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Using digital identification to tackle fraud

Visibility360, PDF version to share

By Kate McCaffery | Oct. 11, 2023, 10:39 a.m.

Photo: rawpixel

With some provinces creating standards, those working in the space call for entities to move together.

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Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

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Flash

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Wholesalers have growth ambitions

ATB

ATB Financial publishes Alberta economic outlook

Penalties, costs and disgorgement exceed $5.9-million in misappropriation case

FP Canada announces top three June exam challengers

Alberta recovery uneven

Distribution

Casualty rates excluding auto liability decline at the start of 2024

Direct simplified issue offerings benefit advisors eventually

Income inequality gap widens in 2023

Your client’s concerns in 2024

Special risks

Natural catastrophe losses globally exceed $43-billion

Quebec flood zone map raises concerns even before its release

Agent who defrauded retired couple banned from securities registration

National Flood Insurance Program promised again in budget

Strategy

Harnesssing group insurance data: The Power of statistics

Race to insure electric vehicles could change the industry

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

Technology

Embracing artificial intelligence is crucial for industry

A veteran of the Client Management Software industry returns

Insurers warned that technology experimentation is needed to reap benefits

Rep fined for selling personal cryptocurrency assets to clients

Analytic

Tips for increasing your firm’s value

Insurers pushing their limits in accelerated underwriting

New tool available to help municipalities mitigate flood risk

Pension funding rises in March

Artificial intelligence

Generative artificial intelligence expected to increase small-scale cyber attacks

Executives think generative artificial intelligence will deliver gains over 30 per cent

Regulator publishes Ransomware Response Playbook for member firms

ChatGPT expected to have a positive impact on advisor productivity

Fraud

Mutual fund rep fined close to $1.7-million

Sanctions for pre-signed forms levied against former Fredericton rep

Claim exaggerations are the most common form of fraud

The number of stolen vehicles in Canada remained stable in 2023