Keyword
risk management
82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP
January 18, 2017 by Canadian UnderwriterSecurity operations centres (SOCs) south of the border are falling below target maturity levels, leaving 82% of reviewed organizations vulnerable to cyber security attacks, Hewlett Packard Enterprise (HPE) concludes in a new white paper issued Tuesday. The finding is worrisome…
TT Club offers advice on packaging, securing coiled materials in containers
January 17, 2017 by Canadian UnderwriterSpecialist freight transport insurer TT Club has issued specific guidance on packing and securing coiled materials in containers in a bid to prevent the costly and potentially injurious consequences of improperly secured coils. Investigations into incidents along the international supply…
SGS Canada Inc., Canadian Food and Wine Institute partner to enhance food and beverage safety, risk reduction
January 16, 2017 by Canadian UnderwriterSGS Canada Inc. and the Canadian Food & Wine Institute (CFWI) at Niagara College have partnered on a new offering that will target risk reduction and provide students the tools needed to demonstrate true risk-based diligence. The Food Safety Program…
Canada’s energy, utilities sectors should beef up climate change competency: report
January 13, 2017 by Canadian UnderwriterCompanies in Canada’s most carbon-intensive sectors are not demonstrating “climate competency” in the boardroom and should be doing so to address climate change issues, suggests a report this week by Shareholder Association for Research & Education (SHARE). “Investors are increasingly…
CMW Insurance Services, Capri Insurance Services merger positions new company for growth
January 10, 2017 by Canadian UnderwriterThe merger of CMW Insurance Services Ltd. and Capri Insurance Services Ltd. creates one of the largest independent, employee-owned insurance brokerages and risk management firms in Western Canada, the companies reported Monday. Effective Jan. 1, 2017, “the merger leverages the…
Complexity, speed of change of emerging risk exposures placing greater attention on effectiveness of ERM strategies, new report says
January 9, 2017 by Canadian UnderwriterThe complexity and speed of change of emerging risk exposures are placing greater attention on the effectiveness of enterprise risk management (ERM) strategies across all industry sectors, according to a newly released report. The report, titled Communicating the Value of…
New transaction laundering detection service released by Trustwave
January 9, 2017 by Canadian UnderwriterTrustwave has expanded its suite of merchant risk management services with the release of a transaction laundering detection (TLD) service designed to helping with monitoring and managing associated risk. The product is designed for acquiring banks, payment processors, payment gateways…
Increased cyber espionage, data integrity attacks part of global threat landscape in 2017: Stroz Friedberg
January 5, 2017 by Canadian UnderwriterTop cyber threats in the coming year include nation state cyber espionage, a rise in data integrity attacks and more attacks harnessing Internet of Things (IoT) devices, Stroz Friedberg, an Aon company, notes in its 2017 Cybersecurity Predictions report. “We…
2016 costliest 12 months for natural catastrophes in the last four years: Munich Re
January 4, 2017 by Canadian UnderwriterThe US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday…
Record new Cat bond, ILS issuance in 2016 spurs highest-ever outstanding market size: Artemis.bm
January 3, 2017 by Canadian UnderwriterCatastrophe bonds and similarly structured insurance-linked securities (ILS) deals in 2016 propelled the market to record levels, with the approximately US$7 billion in new issuance resulting in an outstanding market size of US$26.82 billion at year-end, notes the latest edition…
Evolving technology expected to introduce new cyber threats, broadened attacks: Trend Micro
December 7, 2016 by Canadian UnderwriterThe coming year is expected to witness evolving technology that introduces new cyber threats and attacks that broaden and differentiate to penetrate new vulnerable surfaces, suggests a report issued Wednesday by Trend Micro Incorporated. The expectation is 2017 “will include…
IBC’s top 10 stolen vehicles list for 2016 shows 6% increase in auto theft over 2015
December 6, 2016 by Canadian UnderwriterThe road to improving auto theft numbers has taken a negative turn for the second year in a row, increasing 6% nationally in 2016 over 2015, Insurance Bureau of Canada (IBC) reports in its newly released Top 10 Most Frequently…