Tech

Who are the ‘right people’ to respond to cyber incidents?

Properly-trained employees are critical to managing cyber risk, especially with the nation-wide breach reporting law taking effect this fall, brokers and risk consultants told insurance professionals at a recent conference. On November 1, several new sections – including one mandating privacy breach reporting – of the federal Personal Information Protection and Electronic Documents Act take […]

By Greg Meckbach | April 19, 2018

2 min read

To cover or not to cover crime on a cyber policy

Do elements of cybercrime, such as social engineering fraud and phishing scams, belong on a traditional crime insurance policy or should they be part of a cyber policy? The answer to that question depends on which carrier you ask. “There’s some debate in the market between carriers as to whether they still belong on a […]

By Jason Contant | April 19, 2018

2 min read

Former IBAS president Wasylenko acclaimed to CSIO board

Sheldon Wasylenko is among the brokers acclaimed Tuesday to the board of directors of the Centre for Study of Insurance Operations (CSIO). Wasylenko previously served as president of the Insurance Brokers Association of Saskatchewan. He also serves on the board of the Insurance Brokers Association of Canada (IBAC), which recruited him as technology champion. By […]

By Greg Meckbach | April 18, 2018

2 min read

Which insurance carriers are no longer using Z-codes to denote coverage

More than a dozen Canadian property and casualty insurers are using standardized codes to denote coverages, endorsements and discounts in broker’s databases. Thirteen insurer members of the Centre for Study of Insurance Operations ‘are now 100% standards-compliant,” meaning they are no longer using Z-codes, CSIO president and chief executive officer Catherine Smola said Tuesday. CSIO […]

By Greg Meckbach | April 18, 2018

3 min read