Blog

Digital transformation is not about a singular approach and letting go of past successes,
but rather the meshing of the old and new to achieve optimal peak performance.

- Mark Weir

Jan 31, 2018 |

What Successful Digital Transformations Have in Common

Technological innovations have radically transformed the business landscape in many ways over the last two centuries, from the introduction of steam power to the market conquest of radial-ply tires. Research by McKinsey & Company and the McKinsey Global Institute shows that digitization is having the same radical impact. In particular, our research shows how digitization can significantly hurt incumbent firms in many industries — depleting as much as half the revenue growth and one-third of earnings before interest and taxes (EBIT) growth of companies that neglect to embrace digital innovations.

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Oct 22, 2017 |

Lloyd’s market responds to recent natural disasters around the world

Last month was one of the most active months of any Atlantic hurricane season. Irma and Maria both impacted the Caribbean and US in September, regions already badly hit by the force of Harvey just a week earlier.

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Oct 22, 2017 |

Canadians lose millions every year from identity theft and online scams

October 2, 2017 (Toronto, ON) – In 2016 alone, Canadians lost $40 million due to online scams. Millennials and Generation Z in particular have become natural targets because of their strong presence on social media. Online security breaches and identity theft are on the rise, which is why Aviva Canada is stepping up to help educate people on how to protect themselves and their families. Watch this eye-opening and interactive video to learn tips on how to avoid various theft tactics such as online scams and “skimming” – when thieves install a fake credit card reader to steal numbers and record PINs with small cameras.

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Oct 22, 2017 |

Average cyber breach costs US$394,000, higher in financial services sector: NetDiligence

The aggregated average total breach cost of a cyber event is US$394,000, with an average claim for a large company of US$3.2 million, a new report from NetDiligence has found. NetDiligence, a provider of cyber risk readiness and response services, outlined the figures in its seventh annual 2017 Cyber Claims Study, released earlier this week. The study calculates actual losses for data breach events covered by cyber liability insurance carriers.

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