Tech
Think it’s just your clients that can get tricked into revealing personally identifiable information (PII)? Not always. A recent experiment has shown that even tech-savvy individuals are willing to provide PII without due diligence. A Vancouver-based global identity and business verification company decided to conduct an online fraud experiment during International Fraud Awareness Week, which […]
By Jason Contant | November 20, 2018
3 min read
Business executives in Canada and the United States say economic risk (21%) is their primary concern, followed closely by cyber risk (20%) and technology risk (16%). CNA Hardy released its first global Risk and Confidence Survey Monday. While over two-thirds of business leaders expressed confidence in the ability of their businesses to grow and prosper, […]
By Jason Contant | November 19, 2018
More Insurtech products – in addition to coverage for overnight home rentals – could be coming down the pipe from the recently-launched Duuo, a speaker with Slice Labs Inc. reports. Coverage for homeowners listing their place on sites like Airbnb – dubbed Duuo by Co-operators – is just the “initial product” in Slice Labs’ partnership with […]
By Greg Meckbach | November 15, 2018
Before deciding whether to buy the latest and greatest technologies, a broker need to understand what problem that technology is actually going to solve, speakers said during a recent technology conference. “A lot of people are trying to sprinkle insurtech on to their business to revolutionize it or make it modern or relevant,” said Adam […]
By Greg Meckbach | November 13, 2018
The Canada-wide data breach law, which has been in effect for two weeks, is pushing businesses manage cyber risk more effectively, a computer security expert says. The federal Digital Privacy Act makes it mandatory for clients to disclose data breaches if they pose a “real risk of significant harm.” Passed into law in 2015, DPA […]
2 min read
Could vehicle collision frequency drop once fifth-generation (5G) cellular wireless technology rolls out in Canada? 5G wireless can allow vehicles talk to each other, said Peter Linder, head of 5G marketing for North America at Telefonaktiebolaget LM Ericsson. “You can start using the network for communication between cars, so for collision prevention and stuff like […]
By Greg Meckbach | November 12, 2018
Brokers moving towards a paperless office should watch how much time their staff spend scanning documents. “There is a big difference between scanning for personal use and scanning for business,” said Steve Oblin, senior marketing manager for Fujitsu Canada Inc.’s Imaging Group. In an interview this past Wednesday, Oblin offered three tips for brokers wanting […]
By Greg Meckbach | November 9, 2018
The possibility exists of a global, widescale, multi-country cyber security breach. To get a true sense of their overall exposure, Canadian property and casualty insurers should be reviewing all of the policies they sell – not just dedicated cyber policies, but also the property and liability contracts that do not explicitly exclude cyber coverage. “That’s […]
By David Gambrill | November 8, 2018
TORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third quarter, according to analysis by an email security firm. Vade Secure’s research shows that during […]
By Greg Meckbach | November 8, 2018
Operations
The holy grail for brokers, of having their computers talk directly to carriers’ computers, is “going to happen,” an InsurTechTO speaker suggested Wednesday. “The big area of inefficiency is still duplicate entry,” Michael Loeters, senior vice president of commercial insurance at Prolink Insurance Inc., said Wednesday during an InsurTechTO panel in Toronto. Loeters was referring […]
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