Canadian Underwriter

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Fraud vigilance increasing among polled Canadians: Equifax Canada

February 28, 2017 by Canadian Underwriter

Surveyed Canadians are becoming more vigilant about guarding against fraud, with the lion’s share of respondents taking measures to protect their personal information and three in 10 seeking help to ensure they are alerted should a fraud be under way.

News Insurance

Aviva Canada and DMZ launch Insurtech accelerator program, applications sought

February 28, 2017 by Canadian Underwriter

Aviva Canada and the DMZ at Ryerson University are looking to answer the rise of Insuretech in the country’s insurance industry with the joint launch of an accelerator program for Canadian start-ups requiring rapid development. “The future of our economy

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Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year

February 22, 2017 by Canadian Underwriter

New survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian

News CatastrophesClimate ChangeInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Cyber attack remains top business continuity concern, preparedness for all threats urged: Horizon Scan Report

February 21, 2017 by Canadian Underwriter

Cyber attack, data breach and unplanned IT and telecom outages are the greatest concerns among business continuity professionals, concludes the sixth annual Horizon Scan Report, released Tuesday. The top three concerns remain unchanged from the last report carried out by

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Most Canadian IT professionals report some security solutions “outdated and inadequate”: study

February 14, 2017 by Canadian Underwriter

Most IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study

News InsuranceLegalMergers and AqcuisitionsTechnology

Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News InsuranceLegalMergers and Aqcuisitions

Beazley launches entertainment, media liability coverages in Canada

February 13, 2017 by Canadian Underwriter

United Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Commonwell Mutual Insurance Group offers new flood policy endorsement for Ontario homeowners

February 13, 2017 by Canadian Underwriter

Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Failure to make supply chains Brexit-ready could cut key industries’ net profits an average of 30%

February 7, 2017 by Canadian Underwriter

U.K. companies waiting for a clearer sense of the future under Brexit is a risky supply chain strategy that could result in net profits across key industries plummeting an average of 30%, suggests a new study released Tuesday by Bain

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Terrorism insurance gaps demand rethinking focus on property: C4 2017 speaker

February 2, 2017 by Angela Stelmakowich

Terrorism insurance programs need a reset to ensure clients are appropriately covered in light of the continuing shift from attacks on property to attacks on people designed to produce mass casualties, Scott Bolton, the U.K.-based director of business development and

News Climate ChangeConstructionEarnings / RatingsMergers and AqcuisitionsTechnology

Weather risk accounts for an estimated US$56 billion in untapped wind energy asset values globally: GCube

January 31, 2017 by Canadian Underwriter

Resource underperformance has surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects, GCube Underwriting Ltd. notes in a report estimating the untapped asset values of wind energy stakeholders around the world at US$56

News InsuranceMarkets / CoveragesProfessional Development

Claims industry improving on creation of succession plans, but planning should be for all industry positions: Cook

January 30, 2017 Jason Contant, Online Editor

The claims industry is doing a much better job of developing leaders and creating succession plans than it has in the past, Phil Cook, CEO of Omega Insurance Holdings Inc., said during the CICMA/CIAA Ontario Chapters’ 50th Annual Joint Conference