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Internet

News InsuranceTechnology

Are brokers affected by an urban-rural connectivity gap?

April 24, 2020 by Greg Meckbach

Rural clients should be able to access the Internet at high enough speeds for brokers to offer them digital services, says one Alberta broker. “I would say there is no issue,” said Rob Barros, chief technology officer and chief communications

News Technology

This $40 product could solve some work-from-home bandwidth problems

April 7, 2020 by Greg Meckbach

Brokerages who are running into computer or telephone problems because they sent workers home during the pandemic could get useful tips from major technology vendors. For example, Extreme Networks Inc. advises its own workers not to rely on their WiFi

News Technology

Why home Internet service can pose a problem for brokers during COVID-19

April 3, 2020 by Greg Meckbach

If your brokerage sent its employees home to work on the assumption that all they need is a broadband Internet connection, things might not go as smoothly as planned. Most residential Internet service plans are “asymmetrical,” meaning the speed at

News Legislation / RegulationTechnology

How fear of ‘jackbooted brownshirts’ complicates cyber risk management

May 11, 2018 by Greg Meckbach

Managing the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative

Feature Technology

How Tech Will Change What You Do

March 11, 2018 David Gambrill, Editor-in-Chief

Improved data technologies will soon transform the insurance model, changing you from an insurance professional who underwrites and sells policies into a holistic risk advisor.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Artificial intelligence saw record high investments in Canada in past five years: report

July 26, 2017 by Canadian Underwriter

Artificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and

News CatastrophesInsuranceTechnology

Criminal data breaches forecast to cost global business $8 trillion in next five years: Juniper

May 30, 2017 by Canadian Underwriter

Higher levels of Internet connectivity and inadequate enterprise-wide security are expected to pave the way for criminal data breaches costing businesses around the world about $8 trillion over the next five years, suggests U.K.-based Juniper Research. Research released Tuesday indicates

News CatastrophesInsuranceMergers and AqcuisitionsProductsReinsuranceTechnology

RMS releases new class of cyber-physical risk modelling for property insurers

April 6, 2017 by Canadian Underwriter

RMS has expanded its range of cyber models to include a new class of so-called cyber-physical models in a bid to answer the increasing related risk of insurance losses from hackers targeting control systems linked to the Internet. These cyber-physical

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Almost 40% of industrial computers worldwide faced a cyberattack in the second half of 2016: Kaspersky

March 29, 2017 by Canadian Underwriter

Two in five computers around the globe related to the technological infrastructure of industrial enterprises faced cyberattacks in the second half of 2016, according to cybersecurity company Kaspersky Lab. Research from Kaspersky released on Tuesday showed that the percentage of

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Increase in smart home devices adds new hacking risks: HSB cyber survey

January 25, 2017 by Canadian Underwriter

Eight out of ten consumers in the United States have a home data network and more than one-third connect entertainment systems, gaming consoles and other smart devices to the Internet, increasing the risk of home cyberattacks, according to a new

Feature Claims CanadaInsurance

Recent High Profile Cyber Breaches

January 20, 2017 by

Casino Rama, Ashley Madison and Yahoo are among the organizations recently hit by cyber breaches

News CatastrophesInsuranceTechnology

Internet fragmentation among top emerging risks for the reinsurance industry, society: Swiss Re

May 25, 2016 by Canadian Underwriter

Internet fragmentation is among the top three emerging risks – of the 21 detailed in Swiss Re’s latest SONAR report released Wednesday – with the highest potential impact on the reinsurance industry and society. “Firewalls, special software to filter out