HR
Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior to this appointment, Henn held senior-level positions with Esurance, Nationwide Mutual Insurance Company and Progressive […]
By Canadian Underwriter | August 24, 2017
2 min read
Tech
Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey. “Risk professionals’ continued to show confidence in standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in 2017,” RIMS, the risk management society, said in a press release on […]
Responses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than ever,” the Council of Insurance Agents & Brokers has reported. “The cyber market is still […]
By Canadian Underwriter | August 23, 2017
The long-standing objective of standardized real-time data exchange between insurance brokers and companies has taken a big step forward with Tuesday’s announcement that initial testing of the process has been successfully completed. A team of players in Canada’s p&c insurance industry has announced completion of initial testing for the Broker Connectivity Accelerator, “designed to standardize […]
3 min read
York University’s School of Continuing Studies said on Tuesday that it is responding to the “demand for comprehensive risk management training” by launching a new online Certificate in Risk Management course. The three-course online program (Risk Management Principles and Practices; Risk Assessment and Treatment; and Risk Financing) can be completed in just six months, York […]
New York-based Ironshore Inc. is taking steps to help manage cyber claims for all in-force policies, regardless of line, with the launch of a dedicated computer response team. Comprised of cyber claims co-ordinators representing each of the insurer’s specialty lines divisions, the Computer Emergency Response Team (CERT-Ironshore) will provide insureds a single point of contact […]
By Canadian Underwriter | August 22, 2017
Legal / Regulation
Worldwide spending on information technology security products and services will reach US$86.4 billion in 2017, an increase of 7% over 2016, according to the latest forecast from Gartner, Inc. Spending is expected to continue its growth to US$93 billion in 2018, the Stamford, Conn.-based research and advisory company said in a press release last week. Within the infrastructure protection segment, Gartner forecasts fast growth in the security testing market (albeit from a small base) due to continued data breaches and growing demands for application security testing as part of…
The leader of the BC Green Party said on Monday that he will re-introduce legislation this fall to enable ridesharing in the province. Andrew Weaver said in a press release that he has twice introduced the Ridesharing Enabling Act, once in April 2016 and again in February 2017. “All parties want to see B.C. be a leader in the emerging economy,” Weaver said in the release. “To do so, government must take a proactive, responsive approach that considers the wide ranging impacts of technological innovation. Vancouver is the largest…
Recently surveyed IT security professionals in the U.S. say securing systems that are disconnected from their corporate networks is a challenge, a situation that could worsen over time, reports Los Angeles-based Lieberman Software Corporation. Polled at Black Hat USA 2017, an annual security event held in July in Las Vegas, Lieberman Software surveyed attendees and […]
By Canadian Underwriter | August 21, 2017
Global professional services company Accenture has opened a new “Liquid Studio” in Toronto to help clients “to turn ideas into innovative applications and solutions with speed and agility.” The Liquid Studio uses rapid development approaches, including agile methodologies and DevOps (a software development and delivery process), and then applies disruptive technologies such as artificial intelligence, […]
By Canadian Underwriter | August 18, 2017
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.
