Canadian Underwriter

Topic
Technology


News ClaimsMergers and AqcuisitionsTechnology

How corporate mergers impact cyber risk

September 19, 2018 by Greg Meckbach

Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,

News ClaimsInsuranceTechnology

Mitchell data confirms increased Canadian collision costs

September 17, 2018 by Jason Contant

Recent data from Mitchell International seems to confirm what Canadian insurers have been saying: collision repair costs and severity potential is increasing. On Sept. 11, Mitchell released its Canada Collision Summary: Q2 2018 report. It includes Canada-specific data from body

News RiskTechnology

How insurers can tell real online consumers from fake ones

September 17, 2018 by Jason Contant

Being able to quickly identify a “true” customer compared to a synthetic identity created by a cybercriminal can help insurers tailor offerings to the right customers early in the account creation process, a security engineer said Friday. “If you know

News RiskTechnology

Machines to handle over half of workplace tasks by 2025, report says

September 17, 2018 Jamey Keaten - THE ASSOCIATED PRESS

GENEVA – More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labour market will change

News InsuranceTechnology

Hacked Ontario town recently purchased cyber insurance

September 14, 2018 The Canadian Press

Police in Ontario are warning municipalities about a rash of cyberattacks targeting local governments in which hackers demand a ransom in exchange for access to systems. Ontario Provincial Police did not provide firm numbers on the ransomware incidents but say

News InsuranceRiskTechnology

Desjardins Group part of new Canadian cybersecurity collective

September 12, 2018 by Jason Contant

MONTREAL – Security-minded consumers will soon have access to a free app designed to protect their data from cybersecurity threats. The digital app, called Protection, is designed to help users detect security breaches and scamming attempts in their emails, texts

News InsuranceLegislation / RegulationTechnology

How to limit autonomous vehicle liability disputes

September 11, 2018 by Jason Contant

Legislation on autonomous vehicles needs to be ironed out well in advance of these vehicles becoming mainstream to prevent insurance payout disputes before an injured party receives compensation, an insurance lawyer said recently. Jonathan Grnak, an insurance lawyer with Danson

News InsuranceLegislation / RegulationRiskTechnology

Where Canada should look for regulation on autonomous vehicles

September 10, 2018 by Jason Contant

Canadian provinces seeking guidance on addressing liability issues of autonomous vehicles could look to the United Kingdom as an example, an insurance lawyer told Canadian Underwriter Friday. The UK has a bill in the reading stages that, if passed, would

News InsuranceTechnology

How Guidewire is changing its approach to the market

September 10, 2018 by Greg Meckbach

Guidewire Software Inc. is “not interested” in building a services organization and is touting its new analytics and data services group to insurance buyers. The new analytics and data services group – formed after the acquisition in 2017 of modelling

News InsuranceMarkets / CoveragesTechnology

Where Canada ranks worldwide in cyber breaches

September 7, 2018 by Jason Contant

The importance of obtaining cyber insurance has again hit home, following the release of a report that found by mid-2018, Canada was the country with the third most cyber incidents in the world and ninth most exposed records. Last month,

News AssociationsBrokersInsuranceTechnology

Will consumers soon be able to access policy documents electronically?

September 6, 2018 by Jason Contant

How close is the industry to consistently allowing consumers to access insurance documents electronically, such as by email? “It’s a bit of a hodge podge out there at the moment,” Colin Simpson, CEO of the Insurance Brokers Association of Ontario

News InsuranceTechnology

How to avoid the “broken arrow” approach to new technology

August 29, 2018 by David Gambrill

If you’re an insurance organization looking to adopt innovative new technology such as artificial intelligence, you’ll want to avoid the “broken arrow” approach to implementation. In some instances, organizations may put the cart before the horse, with IT departments developing