Topic Technology
Can we predict where cyber claims might emerge?
July 4, 2023 by Philip PoradoData culled from external scanning systems and other tech tools can help insurers improve underwriting by showing where cyber claims might emerge. But only if the companies develop methods for making proper use of that data, said a recent Gallagher…
How automation is helping brokerages onboard new talent
June 30, 2023 by Jason ContantOnboarding new insurance employees remains a major pain point for brokerages, but digital technology is making that process easier, attendees to a recent Canadian Underwriter webinar heard. Automation can help brokerages with marketing, business growth, sales transactions, and to connect…
Who’s at fault when AI’s driving a cargo ship?
June 29, 2023 by Philip PoradoIt’s 2035 and a maritime court has convened to determine who’s at fault when a seagoing vessel made an error in passage planning – a safety exercise that maps a voyage from start to finish, including harbour navigation and docking.…
Home-sharing app specifically for insurance to go national
June 28, 2023 by David GambrillTens of thousands of Canadians have been forced to evacuate because of an active wildfire season, and a new home-sharing digital platform dedicated to insurance is expanding nationally to help adjusters find temporary accommodations for insureds whose homes have been…
Suncor cyberattack likely to cost company millions of dollars, expert says
June 28, 2023 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – The systems breach at Suncor Energy Inc. will likely cost the company millions of dollars before it is able to resolve the issue, according to a cybersecurity expert. Jon Ferguson, general manager of cybersecurity at the Canadian Internet…
Suncor Energy suffers cybersecurity incident
June 26, 2023 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – Canadian oil company Suncor Energy Inc. has confirmed it has been the victim of a cyberattack. The Calgary-based energy giant said in a news release late Sunday that it has “experienced a cyber-security incident.” Suncor provided no further…
Insurer requests no change in overall auto rates
June 19, 2023 by Jason ContantDespite cost overruns related to a new digital platform, Manitoba’s public auto insurer is requesting no change in the overall rates for the 2024/25 insurance year. If the province’s Public Utilities Board approves Manitoba Public Insurance’s (MPI) general rate application,…
How broker tech can reduce E&O exposure
June 16, 2023 by Alyssa Di SabatinoA growing wave of retirements means Canada’s property and casualty (P&C) insurance brokerages are losing the knowledge and experience of many of its senior leaders. “Many brokerages run into issues because they don’t have a system for knowledge transfer, which…
How carriers get real-time info on property (and other) risk exposures
June 15, 2023 by Jason ContantCarriers in the small business space are increasingly turning to technology to understand exposure changes and help insureds manage their own risk, an expert said recently. By relying on things like sensor technology, carriers can get real-time information on changes…
Nova Scotia identifies thousands more victims of data hack
June 15, 2023 by Marlo Glass - THE CANADIAN PRESSHALIFAX – Nova Scotia Cybersecurity Minister Colton LeBlanc says his department has identified thousands more people affected by a recent global data breach, and this week it is beginning the process of notifying the “most vulnerable” victims of the hack.…
Nova Scotia identifies thousands of stolen records in global security breach
June 12, 2023 by Keith Doucette - THE CANADIAN PRESSHALIFAX – Officials in Nova Scotia have identified thousands of files stolen in a global data breach affecting the personal information of at least 100,000 people in the province. Cybersecurity and Digital Solutions Minister Colton LeBlanc said Friday that a…
How the cyber line should source its talent
June 8, 2023 by Alyssa DiSabatinoWhen recruiting for talent to sell cyber insurance, widening the expectations around job experience may be one place to start, suggested experts at a Gallagher Re Industry Event in Toronto. “The space is changing so quickly that 15- or 20-years’…