Canadian Underwriter

Topic Education

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Sedgwick and subsidiary Vericlaim expand operations in Canadian market

June 1, 2016 by Canadian Underwriter

Sedgwick Claims Management Services, Inc. and its subsidiary Vericlaim announced on Wednesday that they will expand their services available in the Canadian market. In addition to Sedgwick’s existing third-party administration (TPA) operations, the companies will offer high-quality claims administration and

News Education

Insurance Brokers Association of Ontario searching for new CEO after departure of Jim Murphy

June 1, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario’s (IBAO) executive committee announced on Wednesday that Jim Murphy has moved on from his role as CEO of IBAO, effective immediately. “This is an important time for IBAO,” Michael Brattman, IBAO chair, said in

News Education

Nominations for Dale Rempel Award of Excellence now open

May 31, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and

News EducationMergers and Aqcuisitions

Intact Insurance creates national team to grow commercial specialty solutions

May 30, 2016 by Canadian Underwriter

Intact Insurance announced on Monday that it has created a new national team dedicated to growing its commercial lines specialty solutions business, which will “accelerate its plans to become the Canadian leader in specialty lines and surety.” To support this

News EducationLegal

Single regulatory approach not the same as one-size-fits-all, CIFF speaker emphasizes

May 30, 2016 by Jason Contant, Online Editor

A single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt

News EducationLegalMergers and Aqcuisitions

Corporate investigations on the rise, study suggests

May 24, 2016 by Canadian Underwriter

Corporate investigations are on the rise, with over a quarter (27%) of businesses saying they have experienced a claim or investigation involving a director of their company in the past year, up from one in five in 2014. That was

News EducationLegalMergers and AqcuisitionsTechnology

Global media and telecom executives rank data protection fines and penalties as top risk to their industries: Willis Towers Watson

May 24, 2016 by Canadian Underwriter

Global media and telecommunication executives both ranked regulatory fines and penalties arising from data protection breaches as the primary risk facing their respective industries, according to new research released on Tuesday by global advisory, broking and solutions company Willis Towers

News EducationLegalMergers and AqcuisitionsTechnology

LinkedIn confirms 2012 hack exposed 117M user passwords

May 20, 2016 by The Associated Press

NEW YORK – LinkedIn said Wednesday that a 2012 breach resulted in more than 100 million of its users’ passwords being compromised – vastly more than previously thought. The business social network said that it believes to be true a

News EducationMergers and AqcuisitionsTechnology

North American organizations experiencing slow shift to public cloud: Softchoice study

May 20, 2016 by Canadian Underwriter

Transitioning to public cloud is a slow-moving process for most businesses, according to a new study by Softchoice, a North American IT solutions and managed services provider. Released on Tuesday, the study, titled The State of Cloud Readiness: Transformation and

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Government’s response to 2015 OPM data breach hasn’t improved U.S. federal agencies’ security: study

May 19, 2016 by Canadian Underwriter

More than half of polled federal cyber executives in the United States said they don’t agree that the government’s response to last summer’s massive Office of Personnel Management (OPM) data breach has improved their agency’s security. The State of Cybersecurity

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Insurance websites not keeping pace with changing customer expectations: J.D. Power

May 19, 2016 by Canadian Underwriter

Insurer websites are not keeping up with customer expectations, with just over half (55%) of those polled saying they “definitely will” return to the site for their servicing needs, according to the J.D. Power 2016 Insurance Digital Evaluation Study, released

News EducationTechnology

Big data and analytics, cloud computing, mobility solutions and tech start-up firms driving U.S. insurance IT spending market

May 19, 2016 by Canadian Underwriter

Big data and analytics, cloud computing, mobility solutions and tech start-up firms are among the emerging trends driving the insurance IT spending market in the United States, according to global technology research and advisory company Technavio. Technavio’s report on the