Insurance and innovation share common goal

insurancebusinessmag | May 27, 2019

The insurtech tide is rising. Innovation has reached such heights in Canada that incumbent or legacy insurers can no longer swim against the tide and survive. Now, the onus lies with insurance companies in Canada to surf the insurtech riptide and build partnerships and alliances in order to bring innovation to Canadian consumers.Surfing the insurtech riptidewas the theme of the Insurtech North 2019 conference, held last week in Toronto. Emcee Guy Fracker, chief innovation officer at Insurance Thought Leadership, said the theme represents the wave of insurance and risk-focused start-ups emerging in North America, as well as the budding partnerships they’re starting to build with incumbent insurance firms.

Spotlight

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matter is, cyber attacks are very often a modified version of an old attack. Whether it’s the same attack vector, same tools or the same vulnerability with a new exploitation, similar types of attacks, methods and techniques are likely to reappear in the near future and re/insurers should be prepared and on the lookout for how they can affect their portfolios,” added Golan.

Spotlight

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matter is, cyber attacks are very often a modified version of an old attack. Whether it’s the same attack vector, same tools or the same vulnerability with a new exploitation, similar types of attacks, methods and techniques are likely to reappear in the near future and re/insurers should be prepared and on the lookout for how they can affect their portfolios,” added Golan.

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Carvana | August 12, 2021

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Protective Life to Acquire AUL to Add Complementary Portfolio to Asset Protection Division

Protective Life | March 22, 2022

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