Tech
What will it take to win the cyber security war in 2017? Organizations may choose to arm themselves with the strategic approach that has worked for high-performing organizations, including identity management and authentication, web application firewalls and encryption for data at rest.
By Ryan Wilson, Chief Technology Officer, Security, Scalar Decisions Inc. | March 1, 2017
5 min read
There are many ways in which technology can help insurers, but they need to be able to respond quickly and not be so “old school,” panelists at a recent conference told industry professionals. “I think there is lots of room for innovation” in the insurance industry, suggested Alice Keung, chief information officer of Economical Insurance, […]
By Greg Meckbach | March 1, 2017
3 min read
There is an increased interest in using captives to cover cyber risk. With cyber risk changing so rapidly, contributing to making the risk difficult to underwrite, some industry experts expect that interest to grow.
By Greg Meckbach, Associate Editor | March 1, 2017
6 min read
Facing a potent combination of technological change, talent pressure and shifting customer expectations, Canada's property and casualty insurers will need to flex new organizational muscles to unlock the growth potential of innovation and customer-centricity.
By Janice Deganis, National Insurance Leader; and Steve Yendall, Insurance Advisory Leader, EY Canada | March 1, 2017
HR
Competitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the last year and a half we have seen a proliferation of fintech companies entering into […]
By Canadian Underwriter | March 1, 2017
Surveyed Canadians are becoming more vigilant about guarding against fraud, with the lion’s share of respondents taking measures to protect their personal information and three in 10 seeking help to ensure they are alerted should a fraud be under way. Almost all polled Canadians (91%) have taken steps to better protect their personal information, Equifax […]
By Canadian Underwriter | February 28, 2017
OTTAWA – The national spy service saw little risk to the personal privacy of Canadians in a self-penned evaluation of its secret data-crunching centre – a shadowy program now at the centre of intense controversy, newly released documents show. The Canadian Security Intelligence Service centre touched off a firestorm late last year when a judge […]
By Jason Contant | February 27, 2017
Atlanta-based Crawford & Company posted net income attributable to shareholders for both the full year and fourth quarter of 2016 – reaching about US$7.8 million and about US$36.0 million – compared to losses in the prior-year periods. Net income attributable to shareholders of Crawford & Company was US$7.8 million in the quarter ending Dec. 31, […]
By Canadian Underwriter | February 27, 2017
4 min read
An Ontario court has appointed two committees to negotiate the allocation of benefits from a demutualization of Economical Insurance, the Waterloo, Ont.-based insurance carrier announced Friday. No federally regulated P&C insurers have demutualized yet. Canada did not have regulations allowing for federally regulated P&C insurers to demutualize until the summer of 2015. In December, 2015, […]
By Canadian Underwriter | February 24, 2017
Global organizations will spend US$1.2 trillion on digital transformation this year, with the fastest growth coming from insurance, banking, retail and healthcare providers, International Data Corporation (IDC) said on Thursday. A new update to IDC’s Worldwide Digital Transformation Spending Guide forecasts worldwide spending on digital transformation (DX) technologies to be more than US$1.2 trillion in […]
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