Canadian Underwriter

Topic Technology

News Risk ManagersTechnology

Watchdogs to probe use of facial recognition technology

February 25, 2020 by The Canadian Press

OTTAWA – The federal privacy watchdog and three of his provincial counterparts will jointly investigate Canadian use of facial-recognition technology supplied by U.S. firm Clearview AI. Privacy commissioner Daniel Therrien says he will be joined in the probe by ombudsmen

News Risk ManagersTechnology

Cyber criminals using coronavirus-themed emails to deliver malware

February 10, 2020 by The Canadian Press

TORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick

News Risk ManagersTechnology

Why near-misses may hold the key to improved road safety

February 6, 2020 by Jason Contant

A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to

News Technology

These electronic devices might not be designed with cyber security in mind

February 4, 2020 by Greg Meckbach

Ransomware and privacy breaches may be among the top cyber threats on your radar, but are you aware of all of the connected manufacturing and other industrial control systems that may be at risk, a commercial insurer warns. “These production

News BrokersMergers and AqcuisitionsTechnology

Aon acquires Canadian-based cyber security firm

February 4, 2020 by Jason Contant

Aon plc has announced the acquisition of Cytelligence, a Canadian-based cyber security firm with deep expertise in cyber incident response and digital forensic investigations. London, UK-based Aon said Tuesday the acquisition will help the brokerage expand its current coverages within

Feature EditorialOpinionTechnology

Time to regulate insurtechs

February 4, 2020 by David Gambrill, Editor in Chief

A short time ago, insurers feared insurtechs would disrupt the property and casualty industry.

News EducationTechnology

The latest in P&C professional development training: How to be innovative

February 3, 2020 by Jason Contant

Canadian insurance professionals want to learn how to be innovative, and they are enlisting the help of a Canadian-based open innovation centre to explore the new frontier of design thinking. “Design thinking revolves around a deep interest in developing an

News Risk ManagersTechnology

Could a politician’s tweet void your cyber coverage?

January 31, 2020 by Greg Meckbach

If you are placing commercial cyber coverage, pay attention to what the various insurers’ policies say about war and terrorism, a commercial broker advises. “I would not say it’s an obscure little corner of your insurance policy,” Tom Srail, executive

News Risk ManagersTechnology

Is the ‘awesome time’ for cyber clients coming to an end?

January 30, 2020 by Greg Meckbach

Risk managers accustomed to a buyer’s market for commercial cyber insurance might discover soon the party is over. “We are starting to see rates harden,” Lindsey Nelson, U.K. and International Cyber Team Leader for CFC Underwriting, said Thursday. She was

News Technology

You’re insuring the cars. Why not sell or lease them, too?

January 29, 2020 by Jason Contant

Here’s a crazy thought: What if customers bought or leased vehicles directly from an insurer instead of going to an auto dealership? Insurers are exploring such a scenario right now, Sven Roehl, co-founder of Cookhouse Labs in Toronto, told Canadian

News LegalRisk ManagersTechnology

Ride-hailing in Vancouver area detours to courts

January 29, 2020 by The Canadian Press

Ride-hailing is common in many major Canadian cities, but the long-awaited arrival of Uber and Lyft in Metro Vancouver last week has produced lawsuits and a vow by Surrey’s mayor to keep the companies’ drivers off the streets. Premier John

News LegalTechnology

Why this strata’s bylaws on Airbnb were deemed unenforceable

January 28, 2020 by Jason Contant

If you own a strata lot in Vancouver, can you use your unit for short-term accommodation through Airbnb? Yes, if your strata bylaws support short-term rentals in your building, according to Airbnb. But in two recent cases before the province’s