Tech
Technological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as big data will simplify and accelerate the industry’s underwriting process and reduce the price of […]
By Canadian Underwriter | September 12, 2016
2 min read
Legal / Regulation
The global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI security market is estimated to grow from US$30.23 billion in 2016 to US$48.95 billion by […]
By Canadian Underwriter | September 9, 2016
1 min read
Changes to Saskatchewan Government Insurance’s (SGI) Safe Driver Recognition (SDR) program, which rewards the safest drivers with the biggest discounts and imposes stiffer consequences for high-risk drivers, take effect on Oct. 12. The program was implemented in 2002 to reward safe drivers and encourage risky drivers to change their behaviour. SGI began reviewing the program […]
By Canadian Underwriter | September 8, 2016
3 min read
HR
Symcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s award-winning software to Symcor’s cloud and outsourcing capabilities to provide an Insurance as a Service […]
By Canadian Underwriter | September 7, 2016
More than 90% of the millennials in the U.S. taking part in a Vertafore survey say they view the industry as fulfilling for long-term careers that meets important criteria commonly identified as essential for job satisfaction. The finding is at odds with the persistent perception that millennials regard insurance as “boring” and an unlikely career […]
By Canadian Underwriter | September 6, 2016
Will spinning the ransomware wheel mean boom or bust for businesses and organizations? The malicious software is increasingly being used to test security preparedness. Absent well-conceived, committed and ongoing protection, though, this malware du jour is likely to continue its costly winning streak.
By Angela Stelmakowich, Editor | September 5, 2016
14 min read
Commercial lines carriers face intense competition. Investing in technology is expected to prove key to retaining and serving clients who are increasingly looking for a true digital experience. Just how are commercial lines insurers preparing to deliver that experience?
By Chuck Ruzicka, Vice President of Research and Consulting, Novarica | September 2, 2016
7 min read
Being social is all well and good… until it no longer is. Social media is a given today, whether for personal or business use. But along with these in-the-moment interactions comes a bit of risk (sometimes more), including for business leaders. Findings from a new online poll of 1,000 Canadians indicate that social media is […]
By Angela Stelmakowich, Editor | September 2, 2016
Social media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for executives dealing with digital disruption, released the poll results of 1,000 Canadians on Wednesday. The […]
By Canadian Underwriter | August 31, 2016
The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core Insurance, suggested in a presentation Tuesday. “We really believe there’s going to be more change […]
By Jason Contant | August 31, 2016
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