Tech
Brokers should be advising their clients that the re-use of passwords across multiple websites and accounts could be a disaster waiting to happen, a cybersecurity specialist told Canadian Underwriter Wednesday. Lisa Baergen, marketing director of Vancouver-based NuData Security, a Mastercard Company, made her comments after an unauthorized party acquired data associated with MyFitnessPal user accounts in […]
By Jason Contant | April 5, 2018
2 min read
The women behind the slowly growing number of ride-hailing apps catering to female passengers and drivers say the hurdles they’ve had to overcome to get their services on the road demonstrate exactly why they’re necessary in the first place. Women from Halifax to Vancouver Island have tried to launch female-only alternatives to services such as […]
By Jason Contant | April 3, 2018
5 min read
Legal / Regulation
Canadians are rejecting the notion that personal lines insurance is such a complicated product that consumers are incapable of making their own insurance purchase decisions without the advice of a broker, a digital broker told Canadian Underwriter recently. “I don’t know how a carburetor works, but I can buy a car,” Scott Loong, co-founder and […]
By Jason Contant | April 2, 2018
3 min read
An AIG company has launched a pay-as-you-go travel insurance app. Travel Guard Group Canada launched the iPhone app last week to allow Canadian customers (except Quebec residents) to purchase travel insurance coverage in blocks of time ranging from one day to 90 days. GPS technology enables travelers to use the coverage from the moment they […]
Proposed regulatory changes allowing the sale of property and casualty insurance in Quebec without human intervention might actually benefit consumers and not harm them, a digital brokerage told Canadian Underwriter Wednesday. Scott Loong, co-founder and CEO of Montreal-based digital brokerage Covera Technologies Inc., said he believes consumer protection can be maintained without the requirement for […]
By Jason Contant | March 30, 2018
Insurance companies have made it a priority to modernize their operations to connect with their customers digitally, but all the work they have been doing may be tilting too far in the direction of acquiring customers, one senior Canadian P&C executive says. “When I see where people are spending, and what they are spending on, […]
By David Gambrill | March 29, 2018
Insurance organizations may be good at protecting their own clients’ data, but can they prove it? “In general, I would say that insurers are good at securing their data,” French Caldwell, a former advisor to the White House on cybersecurity, told Canadian Underwriter in an interview Tuesday. “What they may need to take a look […]
TORONTO – Imagine the fallout if the NHL was hacked and its star players – think Sidney Crosby, Auston Matthews and Connor McDavid – had their home addresses, phone numbers and other personal information made accessible online. It’s an all-too-familiar scenario for Canadian lacrosse player Kevin Crowley, who was among the victims of a data […]
By Jason Contant | March 28, 2018
Globally, commercial insurance customers are getting a great deal on cyber insurance right now, but this will only last until a major cyber incident causes a huge, one-time loss for the property and casualty insurance industry, a computer security expert warns. For every dollar that insurers make in premiums from cyber insurance globally, they are […]
By Greg Meckbach | March 27, 2018
In a sign of cooperation within Canada’s competitive P&C industry, some broker management system (BMS) providers are using APIs supplied by the Centre for Study of Insurance Operations (CSIO) to make eDelivery available to Canadian brokers using a variety of BMS platforms. CSIO president and CEO Catherine Smola said CSIO shared the application programming interface […]
By Jason Contant | March 27, 2018
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