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Utilities cautioned to act now to strengthen their cyber security defences: Accenture

October 5, 2017 by Canadian Underwriter

Unprepared 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

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Willis Re supports B3i blockchain insurance industry initiative

October 2, 2017 by Canadian Underwriter

Willis 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

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Third-party drone services developing, immediate post-incident use still a challenge

September 8, 2017 by Angela Stelmakowich

A trend seems poised to take flight whereby companies in need of drone services to gain specific insights will increasingly tap the expertise of third-party providers. “I think third-party companies who provide services utilizing drones will be more common than

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Endeavour, Advent Claims partner to support Lloyd’s coverholders in Canada

September 7, 2017 by Canadian Underwriter

Advent Claims will provide its claims management system to Lloyd’s broker, Endeavour Insurance Services, as part of a new partnership arrangement meant to support London market coverholders operating in Canada. Advent Claims is a technology-led claims third-party administrator; Endeavour Insurance

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“Drastic action” needed to address ICBC ails, remedy hefty rate hikes

September 6, 2017 by Canadian Underwriter

The British Columbia government has taken the reins to protect drivers and address mounting financial concerns at the Insurance Corporation of B.C. (ICBC), including by limiting rate increases that threatened to reach double-digits. “Drastic action is needed to fix ICBC’s

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Polled security professionals in U.S. find securing disconnected systems a challenge

August 21, 2017 by Canadian Underwriter

Recently surveyed IT security professionals in the U.S. say securing systems that are disconnected from their corporate networks is a challenge, a situation that could worsen over time, reports Los Angeles-based Lieberman Software Corporation. Polled at Black Hat USA 2017,

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U.S. protectionist trade sentiments top challenge cited by polled Canadian businesses, but optimism about Canadian economy way up: survey

August 15, 2017 by Canadian Underwriter

Protectionist trade sentiments south of the border top the list of challenges facing the Canadian economy, a concern identified by almost a quarter of the 516 business leaders taking part in a new survey released Tuesday by Chartered Professional Accountants

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Understanding of insider threat far from complete: U.S. report

August 9, 2017 by Canadian Underwriter

Almost half of respondents to a recent U.S. survey are unaware of the potential for financial losses associated with an insider incident and a third do not know how much related losses are costing their organizations. Findings indicate many organizations

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Large corporations worldwide considering blockchain technology, some expect to roll out solutions next year: Juniper Research

August 1, 2017 by Canadian Underwriter

Blockchain technology is an increasing consideration among surveyed company representatives around the world, with most firms that have reached the proof of concept (PoC) reporting they expect to roll out solutions by the end of next year, Juniper Research reports.

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Canada’s fintech adoption rate doubles in last 18 months: EY report

July 25, 2017 by Angela Stelmakowich

Customer wants, needs and demands are guiding players in Canada’s fintech space toward developing simpler, more transparent and customer-centric financial services products, with insurance expected to see a big increase in uptake in future, suggests new research released Tuesday by

Feature Mergers and AqcuisitionsTechnology

On Balance

July 24, 2017 Brett Hansen, Vice President, Endpoint Data Security and Management, Dell

The balancing act demanded of employees trying to meet the twin goals of efficiency and data safety makes the people side of data security critically important. Organizations must design security programs that implement a mix of solutions to address security awareness, enablement and protection in the workforce.

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Cyber work diagnostic tool to help foster a cyber-savvy workforce by making people the focus: Willis Towers Watson

July 21, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) has launched a new cyber work diagnostic tool designed to help bolster organizational readiness by focusing on talent management, emerging skills and roles, and defining the requirements of cyber work. The idea is to combat an