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Uber hack raises disclosure concerns, calls for stronger data protection

November 23, 2017 Ian Bickis - THE CANADIAN PRESS

The theft of details on millions of Uber customers, and the company’s efforts to cover up the breach, have raised alarms among privacy experts and renewed calls for better data protection laws in Canada. Uber admitted Tuesday that hackers stole

News InsuranceMarkets / CoveragesTechnology

Linux botnets, number of countries facing DDoS attacks up in Q3: Kaspersky

November 13, 2017 by Canadian Underwriter

The share of Linux botnets is continuing to grow, accounting for 70% of attacks in the third quarter of the year from 51% in Q2, according to cybersecurity company Kaspersky’s Q3 2017 DDoS Intelligence Report. Experts also continue to see

insPRESS AnnouncementsAppointmentsAssociationsCatastrophesClaimsClimate ChangeConstructionEarnings / RatingsInsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsProductsProfessional DevelopmentReinsuranceTechnology

New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns

November 13, 2017 Canadian Underwriter

TORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”

News InsuranceMarkets / CoveragesTechnology

Insurtech startup releases commercial drone package for property insurance inspections and claims

November 9, 2017 by Canadian Underwriter

Insurtech startup Betterview, a service provider for capturing and analyzing data from drones, has announced a commercial drone inspection package for insurers. The pre-assembled package, which is available in Canada, includes a DJI drone, software and training to “provide and

Feature Technology

Connected Consumers

November 8, 2017 Greg Meckbach, Associate Editor; and Angela Stelmakowich, Editor

Insurtechs may present a threat to established insurance providers, but an Executive Forum speaker contends that young people should be in the market for a trusted advisor

News ClaimsInsuranceTechnology

Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker

November 7, 2017 by Angela Stelmakowich

It is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would

News AnnouncementsClaimsInsuranceTechnology

Allianz trials blockchain prototype for the captive insurance market

November 7, 2017 by Canadian Underwriter

International insurance transactions can be significantly accelerated and simplified, suggests a trial by Allianz Global Corporate & Specialty (AGCS) involving the successful implementation of a blockchain prototype for the captive insurance market. “We are currently seeing many blockchain applications in

Feature AssociationsTechnology

Standardizing Codes

November 6, 2017 Catherine Smola, president and chief executive officer, Centre for Study of Insurance Operations

Insurance brokerage databases for customer insurance policies rely on computer codes to identify elements endorsements, discounts and coverages. But when different insurance companies use different codes for the same element, it can require more work from brokers wanting to analyze the data.

News Technology

Employees, employers faced with increasingly sophisticated ransomware attacks often opt to pay

November 2, 2017 by Canadian Underwriter

The current approach to ransomware education is not sticking, with employees and employees alike opting to pay ransoms in record numbers because they do not have a firm grasp of what should be done when attacked, notes new research out

News AnnouncementsInsuranceTechnology

JLT Canada, Certisync look to overhaul tenant insurance processes, maximize portfolio insurance strategies.

October 25, 2017 by Canadian Underwriter

Jardine Lloyd Thompson Canada Inc. and Certisync International have teamed up as part of a joint venture to help property managers and administrators in Canada and revolutionize how the industry regulates tenant insurance processes. Aimed at giving property managers greater

News InsuranceMarkets / CoveragesTechnology

Beazley reports nine-fold rise in data breaches due to social engineering in first three quarters of 2017

October 24, 2017 by Canadian Underwriter

Specialist insurer Beazley has reported a nine-fold increase in data breaches due to social engineering in the first to third quarters of this year. In the first three quarters of 2016, attacks involving social engineering – a form of attack

News ConstructionInsuranceLegislation / RegulationMarkets / Coverages

Ontario government pledges ‘further study’ on insurance-type products covering new home warranties

October 19, 2017 by Canadian Underwriter

The Ontario government proposes to separate the administrator of the new home warranty program from the regulator of new home builders and vendors, but the ruling Liberals want to further study a recommendation to implement a multi-provider insurance system for