Tech
Cybercriminals are capitalizing on the popularity of blockchain technology by circulating cryptocurrency-themed fraud schemes, according to cybersecurity company Kaspersky Lab’s Spam and Phishing in Q3 2017 report. “While cryptocurrency holders search for new investment opportunities and bitcoin enthusiasts look to learn more about the benefits of going cashless, malicious actors are discovering new ways to […]
By Canadian Underwriter | November 6, 2017
3 min read
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.
By Catherine Smola, president and chief executive officer, Centre for Study of Insurance Operations | November 6, 2017
1 min read
Brokerages of all sizes can gain insight using data analytics if they collect accurate data on clients and operations and leverage government and public information sources.
By Jeffrey Baer, Manager of Advanced Analytics, Economical Insurance | November 3, 2017
2 min read
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 of the U.S. The research shows there is a definite cost – a hefty one […]
By Canadian Underwriter | November 2, 2017
4 min read
Canadian P&C insurance brokerages prefer Facebook to communicate with customers and prospects, according to 90% of respondents to a social media survey conducted this summer and released on Wednesday by Economical Insurance. The 2017 Pulse Check: Social Media Usage in the Canadian Insurance Industry survey of nearly 300 professionals from Canadian brokerages found that nine […]
By Canadian Underwriter | November 1, 2017
HR
Experienced brokers should act as mentors to young workers entering the profession and local affiliates of the Insurance Brokers Association of Ontario need to have programs to help recruit high school and post-secondary students into the business, IBAO president-elect Brian Purcell suggested Thursday. “In our industry, we have many young brokers with a fresh outlook […]
By Jason Contant | October 27, 2017
Legal / Regulation
The Saskatchewan Taxi Cab Association (STCA) is calling on the province to “conduct real consultation” before allowing transportation network companies (TNCs) like Uber to operate in the province. In its Speech from the Throne on Wednesday, the provincial government said that it plans to introduce legislation so that Saskatchewan Government Insurance (SGI) can offer coverage […]
By Canadian Underwriter | October 26, 2017
Insurance regulatory frameworks are becoming disrupted as new technologies and the rise of social media are changing the way insurance is bought and sold.
By Brian Reeve, Partner, Cassels Brock & Blackwell LLP | October 26, 2017
Advances in telecommunications, data storage, software and artificial intelligence is making it more difficult to use cost and distribution as a competitive advantage, Google Canada’s head of marketing suggested to Ontario insurance brokers Wednesday in Ottawa. Netflix and Instagram were among the firms that supplanted established industry players such as Blockbuster and Kodak, noted Fab […]
By Jason Contant | October 26, 2017
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 peace of mind, JLT Canada announced Wednesday that it has signed on with InsuraSync, Certisync’s […]
By Canadian Underwriter | October 25, 2017
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