July 29, 2018 by Greg MeckbachOne 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…
How to give your small business clients an online quote in 3 minutes
July 26, 2018 by David GambrillIntact 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…
Calgary university uses 3-D analysis for wildfire, oil spill investigations
July 25, 2018 Bill Graveland - THE CANADIAN PRESSCALGARY – A crime-scene-type tool is being used by an Alberta university to help investigators looking into the cause of wildfires, arsons and oil spills. Gwen O’Sullivan of Mount Royal University in Calgary said the $550,000 mass spectrometer separates complex…
Controversy swirls around province’s plan for ridesharing insurance
July 24, 2018 by Jason ContantB.C.’s provincial government will introduce legislation to enable ridesharing in the province by fall of 2019, prompting the industry’s private insurers to say they can provide ridesharing insurance faster and better than the province’s public insurer. B.C.’s Ministry of Transportation…