Tech
A sharp rise in venture capital funding to Canadian fintechs has spawned investments in technology intended to improve property and casualty claims management, the insurance leader with PwC Canada suggests. “There has been a broad-stroke move to have significantly more investment in new distribution channels, opportunities or related technology,” Keegan Iles, national insurance consulting leader […]
By Greg Meckbach | March 3, 2020
2 min read
Nathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.
By Greg Meckbach, Associate Editor | March 2, 2020
5 min read
Operations
Capacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more hurdles now than they did before, noted Sophia Kudlyk, cyber practice leader with insurance advisory […]
By Jason Contant | February 27, 2020
3 min read
While the hardening market has taken a significant bite out of the industry’s profits, it may also be insulating brokers and insurers from competing against giant tech disruptors such as Amazon and Google for insurance sales, says a former financial adviser to Canada’s P&C industry. Neil Parkinson, now retired after 39 years as KPMG partner […]
By David Gambrill | February 27, 2020
VANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose car-sharing services over other forms of transit, how the use of their cars differs across […]
4 min read
OTTAWA – The federal privacy watchdog and three of his provincial counterparts will jointly investigate Canadian use of facial-recognition technology supplied by U.S. firm Clearview AI. Privacy commissioner Daniel Therrien says he will be joined in the probe by ombudsmen from British Columbia, Alberta and Quebec. The investigation follows media reports that raised concerns about […]
By The Canadian Press | February 25, 2020
1 min read
TORONTO – A U.S. cybersecurity company says criminal groups are exploiting fears over the new coronavirus to attack the global shipping industry. California-based Proofpoint says it has detected a new email campaign that uses Microsoft Word attachments designed to trick recipients into installing a type of malware known as AZORult. Proofpoint says criminals have been […]
By The Canadian Press | February 10, 2020
Brokers looking to achieve better connectivity with their insurer partners should focus on two core areas of their business
By Steve Whitelaw, Vice President, Industry Relations, Applied Systems | February 6, 2020
A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to program interventions,” Craig Milligan, road safety engineer and CEO of MicroTraffic, told Canadian Underwriter Friday. […]
By Jason Contant | February 6, 2020
Ransomware and privacy breaches may be among the top cyber threats on your radar, but are you aware of all of the connected manufacturing and other industrial control systems that may be at risk, a commercial insurer warns. “These production environments are highly vulnerable, in that they simply weren’t built with security in mind,” Jeff […]
By Greg Meckbach | February 4, 2020
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