Canadian Underwriter

Keyword
Data

News InsuranceTechnology

One collateral benefit of IFRS 17

November 14, 2019 by Jason Contant

Insurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial intelligence, speakers said Wednesday at an industry event. The rich dataset collected from

News ClaimsInsuranceTechnology

Ransomware: should your client pay the demand?

September 11, 2019 by Jason Contant

If your client suffers a ransomware attack, should they pay the ransom to get their systems up and running again? And if they do pay, does that guarantee the cyber criminals who locked down the systems in the first place

News InsuranceProductsTechnology

One way to minimize double entry of data

June 19, 2019 by Jason Contant

One question often on the minds of brokers is how do they better digitize their processes and minimize the amount of data they have to enter into various systems. “Our position is that data should be created in a digital

News InsuranceTechnology

How AI can connect the dots between your systems

April 26, 2019 by Jason Contant

Artificial intelligence (AI) should be used to “connect the dots” between different data silos and decisions made within an insurance company, Charles Dugas, head of insurance at Element AI, said last week. The goal is to develop a system that

News BrokersInsurance

Why brokers need to take ownership of data

April 11, 2019 by Jason Contant

Brokers need to take ownership of the data they collect to personalize and improve the customer experience, a speaker suggested Tuesday at the CIP Symposium in downtown Toronto. “For the brokers in the room, how does your client feel if

News InsuranceTechnology

How innovation changes the underwriter’s job

March 6, 2019 by Greg Meckbach

Technology and data will change the underwriter’s job but will not eliminate it, suggests Russell Johnston, chief executive officer for North America of QBE Insurance Group Limited. “At the end of the day, people still make the decisions,” Johnston said

News InsuranceTechnology

Canadian P&C industry enters “hybrid cloud” phase

July 24, 2018 by David Gambrill

Canadian P&C insurance companies have entered a transitional technology phase that will see data from their legacy systems get transferred online. “We are in a hybrid-cloud paradigm,” Frank Attaie, vice president of cloud and software at IBM Canada, told Canadian

News Legislation / Regulation

Data-harvesting firms are exploiting gaps in Canadian law, MPs hear

May 10, 2018 The Canadian Press

OTTAWA – Lawmakers delving into the Facebook data scandal are hearing experts call for substantial regulatory upgrades to protect the privacy of Canadians – as well as warn of democratic and economic risks posed by foreign companies motivated by “surveillance

News InsuranceTechnology

How to render stolen online data useless to hackers

April 5, 2018 by Jason Contant

Passive or behavioural biometrics may be a way for your client or company to render useless the information lost in a data breach. This technology monitors the user’s inherent behaviour, “making it impossible for hackers to replicate or steal,” says

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

You’ve got your clients’ data locked down, but can you prove it to a regulator?

March 28, 2018 by David Gambrill

Insurance organizations may be good at protecting their own clients’ data, but can they prove it? “In general, I would say that insurers are good at securing their data,” French Caldwell, a former advisor to the White House on cybersecurity,

News InsuranceMarkets / CoveragesTechnology

Are you leveraging IoT data?

March 23, 2018 by Jason Contant

Insurers may recognize the importance of collecting and mining data, but a recent U.S. study shows few currently have an IoT strategy, are collecting IoT data, or have dedicated resources. LexisNexis Risk Solutions released a white paper Tuesday entitled, Are

News InsuranceMarkets / CoveragesTechnology

What customers will soon expect from insurance carriers

February 26, 2018 by Jason Contant

Insurance customers are going to start expecting personalized products and services based on data, Andrew Lo, president and CEO of Kanetix Ltd., said during a webinar Thursday. “Our customers are going to expect smart personalization like, ‘Give me the products