Canadian Underwriter

Topic Technology

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How carriers could save brokers from ‘drowning in friction’

February 23, 2021 by Greg Meckbach

If your brokerage is bogged down dealing with the new ways your carrier partners are doing business, you aren’t alone. As insurance companies improve their products, introduce paperless initiatives, and upgrade from legacy systems, their broker partners often need to

News CyberEmerging RisksLiabilityTechnology

Audit finds ‘no formal tracking’ of IT security incidents at Public Safety Canada

February 17, 2021 by Jim Bronskill - THE CANADIAN PRESS

OTTAWA – An internal review has uncovered weak security practices when it comes to information technology at Public Safety Canada – from lax controls on the use of portable flash drives to inadequate awareness and training. The review found employees

News BrokersClaimsCommercialInsurersTechnologyTrending

Covering influencers: Don’t forget to like and subscribe…and insure

February 11, 2021 by Adam Malik

Brokers looking for growth opportunities should pay closer attention to the social media influencer market, an expert in the field recommends. It’s a multi-billion-dollar industry and has only continued its rapid rise during the pandemic, according to Meghan Argier, media

News BrokersOperationsTechnology

Videoconferencing brokers setting sales records during pandemic

February 11, 2021 by David Gambrill

Videoconferencing brokers shattered sales records in top-tier brokerages across the country during the pandemic, senior brokerage executives reported in a recent Canadian Underwriter webinar. The results suggest virtual sales are at least as effective — if not sometimes more effective

News ClaimsClaims Canada ArchiveCommercialCyberEmerging RisksLoss ControlLoss TrendsTechnology

What the P&C industry is telling Wall Street about cyber risk

February 9, 2021 by Greg Meckbach

Commercial insurers are taking a good look at their exposure to widespread cyber events and some are forming partnerships with tech vendors in the hopes of improving their clients’ cyber risk management. “The next pandemic – the exposure that looks

News B.C.CyberEmerging RisksLiabilityTechnology

B.C. health authority’s cybersecurity lacking on medical devices, says audit

February 9, 2021 by Jason Contant

VICTORIA – British Columbia’s auditor general says the Provincial Health Services Authority is not effectively managing cybersecurity threats for medical devices and has not evaluated the risk to patients. Michael Pickup says ineffective cybersecurity management means the authority can’t apply

News Technology

Accenture appoints lead for advancing cloud technology in Canada

February 5, 2021 by David Gambrill

To help Canadian organizations accelerate their digital transformations and rapidly become ‘cloud-first’ organizations, Accenture has appointed Jennifer Jackson as Cloud First Lead for Canada. “Jennifer plays a vital role as head of our technology practice in Canada,” Jeffrey Russell, president

News Commercial AutoInsurersPersonal AutoTechnology

Something new to tell drivers to help stop distracted driving

February 4, 2021 by Adam Malik

Messaging around distracted driving hasn’t worked, so it’s time to come up with a new strategy to reduce driving risk, a panellist on a recent webinar suggested. Instead of saying how bad it is to be distracted, insurers and governments

News CommercialCyberMergers and AqcuisitionsTechnology

Sontiq announces agreement to acquire CyberScout

February 2, 2021 by Jason Contant

High-tech security and identity protection company Sontiq announced Tuesday it had signed a definitive agreement to acquire CyberScout, a major provider of cyber products and services tailored to the insurance industry. “Through Sontiq’s comprehensive product portfolio, major insurance carriers, mutual

News BrokersClaimsCommercialCyberInsurersLoss ControlOperationsTechnology

Cyber’s hard market separating insurer wheat from chaff

January 29, 2021 by Adam Malik

The global COVID-19 pandemic has distinguished between cyber insurers who are serious about offering coverage, and those who were just hoping to ride the gravy train while times were profitable, according to one industry analyst. Cyberattacks have skyrocketed, in part

News ClaimsCommercial AutoInsurersPersonal AutoTechnology

P&C industry needs better data about distracted driving

January 28, 2021 by Adam Malik

There’s a fairly significant gap between what government agencies have to say about distracted driving and what data companies are able to capture, and that is playing a role in the ineffective portrayal and messaging around the seriousness of people

News Claims Canada ArchiveInsurersLoss TrendsOntarioPersonal AutoTechnology

Telematics: Who’s jumping into the pool and who’s watching from the deck

January 28, 2021 by Greg Meckbach

Auto insurers are taking a variety of approaches to telematics: Some are observing from the sidelines, while others report growing interest from consumers. The Travelers Companies Inc. introduced IntelliDrive in Canada last week, as Michael Klein, president of personal insurance