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Cybercriminals using DDoS as “smokescreen” for other attacks on businesses: Kaspersky

November 25, 2016 by Canadian Underwriter

Cybercriminals are sometimes using distributed denial of service (DDoS) attacks as a “smokescreen” to distract businesses while hackers launch other attacks, cybersecurity company Kaspersky Lab said in a recently released survey. According to the 2016 Kaspersky Lab Corporate IT Security

News EducationMergers and AqcuisitionsTechnology

Deep learning, autonomy will accelerate birth of new US$1 trillion autonomous mobility services market by 2030: KPMG

November 25, 2016 by Canadian Underwriter

A new “mobility services market” tied to products and services related to autonomy, mobility and connectivity will be worth well over US$1 trillion globally by 2030, according to a new report from KPMG. Deep learning – an advanced form of

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Aviva Canada’s 24-hour Broker Hackathon results in small business online quoting and binding solution

November 25, 2016 by Canadian Underwriter

Aviva Canada’s recent Broker Hackathon has chosen its People’s Choice and Winner from a total of 61 submissions: Commercial Catalyst, a “simple, quick and easy way for brokers and customers to quote and bind small commercial business” and a responsive

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Staying the same not a sustainable approach to attracting young professionals to insurance

November 23, 2016 by Angela Stelmakowich

The traditional insurance world must change with the times – reflecting shifting demographics and fostering diversity – if it is to build on the progress made with regard to attracting more young professionals to the field. “The traditional (insurance) world

News Education

Insurance Institute of Canada presents awards to Silvy Wright and Ted Teterenko

November 23, 2016 by Canadian Underwriter

The Insurance Institute of Canada (IIC) has awarded Silvy Wright, president and CEO of Northbridge Financial Corporation, an Honorary Chartered Insurance Professional (HCIP) designation and presented IIC volunteer Ted Teterenko with an Award of Merit. In awarding Wright (pictured right)

News EducationMergers and AqcuisitionsTechnology

Blockchain technology a source of both disruption and opportunity for insurers: Novarica

November 21, 2016 by Canadian Underwriter

Blockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have

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Alberta ministry contacting clients after personal information “unaccountable” for 24 hours

November 21, 2016 by Canadian Underwriter

Alberta Human Services (AHS) said on Friday that it is contacting 86 Alberta Supports clients whose personal information was unaccountable for a 24-hour period. AHS said in a press release on Friday that as part of service delivery training for

News EducationLegalMergers and AqcuisitionsTechnology

Two-thirds of global organizations not prepared to recover from cyberattacks: IBM and Ponemon Institute study

November 18, 2016 by Canadian Underwriter

Two-thirds (66%) of respondents to a study conducted by the Ponemon Institute have reported that their organization is not prepared to recover from cyberattacks. Resilient, an IBM Company and sponsor of the report, and the Ponemon Institute, revealed the results

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Capgemini launches global fintech initiative

November 17, 2016 by Canadian Underwriter

Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in

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U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG

November 17, 2016 by Canadian Underwriter

Merger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents

News EducationTechnology

Advanced analytics and other emerging technologies revolutionizing public sector agencies: Accenture

November 16, 2016 by Canadian Underwriter

Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new

News EducationInsurers

Canadian insurers ‘in a tough time for investments,’ A.M. Best analysts warn

November 15, 2016 by Greg Meckbach, Associate Editor

Mergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent