Canadian Underwriter

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technology


News InsuranceTechnology

InsurEye adds independent mortgage, credit card consumer reviews to platform

March 15, 2017 by Canadian Underwriter

The largest Canadian platform for insurance reviews has launched independent consumer reviews for mortgage and credit card products, InsurEye announced Wednesday. “Our platform has already been offering nearly 3,000 home, auto and life insurance reviews to inform Canadian consumers about

News Technology

Use of technology could help to enhance compliance efforts: KPMG LLP report

March 14, 2017 by Canadian Underwriter

The 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

News AssociationsInsuranceMergers and AqcuisitionsReinsuranceTechnology

ATB Financial joins R3 distributed ledger consortium

March 10, 2017 by Canadian Underwriter

ATB Financial announced Thursday that the Alberta-based financial services provider has joined the consortium of financial innovation firm R3 to design and apply distributed and shared ledger-inspired technologies to global financial markets. The company will be collaborating with more than

News InsuranceMergers and AqcuisitionsTechnology

Global market for autonomous, assistive safety and comfort vehicle features up to US$26 billion annually by 2025: Bain & Company

March 7, 2017 by Canadian Underwriter

Autonomous vehicles are revving up, with Bain & Company Inc. forecasting annual growth of 12% to 14% for the global market of autonomous and assistive safety and comfort features by 2025. That translates to a global B2B market of US$22

News InsuranceLegalTechnology

Need for organizations to fill culture gap when it comes to cyber risk: ICRMC speaker

March 3, 2017 by Angela Stelmakowich

Organizations 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

News InsuranceTechnology

ICTC speaker urges insurers to be ‘more receptive to the better mousetrap’

March 1, 2017 Greg Meckbach, Associate Editor

There are many ways in which technology can help insurers, but they need to be able to respond quickly and not be so “old school,” panelists at a recent conference told industry professionals. “I think there is lots of room

Feature Technology

Leading the Pack

March 1, 2017 Janice Deganis, National Insurance Leader; and Steve Yendall, Insurance Advisory Leader, EY Canada

Facing a potent combination of technological change, talent pressure and shifting customer expectations, Canada’s property and casualty insurers will need to flex new organizational muscles to unlock the growth potential of innovation and customer-centricity.

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesTechnology

RSA Canada posts solid underwriting profit despite nat-Cat events in 2016

February 24, 2017 by Angela Stelmakowich

RSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re

News InsuranceLegalTechnology

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 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

Feature Claims CanadaInsurance

Message from the President

February 10, 2017 Heather Matthews, President, Canadian Independent Adjusters' Association

You cannot turn a page, open a news article, turn on the television or even have a conversation without technology somehow weaving its thread in. We are bombarded with the latest advancements in all industry sectors. In my last message

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