HR
A little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a solid defence against cyber attacks requires considering the people side of the equation, said Echols, […]
By Canadian Underwriter | June 22, 2017
3 min read
Tech
Canadian firms, particularly those in the telecommunications sector, may be overconfident in their cybersecurity preparedness, according to a recent survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. For the survey, Ovum conducted telephone interviews for FICO of senior security executives at 350 companies in Canada, the United States, the […]
By Canadian Underwriter | June 21, 2017
2 min read
Canada's property and casualty insurance industry is undergoing a true transformation, driven in large part by staggering advances in technology and ever-increasing demands. What will the industry look like in 10 years? And what do organizations need to do to ensure they gain a competitive advantage?
By Frank Attaie, Associate Vice President, Financial Services Sector, IBM Canada | June 21, 2017
5 min read
The fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in the 2017 Trustwave Global Security Report reflect, among other things, real-world data from hundreds of […]
By Canadian Underwriter | June 20, 2017
6 min read
It is not necessarily safe to use hands-free electronic devices while driving, especially when operating construction or contractor’s equipment, Northbridge Insurance suggested in a blog post Monday. Fleet managers should “include a policy on the use of wireless communication devices” in their organizations’ safety programs, Northbridge Insurance wrote in a post, titled Distracted Driving: Dealing […]
By Canadian Underwriter | June 19, 2017
The rapid increase in computing power has allowed industry players in property and casualty insurance to begin using machine learning and artificial intelligence for a variety of applications. But industry watchers see those applications as just a start, reporting that more advanced uses of emerging information technologies are being explored and positing that these new applications could soon be on their way.
By Greg Meckbach, Associate Editor | June 19, 2017
10 min read
Blockchain technology company The Bitfury Group and risk and insurance advisory firm Risk Cooperative have announced a strategic partnership to pioneer blockchain applications in the US$60 billion insurance intermediation market. Announced on Friday, the partnership will leverage Bitfury’s expertise in designing and implementing full scale blockchain applications across a wide range of sectors and Risk […]
Arch Reinsurance Company announced on Friday that François Dagneau will be appointed to the position of chief executive officer of its Canadian branch this month. Dagneau will replace Patrick McGuiness, who is retiring from Arch, the company said in a press release. Dagneau joins Arch Re’s Canadian operations with more than 25 years of experience, […]
By Canadian Underwriter | June 16, 2017
The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company announced on Friday that they have created a working group to explore ways for brokers to integrate Intact’s new online Client Centre with their existing systems. This newly-formed group between Intact and IBAO’s Technology Committee will examine ways brokers can integrate the Client Centre […]
Creating multiple access points for a single consumer to obtain electronic communications, including e-documents, could be detrimental to the Ontario consumer, the Insurance Brokers Association of Ontario (IBAO) argued in a position paper released on Thursday. IBAO released the paper, titled Electronic Communication with the Ontario Consumer, in light of the recent 2017 budget from […]
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