Keyword
database
Standardizing Codes
November 6, 2017 Catherine Smola, president and chief executive officer, Centre for Study of Insurance OperationsInsurance brokerage databases for customer insurance policies rely on computer codes to identify elements endorsements, discounts and coverages. But when different insurance companies use different codes for the same element, it can require more work from brokers wanting to analyze the data.
Data Crunching
November 3, 2017 Jeffrey Baer, Manager of Advanced Analytics, Economical InsuranceBrokerages of all sizes can gain insight using data analytics if they collect accurate data on clients and operations and leverage government and public information sources.
Gains, losses in efforts to combat cyber crime in 2016: Trustwave
June 20, 2017 by Canadian UnderwriterThe fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in…
Welcoming Host
February 1, 2017 Satya Sarangi, President and Chief Executive Officer, TmaxSoft CanadaMainframes have proved essential over the decades for insurers needing to run core applications. But are these once-reliable units becoming a hindrance to innovation? Is modernization of mainframes essential for the global insurance industry?
AIR Worldwide expands terrorism model for 28 countries, including Canada
September 12, 2016 by Canadian UnderwriterCatastrophe risk modelling firm AIR Worldwide announced on Monday that it has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other select countries, including Canada, to help companies assess the…
British Columbia invests in emergency management and fire service resources database
May 12, 2016 by Canadian UnderwriterThe province of British Columbia has announced nearly $300,000 in funding to help the province’s capacity and capabilities to mitigate and manage emergencies. B.C.’s Ministry of Transportation and Infrastructure said in a press release on Thursday that the one-time funding…
Heart of the Brokerage
April 1, 2016 Renée Durepos, Senior Vice President, Keal TechnologyBeyond brokers themselves, good and accurate data is the lifeblood of brokerages today. Data is vital to meeting customer needs both today and in the future, meaning that when a broker management system conversion is needed, protecting and maintaining the integrity of that information is essential.