Canadian Underwriter

Topic Technology

News LegalTechnology

Ridesharing insurance takes centre stage as Uber, Lyft approved in B.C.’s Lower Mainland

January 24, 2020 by Jason Contant

VICTORIA – Vancouver is poised to join most major cities in Canada in offering ride-hailing services with the long-awaited approval Thursday of licences for companies Uber and Lyft to operate in British Columbia’s Lower Mainland and Whistler. The independent Passenger

News Technology

How insurers will make their cyber products better in the future

January 23, 2020 by Jason Contant

Cyber insurers need to get a firmer handle on cyber claims response to be able to add value to their policies, a specialist insurer said recently. James Burns, cyber product leader with London, U.K.-based CFC Underwriting, said that the industry

News Risk ManagersTechnology

How blockchain could prevent future data breaches

January 23, 2020 by Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead of Blockchain@UBC, University of British Columbia - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead

News Technology

What brokers should consider when looking at insurtech offerings

January 22, 2020 by Greg Meckbach

Brokers looking for a relatively cheap way of upping their game online should check some of the hundreds of insurtechs on the market, but it’s important to know what those insurtechs do and do not provide. If you are a

News Technology

The status of ‘silent cyber’ in the insurance industry

January 20, 2020 by Jason Contant

Silent cyber has long been a thorn in the side of some insurers, and it doesn’t look like the issue will be resolved any time soon. Part of the issue is that the cyber market doesn’t exist to cater to

News Risk ManagersTechnology

Google CEO calls for regulation of artificial intelligence

January 20, 2020 by Kelvin Chan - THE ASSOCIATED PRESS

LONDON – Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits

News MGAsTechnology

An MGA can land in “big trouble” if it fails to do this

January 17, 2020 by Greg Meckbach

Technology could make it easier to start up new managing general agents – which is good news for some and bad news for others, panelists suggested during a recent webinar. “If you [as an MGA] are sitting there thinking, ‘Oh

News CommercialTechnology

Why you should be prepared to accept PayPal

January 13, 2020 by Greg Meckbach

As society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on

News Technology

Sonnet launches group insurance offering

December 26, 2019 by Jason Contant

Online insurer Sonnet Insurance has launched a group insurance offering, already signing on Deloitte to offer a group home and auto discount to its employees across Canada in the near future. “As Sonnet considered various approaches to scaling a profitable

News Risk ManagersTechnology

Top 6 risks facing Canadian businesses in 2020

December 20, 2019 by Jason Contant

The risk landscape for Canadian businesses continues to evolve rapidly, but that doesn’t mean companies have to be caught unprepared. These evolving risks include everything from technology and cybersecurity to shifting regulatory considerations, reputational risk, employee liability, data and privacy

News Technology

How insurtech is bringing policyholders inside the black box of insurance

December 18, 2019 by Jason Contant

Insurtech is beginning to bring policyholders inside the “black box” of insurance to understand how their decisions are influencing their own costs, said a new report on the macro themes redefining the industry. Insurtech has increased access to real-time data

News Risk ManagersTechnology

LifeLabs says data of up to 15 million customers compromised in cyberattack

December 18, 2019 by Ross Marowits and David Paddon - THE CANADIAN PRESS

TORONTO – Government privacy commissioners are investigating a data breach at LifeLabs, one of Canada’s largest medical services companies, after hackers gained access to the personal information of up to 15 million customers. Most of its customers are in B.C.