Tech
London-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology itself and insurance policies have to evolve to reflect this,” Matthew Taylor, head of emerging […]
By Canadian Underwriter | October 24, 2017
2 min read
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 that relies on human interaction and often involves tricking someone into breaking security protocols – […]
4 min read
Burns & Wilcox Canada has entered into an exclusive agreement with Node International to distribute comprehensive cyber liability insurance, a move the former characterizes as “fusing cyber security tactics and insurance like never before.” The agreement means the managing general agent will be the sole wholesaler of Node International’s cyber liability policy offerings. London-based Node […]
Disruption of operations is the biggest consequence of a cyberattack, followed closely by the compromise of sensitive data, according to a new survey from professional services company PwC. The 2018 Global State of Information Security Survey (GSISS), released late last week, is based on responses of more than 9,500 senior business and technology executives from […]
By Canadian Underwriter | October 23, 2017
3 min read
A Canadian small business insurance provider, Front Row Insurance Brokers, has launched a fully automated system that allows small business owners to buy and download business liability insurance and office contents insurance policies online, without ever having to talk to a broker. “Every industry faces disruption through innovation, and this promises to be a game-changer […]
Legal / Regulation
Andrew Weaver, the leader of the B.C. Green Party, has introduced his Ridesharing Enabling Act for the third time. Weaver previously introduced the bill twice under the previous B.C. Liberal government. The bill has been modified from previous versions to enable the Insurance Corporation of British Columbia to develop an insurance regime for ride-hailing, as […]
Covera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel investors.” The seed round, which was preceded by a $500,000 pre-seed financing round in 2016, […]
By Canadian Underwriter | October 19, 2017
A reliance on mobile devices and apathy towards device security have been highlighted as key cybersecurity impact areas in Kaspersky Lab’s latest Kaspersky Cybersecurity Index. The index, an aggregate of indicators reflecting changes in online behavior, found that in the first half of 2017, consumers are increasingly going mobile, older Internet users face a growing […]
The combination of known risks with a new technology is challenging, Christian Höft, client manager with Munich Re, told Canadian Underwriter one day after the (re)insurer released a comprehensive risk analysis of the Hyperloop technology. Hyperloop Transportation Technologies’ (HTT) technology is a new form of transport which sees passengers and goods being transported in capsules […]
By Jason Contant | October 18, 2017
The Co-operators General Insurance Company announced on Wednesday a new product that provides insurance coverage and risk management solutions for Canadian businesses to help protect them from the “rapidly growing threat of privacy breach.” The coverage complements commercial insurance policies and is designed not only to cover costs associated with a privacy breach and the […]
By Canadian Underwriter | October 18, 2017
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