Insurable Interest Canadian Insurance Blog

Preemptive approach to cybersecurity showcased at RSAC USA Waterloo, ON (May 6, 2024) – OpenText™ is pleased to announce new advancements to protect organizations against the ever-growing complexity of cyber threats. As the threat landscape continues to evolve, security teams face the challenge of securing every element of their IT environment. OpenText remains committed to preemptive cybersecurity measures, introducing innovations that prioritize customer value by enhancing threat intelligence and proactive defense capabilities. Empowering organizations with unparalleled threat intelligence Adversarial signals threat intelligence helps security teams be more proactive, enabling them to take effective, data-driven actions to prevent cyberattacks before they occur. It can also help an organization detect and respond to attacks in progress faster. OpenText cyDNA represents a significant step forward in adversarial signals threat intelligence, offering unparalleled visibility and early-warning insights into cyber threats that transcend traditional perimeters. Unlike conventional threat intelligence that focuses on generalized threat activity, cyDNA adversarial signals threat intelligence is unique in that it tells exactly what is happening (not what might happen). By analyzing internet signal traffic directed at organizations and their supply chains, cyDNA delivers actionable insights into threat origins and targets – tracking threat actors across an organization’s assets and identifying...

Montreal, QC (Apr. 23, 2024) — Blanket Life, a digital-first insurance provider and online broker of life insurance and property & casualty insurance products, is pleased to announce the launch of its Simplified Issue Term life product in partnership with Humania Assurance. “We are delighted about our collaboration with Humania to bring this exciting term product to life for Canadian families” said Elizabeth Leah Lipkowitz, Founder and Chief Product officer of Blanket. “This product has competitive pricing in line with fully underwritten products and requires no medical exams. It has never been so easy, accessible or affordable to buy term life insurance. Families can sleep easy in less than 5 minutes knowing they are covered with a product and carrier they can trust.” The launch of this new Canadian product fits into Blanket’s strategy to digitize insurance products and make the purchase of insurance more seamless. “We are eager to deploy our innovative simplified issue term life product and continue our journey to digitize the insurance world while responsibly protecting families with coverage they can count on” Lipkowitz continued. “This marks the first step on our life insurance road in Canada to simplifying the way people protect what matters most...

Armonk, NY (May 9, 2024) – IBM has announced the availability of IBM Copilot Runway, a new offering from IBM Consulting designed to help enterprises create, customize, deploy and manage copilots including Copilot for Microsoft 365. With the new offering, clients will be able to seamlessly integrate copilots’ generative AI into their organizations in order to enhance productivity and drive business success. IBM Consulting has also formed a dedicated practice of consultants with Microsoft copilot skills, credentials and expertise to guide clients on their AI transformation journey. As part of the new offering, IBM will work with clients to build custom copilots that can be tailored to fit the needs of specific business scenarios and efficiently deployed to help reduce the time and effort often required for implementations. IBM will initially focus on helping clients across priority use cases, including customer and field service, employee experience, and procurement and finance – as well as specific industries, like financial services, retail and CPG, government, and supply chain. These use cases will include: The Procurement and Finance Contract Copilot which assists specialists in extracting valuable insights from contracts. The Customer Service and Field Service Copilot which gives agents and technicians access to...

New York, NY (May 8, 2024) – Could 2024 be the year that Generative artificial intelligence (AI) sees accelerated adoption within finance and accounting? According to a Deloitte Center for Controllership™ poll, even though few executives (6.6%) say their organizations have already implemented Generative AI solutions to support finance and accounting processes, considerably more indicate they are actively discussing use cases (15.4%) or have future plans to adopt the technology (27.8%). Looking at the next 12 months, responding executives say that cash flow forecasting (23.7%) presents the biggest opportunity for Generative AI within their organization’s finance and accounting function, followed closely by scenario planning (21.1%), expense reporting (18.1%) and financial controls management (14.1%). “Just as in any industry, there are areas within accounting and finance that could be ripe for Generative AI experimentation,” said Court Watson, a Deloitte Risk & Financial Advisory, Deloitte & Touche LLP, who specializes in AI use within controllership functions. “Processes that depend on estimations for which organizations have robust, algorithm-ready data sets — such as cash flow forecasting and scenario planning — might be ideal areas for finance and accounting teams to begin testing Generative AI use.” Data, which is the main input for Generative AI models, is the...