Tech
HEADINGLEY, Man. – An Indigenous child welfare authority in Manitoba has called in the RCMP after being hit by a cyberattack that’s corrupted its computer files and potentially compromised the privacy of its clients. Southern First Nations Network of Care spokesman Jim Compton said the organization’s IT department has been trying to restore service since […]
By The Canadian Press | November 25, 2019
2 min read
As an increasing number of your clients come from cohorts younger than Generation X, the availability of non-traditional insurance products is going to increase, an insurtech industry watcher suggests. “I think we are increasingly going to see the development of some new innovative products – whether you call them on demand or you call them […]
By Greg Meckbach | November 19, 2019
When trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The risks for your company will vary depending on the path you choose. Insurers will need […]
By Jason Contant | November 18, 2019
3 min read
Emerging tech companies are entering a new world of vicarious liability that may not be covered under traditional E&O policies
By Jason Contant, Online Editor | November 16, 2019
IQALUIT, Nunavut – The Nunavut government is slowly returning to normal nearly two weeks after its computer systems were paralyzed by a cyber attack. Dean Wells, the territory’s chief information officer, says departments are beginning to come back online. Government employee paycheques are expected to be delivered Friday as normal. All Nunavut government computers were […]
By The Canadian Press | November 15, 2019
1 min read
Insurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial intelligence, speakers said Wednesday at an industry event. The rich dataset collected from IFRS 17 requirements can open this whole new world for insurers, attendees heard Wednesday at […]
By Jason Contant | November 15, 2019
Operations
Commercial brokerages are going to have to start buying the same data on commercial flood risk that insurance carriers are already buying, says a Toronto commercial broker. Insurers tend to have data on the claims history of commercial property, and they supplement that data with information from municipalities, said Michael Loeters, senior vice president for […]
By Greg Meckbach | November 13, 2019
Insurance companies can capture the following three benefits by transforming their business model and modernizing their core IT systems, according to a new paper from management consulting firm McKinsey & Company. Other benefits of IT modernization can include lower loss adjustment expenses through automation and increased accuracy of claims handling – for example, by connecting […]
By Jason Contant | November 12, 2019
IQALUIT, Nunavut – The government of Nunavut is still struggling with computer systems paralyzed by a cyber attack last weekend. “Network recovery is ongoing as the (territory) works to uncover information, prepare recovery plans and work on department priorities,” said a government statement. Early Saturday morning, the government’s entire computer system went dark after a […]
By The Canadian Press | November 7, 2019
When a corporate client’s policy is up for renewal, it can take a lot of time and effort to get a claims run request, a Toronto commercial broker suggests. The commercial claims run is a report, on a client, showing data such as what claims have been reported, what claims are still open, what claims […]
By Greg Meckbach | November 7, 2019
4 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
