Tech

Connected Consumers

Insurtechs may present a threat to established insurance providers, but an Executive Forum speaker contends that young people should be in the market for a trusted advisor

November 8, 2017

2 min read

Tech

Introducing autonomous vehicles sooner could save “hundreds of thousands” of lives over time: report

Autonomous vehicles should only have to be “moderately better” than human drivers before being widely used in the United States, an approach that could save thousands of lives annually even before the technology is perfected, according to a new report from RAND Corporation. Allowing wide use of autonomous vehicles when they are just 10% better […]

By Canadian Underwriter | November 8, 2017

4 min read

Tech

Google’s Waymo rolls out autonomous vans without human drivers

DETROIT – A self-driving car company created by Google is pulling the human backup driver from behind the steering wheel and will test vehicles on public roads with only an employee in the back seat. The move by Waymo started Oct. 19 with an automated Chrysler Pacifica minivan in the Phoenix suburb of Chandler, Arizona. […]

By Jason Contant | November 8, 2017

3 min read

Tech

Brokers succeeding with chatbots, refund portals, text messaging: InsurTechTO panel

Brokerages looking to expand should be prepared to invest in technology and think differently, but innovation does not necessarily require a huge investment, speakers suggested Monday during InsurTechTO. “Know what you want to be and how you want to get there and what that looks like for you,” said Sean Widdess, head of strategic partnerships […]

By Jason Contant | November 8, 2017

3 min read

Security experts unsure of how to combat targetted attacks: Kaspersky report

More than 60% of IT security experts are unsure of how to combat security breaches like targetted attacks, a new report on behalf of cybersecurity company Kaspersky Lab has found. The report, titled New Threats, New Mindset: Being Risk Ready in a World of Complex Attacks, found that global businesses realize a security breach will […]

4 min read

Customers now define the industry and products: InsurTechTO speaker

As technology disrupts insurance providers and companies in other industries, understanding what customers want is critical, speakers suggested Monday at InsurTechTO. “What I find most challenging about the customer side is, sometimes they know what they want and sometimes they don’t know what they want,” said Danish Yusuf, chief executive officer of Zensurance Brokers Inc., […]

By Jason Contant | November 6, 2017

3 min read

Cybercriminals capitalizing on blockchain popularity to create fraud schemes: Kaspersky

Cybercriminals are capitalizing on the popularity of blockchain technology by circulating cryptocurrency-themed fraud schemes, according to cybersecurity company Kaspersky Lab’s Spam and Phishing in Q3 2017 report. “While cryptocurrency holders search for new investment opportunities and bitcoin enthusiasts look to learn more about the benefits of going cashless, malicious actors are discovering new ways to […]

3 min read

Standardizing Codes

Insurance brokerage databases for customer insurance policies rely on computer codes to identify elements endorsements, discounts and coverages. But when different insurance companies use different codes for the same element, it can require more work from brokers wanting to analyze the data.

November 6, 2017

1 min read

Employees, employers faced with increasingly sophisticated ransomware attacks often opt to pay

The current approach to ransomware education is not sticking, with employees and employees alike opting to pay ransoms in record numbers because they do not have a firm grasp of what should be done when attacked, notes new research out of the U.S. The research shows there is a definite cost – a hefty one […]

4 min read