By Aaron Davidson, CEO, Relay Platform — The cyber threat landscape is rapidly changing and presents an ever-growing challenge to mitigate risks with the right coverage. The complexity of the threat landscape continues to grow as new attack strategies are identified with alarming regularity. This guide will cover all the basics of cyber insurance and... Read more » The post A Beginner’s Guide to Cyber Insurance & Risk Management appeared first on Insurance-Canada.ca ..read more

By SortSpoke — The Property and Casualty (P&C) insurance sector faces many complex challenges. Inflation, climate change and social unrest have led to increasing losses, and a hardening reinsurance market makes it more difficult than ever to sustain growth. No wonder P&C carriers worldwide are looking for new, agile approaches to doing business. For many,... Read more » The post Artificial Insurance Trends in Insurance appeared first on Insurance-Canada.ca ..read more

By Jim Vecchio, J.D. Power — The insurance industry needs dynamic auto pricing symbols.  At last month’s Casualty Actuarial Society’s (CAS) Ratemaking, Product & Modeling (RPM) seminar in New Orleans, I had the opportunity to join Martin Ellingsworth from Salt Creek Analytics and Liam McGrath and Clayton Spinner from WTW for a panel discussion around... Read more » The post Simplifying Risk Analysis with VIN Data: A CAS Seminar Recap appeared first on Insurance-Canada.ca ..read more

Iryna Lozynska, Product Innovation Strategist, HSB Canada — Iryna Lozynska, Product Innovation Strategist New Solutions, helps us understand three emerging risks facing businesses and consumers, walking us through the most important macro trends she feels have implications for the risk landscape and insurance industry. 1.    Hiring and employment regulation is becoming more complex Businesses... Read more » The post Three Important Macro Trends Shaping Risk appeared first on Insurance-Canada.ca ..read more

Erik Bahnsen, Industry Analyst, CCC — It’s no secret that we’re in the midst of a uniquely challenging time for personal auto insurers due to a convergence of factors including risky driving and significant increases in the cost of auto repair/replacement, labor, and medical bills. The industry has reacted to those challenges with unusually steep... Read more » The post Behind the Wheel: Navigating Hard Market Challenges in the Personal Auto Insurance Industry appeared first on Insurance-Canada.ca ..read more

By Meredith Barnes-Cook, Partner, Resource Pro Consulting — It has been quite a year for property & casualty personal lines carriers in the U.S., and the implications are showing in their strategic priorities for 2024. Last year, ReSource Pro’s Strategic Initiatives research revealed the key business drivers for technology investments: customer expectations and growth. A... Read more » The post Tough Times Call for New Priorities for P&C Personal Lines Carriers appeared first on Insurance-Canada.ca ..read more

By John Roberts, General Manager, Security, Coalition Inc. — Small businesses are at a significant disadvantage when it comes to protecting against cyber risk. They often lack the necessary resources — time, money, expertise, and technology — to continuously shield themselves from the increasing risk of cyber attacks. Such a lopsided battle has prompted cyber... Read more » The post Coalition is Now Offering Premium Credits to MDR Customers appeared first on Insurance-Canada.ca ..read more

by Stephen Applebaum and Alan Demers — Data privacy is a sprawling, multi-faceted, complex, and controversial issue which means different things to different audiences but has serious implications for businesses and consumers alike. And it is sure to continue to grow exponentially with the explosive adoption of data-driven technology and digitization which will drive ever... Read more » The post Data Privacy’s Dirty Little Secrets: Big Implications for the Auto Insurance Ecosystem appeared first on Insurance-Canada.ca ..read more

By Heather Turner, ReSource Pro — The Consumer Electronics Show (CES) has long been a beacon for groundbreaking innovations, showcasing the latest advancements in technology across various industries. This year was no different, but one topic stood out in particular. A major focus at CES 2024 was the new technologies addressing human security needs, from... Read more » The post CES 2024 And The Tech Revolutionizing Human Security appeared first on Insurance-Canada.ca ..read more

By Mark Breading, ReSource Pro — Every year at this time, we are treated to many articles, videos, and news accounts of the developments at CES, formerly known as the Consumer Electronics Show. The event long ago expanded beyond just consumer tech to tech relevant to businesses and individuals alike. This year, you may have... Read more » The post Tech Advances and Cool Products at CES 2024: Does it Matter to Insurance? appeared first on Insurance-Canada.ca ..read more