Topic Technology
Brokers’ challenges presenting opportunities: new IBAC president
October 1, 2016 by Jason Contant, Online EditorThe issues facing the broker channel – such as the regulatory environment and technology – are collective, but the channel is strong together, Robert Harrison, new president of the Insurance Brokers Association of Canada (IBAC), said during the association’s annual…
Organizations starting to show greater openness to enlisting experts to help with cyber security: NICC speaker
October 1, 2016 by Angela Stelmakowich, EditorVANCOUVER – Cyber attackers are becoming increasingly sophisticated – employing better techniques and targeting information that could prove particularly damaging – but that may be balanced by a greater openness to use expertise and not go it alone, it was…
Aon cyber coverage to include business interruption resulting from network failure
September 28, 2016 by Canadian UnderwriterAon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging…
50 Canadian brokerages score 100% on tech scorecard: CSIO
September 28, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations announced Tuesday it has identified 50 brokerages from across Canada as CSIO technology leaders. “These brokerages have been deemed top performers because they achieved a score of 100% on their CSIO technology scorecard…
Focus on behaviours of Generation Z to digitally engage consumers, Kanetix conference hears
September 28, 2016 by Jason Contant, Online EditorAlthough insurers have often looked at the purchasing actions of Millenials, they would do best to start examining the behaviours of the following generation – Generation Z – to digitally engage their customers, attendees to the Kanetix Insights 2.0 conference…
B.C. earthquake warning technology ShakeAlarm goes global
September 28, 2016 by Canadian UnderwriterTwo Canadian companies have entered into a global preferred service provider agreement that will bring “affordable and reliable” British Columbia-developed earthquake early warning system (EEWS) technology to countries with high seismic risk that currently do not have proven systems in…
Network attacks hit a third of executive mobile devices in second quarter of 2016: Skycure
September 27, 2016 by Canadian UnderwriterJust shy of a third of executive mobile devices were exposed to network attack during the second quarter of 2016 and almost as high a percentage were infected with malware, leaving valuable, sensitive data vulnerable to cyber criminals, notes a…
Password breach could have ripple effects well beyond Yahoo
September 27, 2016 by Raphael Satter - THE ASSOCIATED PRESSLONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While…
52% of American transportation firms surveyed worry about distracted driving: Travelers
September 26, 2016 by Canadian UnderwriterMore than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday.…
FM Global creates dedicated cyber risk engineering, underwriting units
September 26, 2016 by Canadian UnderwriterFM Global is looking to bolster its expertise in first-party cyber solutions for the benefit of its mutual policyholders with its move to form integrated engineering and underwriting units dedicated to doing just that. The move seeks to address the…
Yahoo hack steals personal info from at least 500 million accounts
September 23, 2016 by Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed Thursday poses new headaches for Yahoo…
Understanding potential disruptions to risk analysis, cost basis and distribution key to insurers’ strategies: Novarica
September 22, 2016 by Canadian UnderwriterInsurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a…