Topic Technology
Disruption in financial services demands executives are able to identify imminent threats, opportunities
June 7, 2016 by Canadian UnderwriterChief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new…
60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner
June 6, 2016 by Canadian UnderwriterSixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.…
Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis
June 6, 2016 by Angela StelmakowichThe sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last…
Automated vehicle technology likely to eventually be mandatory: seminar speaker
June 3, 2016 by Angela StelmakowichLife-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re,…
Chubb adds cyberbullying coverage for Canadian homeowners customers
June 2, 2016 by Canadian UnderwriterChubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal…
Free tools to help ransomware victims retrieve files
June 2, 2016 by Canadian UnderwriterTrend Micro International has announced the availability of free tools that the company reports will help users and organizations fight back against the dangers posed by ransomware. “The risks and impact of ransomware threats to end-users, small and medium-sized businesses,…
Cyberattacks against critical infrastructure, manufacturers likely to target industrial control systems to manipulate operations: AGCS
June 1, 2016 by Canadian UnderwriterRather than stealing data, cyberattacks against critical infrastructure and manufacturers are more likely to target industrial control systems (ICS) to manipulate or shut down operations, Allianz Global Corporate & Specialty (AGCS) said on Wednesday. As energy, transportation or telecommunication companies,…
8 automakers recall over 12M vehicles for Takata air bags
May 27, 2016 by Tom Krisher - THE ASSOCIATED PRESSDETROIT – Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. Documents detailing recalls by Honda, Fiat Chrysler, Toyota, Mazda, Nissan, Subaru, Ferrari and Mitsubishi were posted Friday by…
Alberta, Ontario premiers announce MOU on cleantech initiatives
May 27, 2016 by Canadian UnderwriterThe Premiers of Alberta and Ontario announced on Thursday a new Memorandum of Understanding (MOU) to accelerate the development of cleantech initiatives. Alberta Premier Rachel Notley and Ontario Premier Kathleen Wynne met in Edmonton on Thursday to discuss new opportunities…
Cyber security awareness training critical for businesses, data breaches changing online behaviours
May 27, 2016 by Canadian UnderwriterEmployees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical…
Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker
May 25, 2016 by Greg Meckbach, Associate EditorThe rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five…
Internet fragmentation among top emerging risks for the reinsurance industry, society: Swiss Re
May 25, 2016 by Canadian UnderwriterInternet fragmentation is among the top three emerging risks – of the 21 detailed in Swiss Re’s latest SONAR report released Wednesday – with the highest potential impact on the reinsurance industry and society. “Firewalls, special software to filter out…