Keyword
risk management
Employees, employers faced with increasingly sophisticated ransomware attacks often opt to pay
November 2, 2017 by Canadian UnderwriterThe current approach to ransomware education is not sticking, with employees and employees alike opting to pay ransoms in record numbers because they do not have a firm grasp of what should be done when attacked, notes new research out…
Hurricane recent events, history illustrate need to beef up preparedness: AGCS
October 27, 2017 by Angela StelmakowichThe preparedness of U.S. businesses is still wanting despite lessons learned from Hurricane Sandy and the high hurricane activity, devastation and losses so far this Atlantic hurricane season, suggests Allianz Global Corporate & Specialty (AGCS). “In light of lessons learned…
JLT Canada, Certisync look to overhaul tenant insurance processes, maximize portfolio insurance strategies.
October 25, 2017 by Canadian UnderwriterJardine Lloyd Thompson Canada Inc. and Certisync International have teamed up as part of a joint venture to help property managers and administrators in Canada and revolutionize how the industry regulates tenant insurance processes. Aimed at giving property managers greater…
CFC launches revamped proposition for tech companies worldwide
October 24, 2017 by Canadian UnderwriterLondon-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology…
Burns & Wilcox Canada, Node International enter exclusive agreement for cyber liability insurance
October 24, 2017 by Canadian UnderwriterBurns & Wilcox Canada has entered into an exclusive agreement with Node International to distribute comprehensive cyber liability insurance, a move the former characterizes as “fusing cyber security tactics and insurance like never before.” The agreement means the managing general…
Guidewire’s planned acquisition of Cyence to help p&c clients deal with 21st-century risks
October 10, 2017 by Canadian UnderwriterGuidewire Software, Inc.’s planned acquisition of Cyence Inc. will ensure Guidewire clients can access a cloud-based data listening and risk analytics solution to help them manage emerging risks for which long claims histories may not be available. California-based Guidewire Software,…
Endeavour launches cyber facility, cyber protection becoming key to risk management
October 10, 2017 by Canadian UnderwriterEndeavour Insurance Services is looking to facilitate easier management of risks in the small-medium enterprise (SME) cyber space – while also supporting MGAs, brokers and clients in the U.S. and Canada – with the launch of a new technology and…
Utilities cautioned to act now to strengthen their cyber security defences: Accenture
October 5, 2017 by Canadian UnderwriterUnprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests…
Aviva Canada beefs up identity theft offering to protect customers
October 3, 2017 by Canadian UnderwriterAviva Canada is marking the beginning of Cyber Security Awareness Month (October) with the announcement that it is introducing enhancements to its identity theft coverage at no additional cost to existing customers. The coverage features widespread financial protection if a…
Cyber attacks among polled U.S. business costing at least US$5,000
October 2, 2017 by Canadian UnderwriterSeven in 10 of the surveyed U.S. businesses that experienced a cyber attack in the last year spent in excess of US$5,000 to investigate each incident, restore or replace software and hardware, and address any other consequences. However, 38% of…
Willis Re supports B3i blockchain insurance industry initiative
October 2, 2017 by Canadian UnderwriterWillis Re is supporting the B3i initiative – the global blockchain effort launched last fall – by becoming a member and taking part in its prototype market testing phase. The announcement follows the successful launch of a working market testing…
Time to fine-tune residential flood cover, consider high-risk areas: Enders
September 29, 2017 by Angela StelmakowichFlood-related cover for residential policyholders is far advanced from what it was when the devastating floods hit southern Alberta in 2013, but it is now time to refine those offerings and address outstanding issues, says Gord Enders, president of Direct-Line…