Keyword
Risk
Use of technology could help to enhance compliance efforts: KPMG LLP report
March 14, 2017 by Canadian UnderwriterThe majority of chief compliance officers (CCO) in the United States taking part in a KPMG LLP survey are struggling to integrate and automate compliance activities across their organizations. Six in 10 polled CCOs report “their company’s technology infrastructure has…
Home Fire Sprinkler Coalition launches Canadian website
March 14, 2017 by Canadian UnderwriterA new website from the non-profit Home Fire Sprinkler Coalition (HFSC) – HomeFireSprinklerCanada.ca – seeks to help increase interest in the life-saving benefits of installed home fire sprinklers in new construction homes. In partnership with and funding from the Co-operators…
Desjardins Insurance offers new flood coverage for low-, medium-risk areas
March 14, 2017 by Canadian UnderwriterCustomers of Desjardins Insurance, The Personal and State Farm Canada who live in low-risk flood areas will now automatically be covered by a new flood endorsement while those in medium-risk areas can choose to purchase an additional premium. Endorsement 16d…
Ironshore Specialty Casualty construction cover now addresses M&A transition exposures
March 10, 2017 by Canadian UnderwriterBermuda-based Ironshore Specialty Casualty has enhanced its Transition Protection policy form to address contractual exposures associated with an organizational merger or acquisition (M&A) specific to the construction industry. Construction companies typically have contractual requirements to obtain insurance coverage for work…
Incumbent insurers should rethink businesses, embrace opportunity in digital technology: McKinsey & Company
March 9, 2017 by Canadian UnderwriterThe insurance industry is not impregnable and companies would be well-advised to reinvent themselves by incorporating digital technology and allowing it to become a catalyst, suggests a new report issued Thursday by McKinsey & Company. Some executives “know that staying…
Need for organizations to fill culture gap when it comes to cyber risk: ICRMC speaker
March 3, 2017 by Angela StelmakowichOrganizations and their boards must treat cyber risk as an enterprise-wide issue to help foster a culture in which every person and every department understands it has a role to play in making the organization as cyber-secure as possible, corporate…
Companies can come to grips with cyber risk, government back-stop may be needed for certain risks: Swiss Re
March 1, 2017 by Canadian UnderwriterConcern about cyber resilience is on the rise – as are the potential costs associated with attacks – but insurers and companies should understand steps can be taken to manage the risk, suggests the latest sigma report from Swiss Re…
Fraud vigilance increasing among polled Canadians: Equifax Canada
February 28, 2017 by Canadian UnderwriterSurveyed 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.…
Aviva Canada and DMZ launch Insurtech accelerator program, applications sought
February 28, 2017 by Canadian UnderwriterAviva 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…
Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year
February 22, 2017 by Canadian UnderwriterNew 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…
Cyber attack remains top business continuity concern, preparedness for all threats urged: Horizon Scan Report
February 21, 2017 by Canadian UnderwriterCyber 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…
Most Canadian IT professionals report some security solutions “outdated and inadequate”: study
February 14, 2017 by Canadian UnderwriterMost 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…