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An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12 months, primarily due to cost pressures, new regulations, increased customer expectations and digital disruption. The […]
By Canadian Underwriter | June 26, 2017
2 min read
More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy consulting business. Overall, 19% of the world’s top 2,500 companies have appointed a CDO, Strategy& […]
3 min read
A little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a solid defence against cyber attacks requires considering the people side of the equation, said Echols, […]
By Canadian Underwriter | June 22, 2017
Arch Reinsurance Company announced on Friday that François Dagneau will be appointed to the position of chief executive officer of its Canadian branch this month. Dagneau will replace Patrick McGuiness, who is retiring from Arch, the company said in a press release. Dagneau joins Arch Re’s Canadian operations with more than 25 years of experience, […]
By Canadian Underwriter | June 16, 2017
The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company announced on Friday that they have created a working group to explore ways for brokers to integrate Intact’s new online Client Centre with their existing systems. This newly-formed group between Intact and IBAO’s Technology Committee will examine ways brokers can integrate the Client Centre […]
The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on Wednesday. “In your careers, personal and commercial auto (insurance) business will be gone,” as it’s […]
By Canadian Underwriter | June 15, 2017
Companies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new survey from BDO Canada. The findings were published in the latest Global Risk Landscape Report, […]
By Canadian Underwriter | June 14, 2017
More than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities and analytics. The XL Catlin-sponsored study titled Operationalizing Digital Transformation: New Insights into Making Digital […]
Following the success of Aviva Pitch Day in 2016, Aviva Ventures announced on Tuesday that it will continue to invest in high potential digital startups around the globe. With $170 million to invest globally over the next four years “in digital startups that will help shape the future of insurance,” Aviva Canada will be hosting […]
By Canadian Underwriter | June 13, 2017
Nearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a new survey by global advisory, broking and solutions company Willis Towers Watson (WTW). The findings, […]
By Canadian Underwriter | June 6, 2017
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