Topic
Technology
InsurTechTO, November 6, 2017
November 6, 2017 by Canadian UnderwriterTry to distill all of the lessons and insights imparted by speakers at the inaugural InsurTechTO conference into a single prescription, and you might get this: Technological change is everywhere in the insurance industry, and you’d better do way, way…
Cybercriminals capitalizing on blockchain popularity to create fraud schemes: Kaspersky
November 6, 2017 by Canadian UnderwriterCybercriminals are capitalizing on the popularity of blockchain technology by circulating cryptocurrency-themed fraud schemes, according to cybersecurity company Kaspersky Lab’s Spam and Phishing in Q3 2017 report. “While cryptocurrency holders search for new investment opportunities and bitcoin enthusiasts look to…
Standardizing Codes
November 6, 2017 Catherine Smola, president and chief executive officer, Centre for Study of Insurance OperationsInsurance brokerage databases for customer insurance policies rely on computer codes to identify elements endorsements, discounts and coverages. But when different insurance companies use different codes for the same element, it can require more work from brokers wanting to analyze the data.
Data Crunching
November 3, 2017 Jeffrey Baer, Manager of Advanced Analytics, Economical InsuranceBrokerages of all sizes can gain insight using data analytics if they collect accurate data on clients and operations and leverage government and public information sources.
Employees, employers faced with increasingly sophisticated ransomware attacks often opt to pay
November 2, 2017 by Canadian UnderwriterThe current approach to ransomware education is not sticking, with employees and employees alike opting to pay ransoms in record numbers because they do not have a firm grasp of what should be done when attacked, notes new research out…
Canadian P&C brokerages prefer Facebook to communicate: Economical survey
November 1, 2017 by Canadian UnderwriterCanadian P&C insurance brokerages prefer Facebook to communicate with customers and prospects, according to 90% of respondents to a social media survey conducted this summer and released on Wednesday by Economical Insurance. The 2017 Pulse Check: Social Media Usage in…
Saskatchewan taxi association urges consultation before adoption of ridesharing in the province
October 26, 2017 by Canadian UnderwriterThe Saskatchewan Taxi Cab Association (STCA) is calling on the province to “conduct real consultation” before allowing transportation network companies (TNCs) like Uber to operate in the province. In its Speech from the Throne on Wednesday, the provincial government said…
Creating ‘the most engaging product’ is a better way to compete: IBAO speaker
October 26, 2017 Greg Meckbach, Associate EditorAdvances in telecommunications, data storage, software and artificial intelligence is making it more difficult to use cost and distribution as a competitive advantage, Google Canada’s head of marketing suggested to Ontario insurance brokers Wednesday in Ottawa. Netflix and Instagram were…
JLT Canada, Certisync look to overhaul tenant insurance processes, maximize portfolio insurance strategies.
October 25, 2017 by Canadian UnderwriterJardine Lloyd Thompson Canada Inc. and Certisync International have teamed up as part of a joint venture to help property managers and administrators in Canada and revolutionize how the industry regulates tenant insurance processes. Aimed at giving property managers greater…
CFC launches revamped proposition for tech companies worldwide
October 24, 2017 by Canadian UnderwriterLondon-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology…
Beazley reports nine-fold rise in data breaches due to social engineering in first three quarters of 2017
October 24, 2017 by Canadian UnderwriterSpecialist insurer Beazley has reported a nine-fold increase in data breaches due to social engineering in the first to third quarters of this year. In the first three quarters of 2016, attacks involving social engineering – a form of attack…
Burns & Wilcox Canada, Node International enter exclusive agreement for cyber liability insurance
October 24, 2017 by Canadian UnderwriterBurns & Wilcox Canada has entered into an exclusive agreement with Node International to distribute comprehensive cyber liability insurance, a move the former characterizes as “fusing cyber security tactics and insurance like never before.” The agreement means the managing general…