Tech
OTTAWA – Canada and the United States are working together to make their high-tech military equipment less hackable, top defence officials said in Ottawa Thursday, but they have a lot of work to do. Speaking to the Ottawa Conference on Security and Defence, Ellen Lord, the U.S. undersecretary of defence for acquisition and sustainment, suggested […]
By Jason Contant | March 6, 2020
3 min read
The convergence of healthcare and technology could have a knock-on effect for the Canadian property and casualty insurance industry, a specialty insurer said recently. “For healthcare providers, they can largely model what the risks have been for the last 100 years because they haven’t changed,” Tim Boyce, healthcare team leader with London, U.K.-based CFC Underwriting […]
By Jason Contant | March 5, 2020
2 min read
Recent advances in cybersecurity, driven in part by a spike in venture capital funding, are helping insurers price cyber more accurately, an insurance industry consultant suggests. “There is a huge advancement around the use of artificial intelligence and advanced analytics techniques to better identify, detect, and prevent cyber intrusions,” said Keegan Iles, national insurance consulting […]
By Greg Meckbach | March 4, 2020
Operations
Brokers who can best balance online distribution with personal advice will reap the benefits in the current merger and acquisition (M&A) environment, a brokerage M&A expert noted recently. “In Canada, brokers have generally been successful in defending against pure direct insurance distribution models,” Mike Berris, a partner with Vancouver-based Smythe Advisory, wrote in a blog […]
By Jason Contant | March 4, 2020
A sharp rise in venture capital funding to Canadian fintechs has spawned investments in technology intended to improve property and casualty claims management, the insurance leader with PwC Canada suggests. “There has been a broad-stroke move to have significantly more investment in new distribution channels, opportunities or related technology,” Keegan Iles, national insurance consulting leader […]
By Greg Meckbach | March 3, 2020
Nathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.
March 2, 2020
5 min read
Capacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more hurdles now than they did before, noted Sophia Kudlyk, cyber practice leader with insurance advisory […]
By Jason Contant | February 27, 2020
While the hardening market has taken a significant bite out of the industry’s profits, it may also be insulating brokers and insurers from competing against giant tech disruptors such as Amazon and Google for insurance sales, says a former financial adviser to Canada’s P&C industry. Neil Parkinson, now retired after 39 years as KPMG partner […]
By David Gambrill | February 27, 2020
VANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose car-sharing services over other forms of transit, how the use of their cars differs across […]
4 min read
OTTAWA – The federal privacy watchdog and three of his provincial counterparts will jointly investigate Canadian use of facial-recognition technology supplied by U.S. firm Clearview AI. Privacy commissioner Daniel Therrien says he will be joined in the probe by ombudsmen from British Columbia, Alberta and Quebec. The investigation follows media reports that raised concerns about […]
By Jason Contant | February 25, 2020
1 min read
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