Canadian Underwriter

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Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium

April 22, 2016 Jason Contant, Online Editor

With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice

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Half of CEOs worldwide expect substantial digital transformation, Gartner survey finds

April 21, 2016 by Canadian Underwriter

Half of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year

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Vast majority of tested applications have at least one vulnerability: cyber security report

April 20, 2016 by Canadian Underwriter

Cyber criminals are increasingly making use of malware-as-a-service, an issue of concern given that 97% of applications tested by Trustwave in 2015 had at least one vulnerability, note findings from the 2016 Trustwave Global Security Report. While the lion’s share

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Quebec financial services regulator urges caution over peer-to-peer risk sharing platforms

April 20, 2016 by Canadian Underwriter

Quebec’s financial services regulator is urging caution following the “recent emergence of peer-to-peer risk sharing platforms.” The Autorité des marchés financiers (AMF) said in a press release on Tuesday that it has noticed that companies are offering consumers platforms where

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Drone collision with jet highlights growing aviation danger

April 18, 2016 Jill Lawless - THE ASSOCIATED PRESS

LONDON – A collision between a British Airways passenger jet and a drone over London has left the plane undamaged but the aviation industry deeply shaken. British police and air accident authorities were investigating Sunday’s incident, in which an Airbus

News AssociationsInsuranceMergers and AqcuisitionsTechnology

Two-thirds of polled Canadians do not trust self-driving vehicles, but think there are benefits in the future: CAA

April 18, 2016 by Canadian Underwriter

Canadians are wary of driverless cars, with nearly two-thirds saying they would not trust a vehicle to drive itself while they are in it, according to new research released on Monday by the Canadian Automobile Association (CAA). CAA said that

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GM to recall over 1 million pickups, most in U.S. and Canada, to fix seat belts

April 18, 2016 The Associated Press

DETROIT – General Motors is recalling more than a million Chevrolet Silverado and GMC Sierra pickup trucks worldwide because the seat belts may not hold the driver in a crash. Most of the trucks were sold in the U.S. and

News AssociationsInsuranceMergers and AqcuisitionsTechnology

Customers ‘highly highly irritated’ if websites too slow: CSIO speaker

April 15, 2016 Greg Meckbach, Associate Editor

Insurance providers with a mobile web presence need to ensure their pages load quickly, a Google Inc. executive suggested Thursday to industry professionals in Toronto during the Centre for Study of Insurance Operations (CSIO) annual members’ meeting. “Google is optimizing

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North American workers exhibit risky cloud behavior, study finds

April 14, 2016 by Canadian Underwriter

Enterprise cloud adoption has matured in recent years, but employees using cloud apps continue to display “reckless technology habits” that put their employers at risk, according to a study released on Wednesday by a North American IT solutions and managed

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Air bag danger: US counts 85M unrecalled Takata inflators

April 14, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – About 85 million Takata air bag inflators that haven’t been recalled are inside cars and trucks now being driven in the U.S. and would have to be replaced if the company can’t prove they are safe, the government

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Researchers: Newer type of ransomware is harbinger of danger

April 13, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON – An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers

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Cloud technology challenging the notion of what a corporate network is: RIMS speaker

April 13, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said