Tech
An insurtech that positions itself as the first Canadian company to specialize exclusively in tenant insurance has launched after months of research and development. Montreal-based Allset launched last week, using a “matching” algorithm to compare the tenant’s needs to over 10 insurance companies’ offers in real time to find the best coverage. Allset reports on […]
By Jason Contant | May 22, 2019
2 min read
If your client offers loyalty and rewards programs, they may want to keep a closer eye on securing these “non-traditional risk points” from cyber criminals. Earlier this year, several McDonald’s customers in Canada complained that criminals had breached their accounts on the restaurant chain’s loyalty app and placed unauthorized orders, some totaling more than $1,000, […]
By Jason Contant | May 21, 2019
Biometrics and two-factor authentication will become more popular tactics for mitigating cyber crime risk, a British Columbia credit union executive predicts. “I feel like I do a lot of biometrics,” said Marilyn Mauritz, chief transformation and governance officer at Vancouver-based Central 1 Credit Union, during a panel discussion at the recent Payments Canada Summit in […]
By Greg Meckbach | May 17, 2019
3 min read
Operations
As the federal government drafts regulations related to recent Bank Act amendments, the Insurance Brokers Association of Canada (IBAC) is confident that the fundamental aspects of their position have been upheld. Bill C-74, which received royal assent in June 2018, proposed amendments to the Bank Act to give banks additional powers regarding the ability to […]
By Jason Contant | May 17, 2019
Allstate Insurance Company of Canada has joined the ranks of insurers providing telematics apps. Allstate Canada said Monday it has debuted a “personalized app for the modern driver” as National Road Safety Week (May 14-20) kicks off in Canada. Several other insurers, including Intact and Desjardins, have apps based on telematics, which monitor driving behaviours. Allstate […]
By Jason Contant | May 16, 2019
Your client’s property and life are getting increasingly exposed to cyber attacks because just about everything today has computing power, an information security expert warns. “It used to be what with computer security, we were worried about computers, desktops and laptops,” Bruce Schneier, a special advisor to IBM Security, said Tuesday during the Payments Canada […]
By Greg Meckbach | May 15, 2019
Large commercial brokerage BFL Canada announced Tuesday the acquisition of British Columbia-based Summit Insurance Brokers Inc. Summit, based in Prince George, was founded in the late 1990s and brings expertise in industrial, commercial and farm risks to BFL Canada. Summit places a variety of property and casualty insurance for clients in central and northern B.C., […]
By Jason Contant | May 15, 2019
When it comes to summer perks, Canadian employees want their bosses to give them a more flexible schedule. Almost half (49%) of the 400 respondents to a survey from staffing firm Accountemps said they wanted more opportunities to work from home and have condensed days. So-called “Summer Fridays” that allow employees to leave early before […]
By Adam Malik | May 14, 2019
It’s a common misperception that large direct insurance companies have lots of money to invest in the best, most innovative technology, creating a divide between them and smaller, “have not” brokerages. But digital transformation is actually levelling the playing field between small brokerages and large direct insurers, says Andrew Au, co-founder of Intercept Group, a […]
By David Gambrill | May 14, 2019
Spyware crafted by an “advanced cyber actor” infected multiple targeted mobile phones through the popular WhatsApp communications program without any user intervention through in-app voice calls, the company said. The Financial Times identified the actor as Israel’s NSO Group, and a WhatsApp spokesman later said “we’re certainly not refuting any of the coverage you’ve seen.” […]
By Jason Contant | May 14, 2019
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