Keyword
information technology
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?
Worldwide IT spending forecast to grow 2.7% in 2017: Gartner
January 13, 2017 by Canadian UnderwriterWorldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth…
Shared Services Canada launches consultations on plan to modernize federal IT services
September 20, 2016 by Canadian UnderwriterThe Government of Canada announced on Tuesday that it is launching consultations on “modernizing the digital services it provides to Canadians through secure and reliable information technology.” Judy M. Foote, the Minister of Public Services and Procurement, announced in a…
Business of Security
July 3, 2016 Angela Stelmakowich, EditorCyber crime is a major disruption to business, with Deloitte Canada reporting only one in five respondents say they are prepared to effectively respond to a cyber attack.
App Flap
June 1, 2016 Greg Meckbach, Associate EditorMobile 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.
Things to Consider
April 1, 2016 Brian Rosenbaum, Senior Vice President, Financial Services Group,and National Director, Legal and Research Practice, Aon Reed Stenhouse Inc.The Internet of Things brings with it both risks and rewards. But given the exclusions and wording issues in a number of policies, coupled with the paucity of judicial analysis, policyholders should not assume that coverage is available in the event of an IoT-related loss.
Tech Threat
March 1, 2016 Greg Meckbach, Associate EditorRansomware and malware disguised as advertising tools for web browsers are just some of the computer security threats that can trigger losses. Experts advise organizations, especially those with sensitive data, to educate their non-technical staff on defending against threats from cyberspace.
Aggregation Aggravation
March 1, 2016 Greg MeckbachWhile risk managers for large manufacturers tend to be aware of the vulnerability of their supply chains to major incidents affecting business partners, the same cannot necessarily be said for risk professionals at small to mid-sized organizations. Some experts warn the latter may not be aware of the full impact that aggregation of risk, including relating to cyber and critical infrastructure, can have.