Tech
Global organizations are spending nearly four times more budget on property-related risks than cyber risks, according to a report released on Tuesday by the Ponemon Institute and sponsored by Aon plc. The 2017 Cyber Risk Transfer Comparison Global Report also found that organizations now believe that their cyber assets are more valuable than plant, property […]
By Canadian Underwriter | April 25, 2017
2 min read
HR
More than four in 10 CEOs around the globe have begun the process of digital business transformation, according to a new study from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Mark Raskino, vice president of Gartner and a Gartner Fellow, said in a press release on Monday that 20% […]
3 min read
PHILADELPHIA – Risk managers are developing a language that translates worldwide, an advance that bodes well for both the profession and the organizations risk professionals are serving, RIMS president Nowell Seaman suggested during the opening session of the RIMS 2017 Annual Conference & Exhibition. “Fifteen years ago, we weren’t even speaking the same language of […]
By Jason Contant | April 24, 2017
PHILADELPHIA – Risk managers will need to take the lead in organizational efforts to address complex challenges and opportunities in an environment that increasingly features rapidly advancing disruptive technology risks, suggests a joint report from broker and risk advisor Marsh and RIMS, the risk management society. The 14th annual Excellence in Risk Management report, Ready […]
By Canadian Underwriter | April 24, 2017
6 min read
PHILADELPHIA – Considering human risk is essential when determining how best to combat data breaches and associated costs, but the human element is routinely overshadowed by technology in organizational efforts to bolster cyber security, says Anthony Dagostino, global head of cyber risk for Willis Towers Watson (WTW). “Companies tend to place a heavy emphasis on […]
4 min read
PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in North America, Aon plc’s 2017 Global Risk Management Survey found. Released Monday during the RIMS […]
By Angela Stelmakowich | April 24, 2017
5 min read
PHILADELPHIA – RIMS, the risk management society, has announced that Alex’s Lemonade Stand Foundation (ALSF) is the beneficiary of the society’s 2017 Community Service Day Project, sponsored by ESIS. The project, which this year focuses on combating childhood cancer, is part of RIMS 2017 Annual Conference & Exhibition. The annual four-day event is being held […]
By Canadian Underwriter | April 23, 2017
Allianz SE announced on Friday that it has recently made a “strategic investment” in Lemonade Insurance Company, a New York-licensed renters and homeowners insurer powered by artificial intelligence and behavioural economics. “The partnership ties in neatly with our digitization focus,” Allianz said in a statement. “After all, insurance technology – or insurtech for short – […]
By Canadian Underwriter | April 22, 2017
More than 26 years after the fatal sinking of a leaking fishing vessel north of Nova Scotia, the federal government has still not mandated water level detectors on all large fishing vessels, the Transportation Safety Board of Canada warned this week. On Dec. 12, 1990, the Nadine, a 37-metre long stern trawler, left Cap-aux-Mweules, Quebec […]
By Canadian Underwriter | April 21, 2017
Ontario-based BlackBerry Limited is growing its footprint in the insurance industry through a new initiative with Allied World Assurance Company Holdings in which the latter’s U.S. cyber policyholders will gain direct access to the former’s cyber security expertise through an online self-assessment tool. The tool will help with identifying areas of weakness, notes a statement […]
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