Topic
Technology
Policy Works and Surety Source partner on integrated point-of-sale surety product solution
October 20, 2017 by Steve PierowayToronto, Oct. 20, 2017 /insPRESS/ – Policy Works Inc., Canada’s leading provider of commercial lines solutions, and Surety Source, a surety MGA that provides surety products to insurance brokerages across Canada and beyond, are pleased to announce the release of…
Montreal-based insurtech startup Covera raises $1.5 million
October 19, 2017 by Canadian UnderwriterCovera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel…
Apathy towards device security key cyber risk: Kaspersky
October 19, 2017 by Canadian UnderwriterA reliance on mobile devices and apathy towards device security have been highlighted as key cybersecurity impact areas in Kaspersky Lab’s latest Kaspersky Cybersecurity Index. The index, an aggregate of indicators reflecting changes in online behavior, found that in the…
Known risks and new technology such as Hyperloop can pose challenges: Munich Re
October 18, 2017 Jason Contant, Online EditorThe combination of known risks with a new technology is challenging, Christian Höft, client manager with Munich Re, told Canadian Underwriter one day after the (re)insurer released a comprehensive risk analysis of the Hyperloop technology. Hyperloop Transportation Technologies’ (HTT) technology…
The Co-operators releases privacy breach product for Canadian businesses
October 18, 2017 by Canadian UnderwriterThe Co-operators General Insurance Company announced on Wednesday a new product that provides insurance coverage and risk management solutions for Canadian businesses to help protect them from the “rapidly growing threat of privacy breach.” The coverage complements commercial insurance policies…
Aite Group introduces vendor evaluation framework, p&c insurance transforming
October 18, 2017 by Angela StelmakowichAite Group has introduced a proprietary vendor evaluation framework that the global research and advisory firm reports will serve as an actionable guide for market participants looking for viable third-party vendor solutions and services. “I think the biggest problem for…
New high-speed transportation technology Hyperloop both “feasible and insurable”: Munich Re
October 17, 2017 by Canadian UnderwriterHyperloop technology – a form of transport in which passengers and goods travel in capsules at high speeds – is both “feasible and insurable in the medium term,” according to a new report from Munich Re. The Hyperloop Transportation Technologies…
B.C. government hires industry expert to help prepare taxi industry for ridesharing
October 17, 2017 by Canadian UnderwriterThe government of British Columbia announced on Monday that it has hired an industry expert to consult with and help prepare the taxi industry for a “made-in-B.C.” solution to ridesharing. Transportation and Infrastructure Minister Claire Trevena said in a press…
Plane suffered minor damage after hitting drone near Quebec City
October 17, 2017 The Canadian Press (CPSTF)QUEBEC – A collision between a commercial aircraft and a drone near Quebec City’s airport last week highlights the potential danger posed by unmanned aerial vehicles, authorities and aircraft experts said Sunday. Transport Minister Marc Garneau said he was “extremely…
Garneau talks self-driving cars with Tesla execs, and makes Canadian pitch
October 16, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – Under the California sun, Marc Garneau pressed a button to let a car take him for a spin as part of a joy ride that was more business than pleasure. While much attention this week went to Prime…
Mitchell International launches AI-enabled claim review solution for North American P&C industry
October 16, 2017 by Canadian UnderwriterMitchell International has announced the launch of an artificial intelligence-enabled claim review solution for the North American P&C industry. San Diego-based Mitchell International, a provider of technology, connectivity and information solutions to the P&C claims and collision repair industries, launched…
Totten selects Policy Works to issue commercial policies
October 16, 2017 by Steve PierowayPolicy Works Inc. is excited to announce that Totten Insurance Group (Totten) has selected Policy Works as its commercial policy production system. “Our operational effectiveness is a key component of our strategic success. In this competitive market, we need to…