Canadian Underwriter

Topic Cyber

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How Aon and Willis are progressing on proposed merger

August 4, 2020 by Greg Meckbach

The acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with

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Recent hacking attempts include posing as insurance company

July 23, 2020 by Adam Malik

Insurers and financial service providers have come under unrelenting cyberattack this year, with some cybercriminals even posing as an insurance company in an attempt to infect a user’s system, according to a new report. Financial services and insurance providers experienced

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Two ways your clients are most likely to get hacked during COVID-19

July 17, 2020 by Adam Malik

Cybercriminals are showing much better success with phishing and social engineering attacks while everyone is working from home during the COVID-19 pandemic, says a recent report. In fact, in a highly-publicized incident just days ago, Twitter confirmed it was the

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Why e-sports could be insurance’s next big opportunity

July 14, 2020 by Adam Malik

Opportunities for insurance in the e-sports space has grown to a point where it can’t be ignored, says an industry observer. Video gaming is at an all-time high during the COVID-19 pandemic, according to information collected by data and measurement

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More than half of Canadians have experienced a cyber crime: new policy group

July 10, 2020 by THE CANADIAN PRESS

TORONTO – A new policy group estimates more than half of all Canadians know they’ve been a victim or target of a cyber crime, such as a leak of personal information, an account hack or installation of malware. The report

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Brokers urged to stay on top of coverage changes as businesses re-open

June 22, 2020 by David Gambrill

Brokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of

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How the lack of cyber caselaw worked against an insurer in a $75-million data breach lawsuit

June 9, 2020 by David Gambrill

The lack of cyber case law worked against an insurer in the Ontario Superior Court of Justice recently, with the court deciding that The Co-operators has a duty to defend two parties named in a $75-million cyber breach class action

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Cybersecurity an afterthought for businesses during the pandemic, study suggests

June 5, 2020 by Adam Malik

Cybersecurity has become an afterthought for commercial clients amid the coronavirus pandemic, with companies not implementing enough safeguards for employees working from home, a new report warns. Not only are few companies providing employees with company devices so that they

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These types of businesses are in serious need of a cyber policy

May 28, 2020 by David Gambrill

With ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved

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What smaller brokerages need to sell cyber to SMEs

May 21, 2020 by David Gambrill

Smaller brokerages need improved tools to sell cyber insurance to small and mid-sized enterprises (SMEs), a cyber insurer told Canadian Underwriter recently. The industry is currently working to provide those tools, which may include a scaled version of the third-party

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Opinion: How to sell cyber insurance digitally

May 20, 2020 by Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.

We’re operating in a much more digital world than just a few months ago. As companies of all sizes scramble to make their operations work outside their physical buildings, the threat of cyberattacks increases. Small business clients intuitively understand the

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Cyber risks involved with digital contact tracing

May 19, 2020 by Adam Malik

Health officials are recommending time-honoured techniques to help reduce the spread of the novel coronavirus. Today’s technology can make these methods more effective than they’ve ever been, a researcher argued recently, but that means people would have to sacrifice one