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…
Confront risks of financial technologies to reap benefits: FINTRAC
February 22, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The head of Canada’s financial intelligence unit warns that regulators must grapple with the challenges of emerging financial technologies, some of which he says have been exploited by terrorism and organized crime. But while it’s necessary to safeguard…
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…
Northern Nevada braces for more flooding Thursday and beyond
February 16, 2017 Scott Sonner - THE ASSOCIATED PRESSRENO, Nev. – Northern Nevada officials still assessing millions of dollars in damage from the latest round of flooding braced Tuesday for another series of wet storms that could swamp parts of the state again into next week. “Wednesday is…
Auto executive warns U.S. Congress it will be ‘pretty hard’ to make autonomous vehicles ‘safe in all conditions’
February 15, 2017 by Canadian UnderwriterCompanies aiming to deploy autonomous vehicles in the next few years are “typically” referring to vehicles that are only autonomous under certain conditions, such as good weather, a Toyota executive suggested this week to a subcommittee of the United States…
RMS appoints Mike Pritula as president, effective March 1
February 14, 2017 by Canadian UnderwriterRisk Management Solutions, Inc. (RMS) announced on Tuesday that it has appointed industry veteran Mike Pritula as president, effective March 1. Pritula will lead RMS’ client service and market development, advancing the company’s role in delivering value to enable its…
Chubb expands global cyber facility with multi-line peril endorsements
February 14, 2017 by Canadian UnderwriterChubb 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…
Weather risk accounts for an estimated US$56 billion in untapped wind energy asset values globally: GCube
January 31, 2017 by Canadian UnderwriterResource underperformance has surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects, GCube Underwriting Ltd. notes in a report estimating the untapped asset values of wind energy stakeholders around the world at US$56…
U.S. financial firms looking to robo-technology to complement existing service models
January 25, 2017 by Canadian UnderwriterRobo-technology is expected to be part of the mix for most polled U.S. financial firms looking to enhance their existing service models, suggest a new survey from Vestmark, Inc. Feedback was captured during a webinar last month attended by 150…
LexisNexis Risk Solutions brings advanced analytics to U.S. telematics programs
January 24, 2017 by Canadian UnderwriterLexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S.…
New mobile app allows policyholders to self-serve auto, property insurance policies through their mobile devices
January 24, 2017 by Canadian UnderwriterKTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the…
U.S. Department of Transportation designates 10 automated vehicle “proving grounds” to encourage testing of new technologies
January 23, 2017 by Canadian UnderwriterThe U.S. Department of Transportation (DOT) has announced that it has designated 10 “proving ground” pilot sites to encourage testing and information sharing related to automated vehicle technologies. Former U.S. Transportation Secretary Anthony Foxx announced the designations last week before…