HR
Organizations need to take some risks, and risk managers need to understand the value of taking such risks, Risk and Insurance Management Society Inc. (RIMS) said in a report announced Tuesday. “Usually risk is defined as the possibility of loss or injury, but the idea of risk is more complicated that than,” wrote Jessica Wasserman, […]
By Canadian Underwriter | June 8, 2016
2 min read
Legal / Regulation
Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced by recent research and development by automotive original equipment manufacturers (OEMs), and supplier and technology […]
By Canadian Underwriter | June 7, 2016
4 min read
Tech
Chief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new report from PricewaterhouseCoopers (PwC). Facing unprecedented disruption, it is vital that CIOs and executives are […]
3 min read
Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company. As organizations transition to digital business, a lack of directly owned infrastructure and services outside […]
By Canadian Underwriter | June 6, 2016
Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal Risk Services Canada, noted in a statement that technology is an integral part of many […]
By Canadian Underwriter | June 2, 2016
Sam Natur, chief executive officer of online commercial brokerage Bullfrog Insurance Ltd., has been an early-adopter of technology for more than 30 years.
By Greg Meckbach, Associate Editor | June 1, 2016
6 min read
Mobile application developers can do plenty to reduce the security risk of their apps. That said, information security also depends on the devices themselves, which, unfortunately, are not always within the control of insurers or their developers.
Use of microelectronics and controls is ubiquitous today. But along with the efficiency and performance that microelectronics offer, equipment that is smaller, faster and smarter also brings with it vulnerabilities and the chance of breakdowns that could prove disruptive and costly.
By David Pivato, Vice President, Boiler Inspection and Insurance Company of Canada | June 1, 2016
Sedgwick Claims Management Services, Inc. and its subsidiary Vericlaim announced on Wednesday that they will expand their services available in the Canadian market. In addition to Sedgwick’s existing third-party administration (TPA) operations, the companies will offer high-quality claims administration and adjusting services designed to meet the specific needs of the Canadian market in the areas […]
By Canadian Underwriter | June 1, 2016
Rather than stealing data, cyberattacks against critical infrastructure and manufacturers are more likely to target industrial control systems (ICS) to manipulate or shut down operations, Allianz Global Corporate & Specialty (AGCS) said on Wednesday. As energy, transportation or telecommunication companies, but also the manufacturing sector, become more reliant on automation, robot technologies and digital networks […]
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