Canadian Underwriter

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IBM

Feature Technology

Connected Consumers

November 8, 2017 Greg Meckbach, Associate Editor; and Angela Stelmakowich, Editor

Insurtechs may present a threat to established insurance providers, but an Executive Forum speaker contends that young people should be in the market for a trusted advisor

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AIG, IBM and Standard Chartered Bank pilot “first multinational insurance policy powered by blockchain”

June 15, 2017 by Canadian Underwriter

American International Group Inc. (AIG), IBM and Standard Chartered Bank plc announced on Thursday that they have successfully piloted what they are calling the “first multinational ‘smart contract’ based insurance policy using blockchain.” Working together, AIG, IBM and international banking

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Global business leaders cite regulatory risks, disruptive influences and cyber risks as key challenges

June 14, 2017 by Canadian Underwriter

Companies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new

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IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers

March 21, 2017 by Canadian Underwriter

IBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it

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IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat

February 13, 2017 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – A year after IBM began teaching its Watson computer system to fight cybercrime, the company is making the platform available for use. “Now he gets a job and makes us some money,” quipped Caleb Barlow, vice-president of IBM

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Canadian Institute for Cybersecurity opens at the University of New Brunswick

January 16, 2017 by Canadian Underwriter

The University of New Brunswick (UNB) announced on Monday that the Canadian Institute for Cybersecurity (CIC) – an “innovative hub for research, training and industry collaboration” – opened at the university on Monday. With more than $4.5 million in funding

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Two-thirds of global organizations not prepared to recover from cyberattacks: IBM and Ponemon Institute study

November 18, 2016 by Canadian Underwriter

Two-thirds (66%) of respondents to a study conducted by the Ponemon Institute have reported that their organization is not prepared to recover from cyberattacks. Resilient, an IBM Company and sponsor of the report, and the Ponemon Institute, revealed the results

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IBM and Majesco form five-year partnership to accelerate new global insurance services

October 3, 2016 by Canadian Underwriter

Technology company IBM announced on Monday a five-year partnership with Majesco – a global provider of core insurance software, consulting and services for insurance business transformation – to jointly offer a new cognitive, cloud-based platform to help insurance carriers worldwide

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Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report

June 16, 2016 by Canadian Underwriter

Detection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average

Feature InsuranceMergers and AqcuisitionsTechnology

App Flap

June 1, 2016 Greg Meckbach, Associate Editor

Mobile application developers can do plenty to reduce the security risk of their apps. That said, information security also depends on the devices themselves, which, unfortunately, are not always within the control of insurers or their developers.

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The Weather Company predicts 14 named storms for the 2016 tropical season

April 30, 2016 by Canadian Underwriter

The Weather Company, an IBM Business, has issued their first tropical forecast for the 2016 season, which includes a total of 14 named storms. Of those named storms, eight will be hurricanes and three will be major hurricanes, The Weather