Keyword
technology
Investments to fight cyber breaches must include technology, people and risk transfer: WTW cyber head
April 24, 2017 Angela StelmakowichPHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of…
Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey
April 24, 2017 by Angela StelmakowichPHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in…
Intact Ventures becomes strategic investor in Canadian IoT technology company Alert Labs
April 20, 2017 by Canadian UnderwriterIntact Ventures has made its first investment in Canada Alert Labs Inc., an Ontario provider of easy-to-install technology that offers residential and commercial property owners real-time water use, flood, leak, temperature and power alerts. Not only do the alerts generated…
Innovative technologies clustered on expectations side, most types of technology two to 10 years away: CIAA event speaker
April 19, 2017 by Angela StelmakowichThe influence of technology will be more clearly felt in the next 10 or 15 years as opposed to the next few years, Duncan Stewart, director of technology, media and telecommunications research for Deloitte Canada, suggested during a Canadian Insurance…
Carriers should more fully explore potential in episodic insurance, CIAA event hears
April 17, 2017 by Angela StelmakowichInsurance carriers need to more seriously consider the potential that exists in episodic insurance and how such an approach could alter offerings, Mukul Ahuja, leader of insurance strategy and innovation at Deloitte Canada, suggested Thursday. “Not nearly enough carriers are…
Autonomous vehicles coming, but auto books will not disappear any time soon: CIAA event speaker
April 17, 2017 by Angela StelmakowichAutonomous vehicles are coming, but there is no need for property and casualty insurers to panic that their auto books are going to quickly disappear, Andrew Lo, president and chief operating officer of Kanetix Ltd., said Thursday at the Canadian…
Encouraging signs around insurance awareness on a global scale: Swiss Re’s Ojeisekhoba
April 5, 2017 by Angela StelmakowichMuch remains to be done to bolster awareness, availability and take-up of p&c insurance on a global scale, but there are encouraging signs in play that may be further advanced by use of technology, Moses Ojeisekhoba, chief executive officer, reinsurance…
Difficult year for Canada’s p&c insurance industry: IBC’s McGown
April 4, 2017 by Angela StelmakowichThe Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives…
The Great Data Shake-Up
April 1, 2017 Brenda Rose, Vice President and Partner, FCA Insurance BrokersMajor upheavals within many insurers’ underlying systems are necessary to answer the changing needs of the insurance world and the changing demands of consumers. Brokerages, in turn, will need to stay current with broker management system software releases to both access new connectivity capabilities and be able to offer the full set of data required by insurers.
Larger liability claims expected to become more expensive, complex: AGCS
March 30, 2017 by Canadian UnderwriterThere is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,…
Canadian executives investing in tech skills training, but still struggle to keep up with technology change: PwC Canada
March 29, 2017 by Canadian UnderwriterPolled Canadian organizations are struggling to keep up with constant technology change despite executives viewing digital strategy, cyber security and data analytics as quite or highly important skills to their businesses, notes a new report issued Wednesday by PricewaterhouseCoopers (PwC)…
New DGIG water protection program available country-wide
March 21, 2017 by Canadian UnderwriterDesjardins General Insurance Group has announced the cross-country availability of a new home insurance program designed to keep policyholders informed of potential leak sources so that action can be taken and water-related damage prevented. Water damage accounts for more than…