Canadian Underwriter

Topic Technology

News Technology

These clients are especially disadvantaged by COVID-19 precautions

March 20, 2020 by Greg Meckbach

Smart phones and high-speed Internet makes it easier to do business when offices are closed and staff are working from home, but what about the client who doesn’t have the latest and greatest technology gadgets? Some clients, especially some elderly

News ClaimsClaims Canada ArchiveCyberEmerging RisksRisk ManagersTechnology

How cybercriminals are targetting employees working from home

March 19, 2020 by David Paddon - THE CANADIAN PRESS

TORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least

News Business InterruptionClaims Canada ArchiveHRRisk ManagersTechnology

One business interruption risk from COVID-19 that your clients may overlook

March 11, 2020 by Greg Meckbach

Will your business get interrupted because people working from home due to COVID-19 cannot log into their computer systems? “If you are asking staff to work from home, make sure that the technology systems to enable them to do that can

News CyberRisk ManagersTechnology

Canadian military equipment vulnerable to cyberattacks, officials say

March 6, 2020 by Lee Berthiaume - THE CANADIAN PRESS

OTTAWA – Canada and the United States are working together to make their high-tech military equipment less hackable, top defence officials said in Ottawa Thursday, but they have a lot of work to do. Speaking to the Ottawa Conference on

News Technology

What happens when insurance, technology and healthcare collide?

March 5, 2020 by Jason Contant

The convergence of healthcare and technology could have a knock-on effect for the Canadian property and casualty insurance industry, a specialty insurer said recently. “For healthcare providers, they can largely model what the risks have been for the last 100

News CyberTechnology

How high-tech venture capital funding leads to better cyber insurance pricing

March 4, 2020 by Greg Meckbach

Recent advances in cybersecurity, driven in part by a spike in venture capital funding, are helping insurers price cyber more accurately, an insurance industry consultant suggests. “There is a huge advancement around the use of artificial intelligence and advanced analytics

News BrokersMergers and AqcuisitionsTechnology

Selling your brokerage? What your potential buyers are looking for

March 4, 2020 by Jason Contant

Brokers who can best balance online distribution with personal advice will reap the benefits in the current merger and acquisition (M&A) environment, a brokerage M&A expert noted recently. “In Canada, brokers have generally been successful in defending against pure direct

News Technology

What are Canadian insurtechs doing with their new venture capital funding?

March 3, 2020 by Greg Meckbach

A sharp rise in venture capital funding to Canadian fintechs has spawned investments in technology intended to improve property and casualty claims management, the insurance leader with PwC Canada suggests. “There has been a broad-stroke move to have significantly more

News BrokersCommercialLegalTechnology

How to negotiate the nuanced world of email fraud coverage

March 3, 2020 by Jason Contant

Your commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our

News BrokersCommercialCyberTechnology

How easy is it for brokers to get terms in the cyber market?

February 27, 2020 by Jason Contant

Capacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more

News Technology

Why Amazon and Google aren’t eating your lunch in Canada

February 27, 2020 by David Gambrill

While the hardening market has taken a significant bite out of the industry’s profits, it may also be insulating brokers and insurers from competing against giant tech disruptors such as Amazon and Google for insurance sales, says a former financial

News CommercialTechnology

Car sharing firm leaves Canada with valuable data in changing market: expert

February 27, 2020 by Brenna Owen - THE CANADIAN PRESS

VANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose