Topic
Technology
Mandatory breach requirements effective November 1. Here’s what to do.
April 11, 2018 by Jason ContantWith mandatory breach notification requirements coming into effect on November 1, Canadian businesses will need to focus on two factors to prepare: 1) a risk assessment, and 2) determining the decision makers in the company and a breach response plan.…
Cybercriminals are infiltrating software vendors, launching supply chain attacks
April 11, 2018 by Jason ContantCybercriminals are moving into the terrain of supply chain attacks, masquerading as signed apps, and using ransomware as a distraction to steal money from the network. Each of these are “interesting new areas” that cybercriminals may exploit in the future,…
Nova Scotia freedom of information website hacked
April 11, 2018 The Canadian PressHalifax police have arrested a suspect after the Nova Scotia government’s freedom-of-information disclosure web portal was breached. The government said Wednesday about 7,000 documents were inappropriately accessed between March 3 and March 5. Its admission came nearly a week after…
How blockchain will put pressure on broker commissions in 3-5 years
April 10, 2018 by David GambrillBlockchain is going to put pressure on broker commissions and fundamentally change the way the broker channel does business over the next three to five years, says a past Marsh Canada national executive and management committee member. Blockchain will reduce…
MPI reveals estimated insurance costs of distracted drivers
April 10, 2018 by Jason ContantThe direct insurance costs associated with distracted driving in Manitoba are estimated to be at least $70 million per year, the province’s government auto insurer reported recently. Manitoba Public Insurance (MPI) spokesperson Brian Smiley told Canadian Underwriter that direct insurance costs…
New data translator to put brokers on same level as directs
April 9, 2018 by Jason ContantApplied Systems’ new “translation services” will provide broker data distribution as effectively as direct distribution and enable the broker channel to better compete, the software provider said Friday. Jeff Purdy, senior vice president of international operations with Applied, talked to…
Up in the Air
April 8, 2018 Sean Tindale, Lawyer, Partner, Hughes Amys LLPYour client’s liability for negligent drone use is a gray area. Here’s what insurers should consider when assessing the civil liability of drone operators.
BMS integration key priority for Wawanesa’s new Canadian P&C president
April 7, 2018 by Jason ContantBroker management system (BMS) integration with the back-end systems of Wawanesa Mutual Insurance Company is a top priority for the company’s new president of Canadian P&C operations. Carol Jardine told Canadian Underwriter that a lot of the groundwork has been…
Localized alerts for life-threatening emergencies now active on Canadians’ phones
April 7, 2018 The Canadian PressStarting today, Canadians won’t have to be near a television or radio to receive emergency alerts. Life-threatening emergencies will now be broadcast on compatible mobile phones. As of today, the National Public Alerting System – commonly called Alert Ready –…
How to render stolen online data useless to hackers
April 5, 2018 by Jason ContantPassive or behavioural biometrics may be a way for your client or company to render useless the information lost in a data breach. This technology monitors the user’s inherent behaviour, “making it impossible for hackers to replicate or steal,” says…
Applied launches “translation services” to improve broker-insurer connectivity
April 4, 2018 by Jason ContantApplied Systems announced Wednesday the launch of its insurer “translation services,” allowing Canadian insurers to translate and distribute policy-related data directly into [broker] management systems. The translation services provide the connectivity technology required to easily move data between insurer and…
Why re-using online passwords is so dangerous
April 4, 2018 by Jason ContantBrokers should be advising their clients that the re-use of passwords across multiple websites and accounts could be a disaster waiting to happen, a cybersecurity specialist told Canadian Underwriter Wednesday. Lisa Baergen, marketing director of Vancouver-based NuData Security, a Mastercard Company,…