Tech
Aon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging areas of cyber risk and related regulation,” London-based Aon said in a release. One such […]
By Canadian Underwriter | September 28, 2016
2 min read
HR
The Centre for Study of Insurance Operations announced Tuesday it has identified 50 brokerages from across Canada as CSIO technology leaders. “These brokerages have been deemed top performers because they achieved a score of 100% on their CSIO technology scorecard assessment,” Toronto-based CSIO said in a release. CSIO, which is comprised of property and casualty […]
Although insurers have often looked at the purchasing actions of Millenials, they would do best to start examining the behaviours of the following generation – Generation Z – to digitally engage their customers, attendees to the Kanetix Insights 2.0 conference heard on Tuesday. “If you are able to engage in behaviours of Generation Z, how […]
By Jason Contant | September 28, 2016
4 min read
More than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday. In the annual Travelers Risk Index, the New York City-based insurer, with Hart Research Associates, […]
By Canadian Underwriter | September 26, 2016
3 min read
Almost nine in 10 state and local government IT professionals in the United States are concerned about cyberattacks targeting critical city infrastructure, according to a study conducted on behalf of Tripwire, Inc., a provider of security, compliance and IT operations solutions for enterprises, industrial organizations, service providers and government agencies. The Tripwire 2016 Smart Cities […]
By Canadian Underwriter | September 23, 2016
Insurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a daunting task for insurers, many of whom are still managing legacy systems, to understand which […]
By Canadian Underwriter | September 22, 2016
Legal / Regulation
WASHINGTON – Obama administration officials previewed long-awaited guidance Monday that attempts to bring self-driving cars to the nation’s roadways safely – without creating so many roadblocks that the technology can’t make it to market quickly. Traditional automakers and tech companies have been testing self-driving prototypes on public roads for several years, with a human in […]
By Jason Contant | September 20, 2016
The Government of Canada announced on Tuesday that it is launching consultations on “modernizing the digital services it provides to Canadians through secure and reliable information technology.” Judy M. Foote, the Minister of Public Services and Procurement, announced in a statement that Shared Services Canada (SSC) is launching a consultation to seek feedback from Canadians, […]
By Canadian Underwriter | September 20, 2016
The Transportation Safety Board of Canada (TSB) is calling for the implementation of voice and video recorders on locomotives in Canada. The call follows the release of the TSB’s report on its safety study, Expanding the use of locomotive voice and video recorders in Canada. The study, which was launched by TSB in May 2015, […]
Almost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers. The survey of 164,421 consumers in 19 countries found that as connected insurance takes center […]
5 min read
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