Operations
One Saskatchewan brokerage is still trying to determine how best to support staff whose children knew some of the players fatally injured in the Humboldt bus crash earlier this month. Tracy Rogoza, chief operating officer of Knight Archer Insurance, the broker for the Humboldt Broncos, told Canadian Underwriter Tuesday that, thankfully, none of the brokerage’s […]
By Jason Contant | April 24, 2018
2 min read
Tech
In the not-too-distant future, machine learning techniques will fundamentally change the way corporate boards of directors are chosen, with shareholders being the beneficiaries, a recent study has predicted. The study, Selecting Directors Using Machine Learning, involved the use of a machine learning algorithm to identify which directors were likely to be unpopular with shareholders, according […]
By Jason Contant | April 23, 2018
3 min read
Clients buying cyber insurance can only be prepared for the risk of a computer security breach if senior executives practice beforehand, a commercial insurer executive told Canadian Underwriter Friday. Corporate clients need to hold “table top exercises,” meaning they gather not only computer professionals but senior executives in a room, said Dan Trueman, global head […]
By Greg Meckbach | April 23, 2018
HR
Do you find the daily grind at your brokerage unbearable? You’re definitely not alone. Two-thirds (66%) of working Canadians report moderate to high levels of stress at their jobs, according to a TD Bank Group survey released Thursday. But those in the insurance industry likely find themselves reaching for a bottle of Advil more often […]
By Jason Contant | April 20, 2018
Brokers selling commercial insurance need to ask clients what they use their computers for and what happens if they lose access to that data, an executive with a Bermuda insurer says. Computer security (also known as cyber) risk, “will impact every type of business eventually,” Dan Trueman, global head of cyber for Bermuda-based commercial insurer […]
By Greg Meckbach | April 20, 2018
A new survey from Willis Towers Watson (WTW) has found that half of Canadian employers believe that work automation will result in job losses, a finding echoed recently by a Canadian property and casualty insurance executive. In November 2017, RSA Canada president and CEO Martin Thompson estimated that technological automation will change the composition of […]
By Jason Contant | April 19, 2018
Properly-trained employees are critical to managing cyber risk, especially with the nation-wide breach reporting law taking effect this fall, brokers and risk consultants told insurance professionals at a recent conference. On November 1, several new sections – including one mandating privacy breach reporting – of the federal Personal Information Protection and Electronic Documents Act take […]
By Greg Meckbach | April 19, 2018
Do elements of cybercrime, such as social engineering fraud and phishing scams, belong on a traditional crime insurance policy or should they be part of a cyber policy? The answer to that question depends on which carrier you ask. “There’s some debate in the market between carriers as to whether they still belong on a […]
Sheldon Wasylenko is among the brokers acclaimed Tuesday to the board of directors of the Centre for Study of Insurance Operations (CSIO). Wasylenko previously served as president of the Insurance Brokers Association of Saskatchewan. He also serves on the board of the Insurance Brokers Association of Canada (IBAC), which recruited him as technology champion. By […]
By Greg Meckbach | April 18, 2018
More than a dozen Canadian property and casualty insurers are using standardized codes to denote coverages, endorsements and discounts in broker’s databases. Thirteen insurer members of the Centre for Study of Insurance Operations ‘are now 100% standards-compliant,” meaning they are no longer using Z-codes, CSIO president and chief executive officer Catherine Smola said Tuesday. CSIO […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
