Tech

Montreal-based insurtech startup Covera raises $1.5 million

Covera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel investors.” The seed round, which was preceded by a $500,000 pre-seed financing round in 2016, […]

By Canadian Underwriter | October 19, 2017

2 min read

Apathy towards device security key cyber risk: Kaspersky

A reliance on mobile devices and apathy towards device security have been highlighted as key cybersecurity impact areas in Kaspersky Lab’s latest Kaspersky Cybersecurity Index. The index, an aggregate of indicators reflecting changes in online behavior, found that in the first half of 2017, consumers are increasingly going mobile, older Internet users face a growing […]

By Canadian Underwriter | October 19, 2017

2 min read

Known risks and new technology such as Hyperloop can pose challenges: Munich Re

The combination of known risks with a new technology is challenging, Christian Höft, client manager with Munich Re, told Canadian Underwriter one day after the (re)insurer released a comprehensive risk analysis of the Hyperloop technology. Hyperloop Transportation Technologies’ (HTT) technology is a new form of transport which sees passengers and goods being transported in capsules […]

By Jason Contant | October 18, 2017

3 min read

The Co-operators releases privacy breach product for Canadian businesses

The Co-operators General Insurance Company announced on Wednesday a new product that provides insurance coverage and risk management solutions for Canadian businesses to help protect them from the “rapidly growing threat of privacy breach.” The coverage complements commercial insurance policies and is designed not only to cover costs associated with a privacy breach and the […]

By Canadian Underwriter | October 18, 2017

2 min read