Tech
Taking a multi-layered approach to cyber security – including authentication – is likely the most important single thing to help combat access that then results in data breaches, David Ostertag, global investigation manager for Verizon’s investigative response unit, advised last week during a media briefing in downtown Toronto. Ostertag is often asked about the single […]
By Angela Stelmakowich | July 4, 2017
4 min read
There are “all sorts of insights” that an insurance brokerage can get from customer data, but that data needs to be trustworthy, the head of an online commercial insurance brokerage told attendees at a recent conference. “If you don’t have data, go capture the data,” said Sam Natur, president and chief executive officer of Mississauga, […]
By Jason Contant | July 3, 2017
HR
The insurance industry has been very incremental in dealing with disruption and needs a drastic shift from historical analysis to predictive, future risk models, a speaker suggested on Wednesday at the Insurance Analytics Canada Summit. “You cannot disrupt with incrementalism,” Pranav Pasricha, chief executive officer at Intellect SEEC said at conference, held at the Toronto […]
By Jason Contant | June 30, 2017
3 min read
Manufacturing is witnessing a significant hike in internal cyber threat actors linked to nation state schemes to disrupt operations and allow chosen businesses to gain competitive advantage and market share, David Ostertag, global investigation manager for Verizon’s investigative response unit, suggested Wednesday during a media briefing in downtown Toronto. Not only is the development concerning, […]
By Angela Stelmakowich | June 30, 2017
Customers want to be in the driver’s seat and, increasingly, that is something insurance providers should want as well, Ellen Carney, principal analyst for e-business and channel strategy at U.S.-based research and advisory firm Forrester, suggested during a Centre for Study of Insurance Operations (CSIO) webinar Tuesday. Clearly, “customers are in the driver’s seat now,” […]
By Angela Stelmakowich | June 29, 2017
Mobile telematics data, while sometimes providing “noisy,” or meaningless information, can also offer rich insights on distracted driving that could impact loss trends, a speaker suggested on Wednesday at the third annual Insurance Analytics Canada Summit in Toronto. Ted Gramer, chief executive officer at Boston, Mass.-based TrueMotion, a mobile telematics data science company, said that […]
By Jason Contant | June 28, 2017
There appears to be a divide between middle-market companies fully expecting that disruption will unfold and taking concrete steps to address whatever risk that change may bring, suggest findings of a new study from New York-based Capital One Commercial Bank. Conducted from Apr. 12 to May 8, the study reflects views on disruption in the […]
By Canadian Underwriter | June 28, 2017
One month after the massive global WannaCry ransomware attack, “a new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across the world, hitting companies and governments in Europe especially hard,” the Associated Press reported on Tuesday. Officials in Ukraine reported serious intrusions of the country’s power grid as well […]
By Canadian Underwriter | June 27, 2017
Determining where a company should put its digital dollars can be a challenge. Ultimately, mapping potential digital investments to strategic objectives can help an insurer prioritize investments and set a solid foundation for current and future developments.
June 27, 2017
An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12 months, primarily due to cost pressures, new regulations, increased customer expectations and digital disruption. The […]
By Canadian Underwriter | June 26, 2017
2 min read
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