The buzz around blockchain is growing louder. An almost consensus-like agreement that it could benefit the insurance industry, though, must be balanced by what can only be described as an incomplete understanding of its workings and potential. That said, understanding is growing in step with an apparent openness to partner and explore.
February 1, 2017
10 min read
Global connectedness means companies, including those in Canada, need a robust data recovery plan to protect data critical to their business operations. Still, many companies do not even have such plans in place.
February 1, 2017
6 min read
Mainframes have proved essential over the decades for insurers needing to run core applications. But are these once-reliable units becoming a hindrance to innovation? Is modernization of mainframes essential for the global insurance industry?
February 1, 2017
5 min read
The Canadian collision industry will be “ripped apart beyond belief” in a decade by several disruptors, including connected autonomous vehicles and ridesharing, a speaker suggested Friday at the Canadian Collision Industry Forum (CCIF) meeting in Vaughan, Ont. Andrew King, managing partner at Desrosiers Automotive Consultants Inc., discussed “soft” and “hard” disruptors during a session titled […]
By Jason Contant | January 27, 2017
2 min read
The Transportation Safety Board of Canada reiterated Wednesday its recommendation for “additional physical defenses” on railways in case crews fail to obey signals. On Sept. 6, 2015, a Canadian Pacific freight train enroute from Revelstoke, B.C. to Saskatchewan hit a westbound freight train near Beavermouth, B.C. TSB reported that no one was injured. The westbound […]
By Canadian Underwriter | January 26, 2017
5 min read
Beazley, a provider of data breach response insurance, said in a report on Thursday that ransomware attacks quadrupled in 2016 and they are projected to double again in 2017. Beazley released its Beazley Breach Insights – January 2017 findings based on its response to client data breaches in 2016. The specialized Beazley Breach Response (BBR) […]
By Canadian Underwriter | January 26, 2017
2 min read
Eight out of ten consumers in the United States have a home data network and more than one-third connect entertainment systems, gaming consoles and other smart devices to the Internet, increasing the risk of home cyberattacks, according to a new study. The survey, by Zogby Analytics for the Hartford Steam Boiler Inspection and Insurance Company […]
By Canadian Underwriter | January 25, 2017
2 min read
Robo-technology is expected to be part of the mix for most polled U.S. financial firms looking to enhance their existing service models, suggest a new survey from Vestmark, Inc. Feedback was captured during a webinar last month attended by 150 asset managers, consultants, broker dealers, registered investment managers and other financial firms, and hosted by […]
By Canadian Underwriter | January 25, 2017
2 min read
PARIS – In a city hit by chronic pollution and traffic problems, Paris officials are experimenting with a self-driving shuttle linking two train stations in the French capital. Two electric-power EZ10 minibuses, which can carry up to six seated passengers, were put into service Monday and will be tested until early April between the Lyon […]
By Jason Contant | January 25, 2017
2 min read
Aon Global Risk Consulting announced on Tuesday its Cyber Captive Program, which guides companies through a series of steps to help identify, assess and quantify their cyber exposures – “ultimately making more informed decisions around risk retention in a captive as well as providing broad form risk transfer capacity of potentially up to US$400 million.” […]
By Canadian Underwriter | January 24, 2017
2 min read