Tech
Do your workers spend hours typing information from paper forms into the computer? There are ways of automating this. “Nowadays, you probably have documents coming in and you put them on the scanner. When you are going to put them into whatever system, you want to be looking for the system to have some ability […]
By Greg Meckbach | May 30, 2019
3 min read
If you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years, and that is a conservative estimate,” said Kristine D’Arbelles, senior manager of public affairs for […]
By Greg Meckbach | May 29, 2019
Not only is the frequency of ransomware attacks skyrocketing, attackers are targeting larger organizations and demanding higher ransom payments. Specialist insurer Beazley released its Beazley Breach Insights report for May last week, finding that ransomware attack notifications against clients increased 105% in the first quarter of 2019 compared to one year earlier. There was also […]
By Jason Contant | May 29, 2019
2 min read
Operations
CORRECTION NOTICE: In an earlier version of this story, Glen L.C. Noel was incorrectly identified as a lawyer representing Lloyd’s in Lawlor v. Royal. In fact, Noel represented Mary Lawlor in that case. Canadian Underwriter regrets the error. Glen L.C. Noel, a long-time partner with Atlantic Canada law firm Cox & Palmer, is now a […]
By Greg Meckbach | May 27, 2019
4 min read
Brokers advising their clients on cyber security will want to take note of new research that identified nearly 100 malicious email campaigns that were specifically targeted at Canadian organizations or were customized for Canadian audiences. “Much of this is due to Emotet,” said a blog Thursday from cyber security company Proofpoint, referring to a type […]
By Jason Contant | May 27, 2019
A family-owned brokerage in New Brunswick has become the latest brokerage to get into the employee benefits space. Personal and commercial lines brokerage Vienneau Insurance announced earlier this week that it has expanded its commercial insurance offering by acquiring the employee benefits division of Dieppe, N.B.-based financial planning firm RoyByrns and Associates. Some traditional P&C […]
By Jason Contant | May 24, 2019
A question posed at a recent event asked how many of the approximately 30 people in the room had ever been part of an acquisition or merger. Almost every hand went up. It seems just about every broker has been part of an acquisition or knows someone who went through it. It can be a […]
By Adam Malik | May 23, 2019
While online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote tailored to their client’s unique risk profile, as well as coverage variations most commonly requested […]
By Jason Contant | May 23, 2019
Finding a business is much simpler these days. Rather the fishing around for the yellow pages, dropping it with a loud thud on a desk and flipping through the pages, people opt for a much simpler approach – Google. Anyone in the market for a broker is likely opening the world’s biggest search engine and […]
By Adam Malik | May 22, 2019
The controversy over telecommunications equipment from Chinese manufacturer Huawei is just the tip of a large cyber risk iceberg, an Internet security expert warns. “The question is, should we trust the country in which the company whose products and services you are using resides in?” said Bruce Schneier, a special advisor to IBM Security, during […]
By Greg Meckbach | May 22, 2019
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