HR
More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy consulting business. Overall, 19% of the world’s top 2,500 companies have appointed a CDO, Strategy& […]
By Canadian Underwriter | June 26, 2017
3 min read
Tech
The cyber line of business is expected to be one of the leading growth areas within the property and casualty space in the United States, with cyber coverages estimated to increase between US$7.5 billion to US$20 billion by 2020, a new report from A.M. Best Company suggested. But despite the growth in direct premiums of […]
By Canadian Underwriter | June 23, 2017
Companies are planning to spend more on cloud computing services in 2017, but must be cognizant that anticipated costs could balloon absent appropriate monitoring and use, suggest survey results released this week by Clutch. Reflecting input from 283 IT professionals at businesses in the United States that use a cloud computing service, Clutch’s Second Annual […]
5 min read
California-based Kespry is moving deeper into vertical markets with its formal entry into the insurance sector south of the border. The move follows extensive field tests and insurance-specific improvements designed together with customers and industry leaders, reports the aerial intelligence platform provider, which develops drone hardware, software and cloud services. Kespry will now be able […]
By Canadian Underwriter | June 22, 2017
2 min read
The Transportation Safety Board of Canada is calling on the federal government to make cockpit voice recorders and flight data recorders mandatory on more aircraft and to allow use of the data in safety management systems. “In Canada, only multi-engine, turbine-powered commercial aircraft flown by two pilots and carrying six or more passengers” are required […]
A little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a solid defence against cyber attacks requires considering the people side of the equation, said Echols, […]
Canadian firms, particularly those in the telecommunications sector, may be overconfident in their cybersecurity preparedness, according to a recent survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO. For the survey, Ovum conducted telephone interviews for FICO of senior security executives at 350 companies in Canada, the United States, the […]
By Canadian Underwriter | June 21, 2017
Canada's property and casualty insurance industry is undergoing a true transformation, driven in large part by staggering advances in technology and ever-increasing demands. What will the industry look like in 10 years? And what do organizations need to do to ensure they gain a competitive advantage?
June 21, 2017
The fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in the 2017 Trustwave Global Security Report reflect, among other things, real-world data from hundreds of […]
By Canadian Underwriter | June 20, 2017
6 min read
It is not necessarily safe to use hands-free electronic devices while driving, especially when operating construction or contractor’s equipment, Northbridge Insurance suggested in a blog post Monday. Fleet managers should “include a policy on the use of wireless communication devices” in their organizations’ safety programs, Northbridge Insurance wrote in a post, titled Distracted Driving: Dealing […]
By Canadian Underwriter | June 19, 2017
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