Topic Technology
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’…
How a shared-risk approach to tech can keep mutual insurers competitive
June 5, 2023 by Matthew ScottCanada’s mutual insurance industry has been around for as long as the country itself and has innovated over that time. Now it’s driving digital transformation to enable new capabilities, improve service and keep pace with market competition. These changes come…
Why there’s growth opportunity in cyber if insurers play their cards right
June 2, 2023 by Alyssa DiSabatinoAs incidents of cyberattacks become more prevalent globally, the demand for cyber insurance continues to grow rapidly — much faster than most other lines. For insurers, this provides an opportunity to meet growing consumer demand by increasingly offering cyber…
Feds developing cybersecurity process for defence contractors
June 1, 2023 by Sarah Ritchie - THE CANADIAN PRESSOTTAWA – The federal government says certain defence contracts will be subject to a mandatory cybersecurity certification process starting in the winter of 2024. Defence Minister Anita Anand made the announcement Wednesday morning at the Canadian Association of Defence and…
Sonnet teams with digital bank to offer group insurance
May 30, 2023 by David GambrillSonnet Insurance has teamed up with the digital bank Tangerine to offer customized digital home and auto insurance exclusively for Tangerine clients. “This relationship speaks to the needs of our like-minded customers who value digital-first experiences that are trusted, straightforward,…
‘Foreseeable’ cyberattack on N.L. health network hit majority of province: report
May 29, 2023 by The Canadian PressST. JOHN’S, N.L. – A new report says the cyberattack that temporarily knocked down Newfoundland and Labrador’s health-care IT systems in October 2021 was foreseeable and almost inevitable. The 115-page report from the office of the province’s privacy commissioner concludes…
Sales Column: How automation keeps brokers in front of clients
May 29, 2023 by Adam MitchellI had the privilege of interviewing Carol Jardine on a podcast at the end of her final day before retiring as Wawanesa’s president of Canadian P&C operations. What stood out for me is how our conversation illustrated the difference between…
Why SUVs are more dangerous to cyclists than cars
May 17, 2023 by Jason ContantSUVs cause more severe injuries — particularly head injuries — than cars when they hit bicyclists, likely because the large vehicles’ tall front ends strike cyclists higher on their bodies, new research has found. “SUVs tend to knock riders down, where…