Canadian Underwriter

Topic
Technology

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News Commercial LinesInsurancePersonal LinesTechnology

LexisNexis Risk Solutions brings advanced analytics to U.S. telematics programs

January 24, 2017 by Canadian Underwriter

LexisNexis Risk Solutions has advanced its proprietary technology for insurance telematics programs in the U.S. to ensure the policyholder and driver are the same, contributing to a true picture of driver behaviour and improving consumer experience. “Up until now, U.S.

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News InsurancePersonal LinesTechnology

New mobile app allows policyholders to self-serve auto, property insurance policies through their mobile devices

January 24, 2017 by Canadian Underwriter

KTX Insurance Brokers Ltd. is looking to respond to consumer demand to interact online with the launch of a new mobile app that allows policyholders to access both advice from licensed brokers and self-serve their insurance policies online. Through the

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News Commercial LinesInsurancePersonal LinesTechnology

U.S. Department of Transportation designates 10 automated vehicle “proving grounds” to encourage testing of new technologies

January 23, 2017 by Canadian Underwriter

The U.S. Department of Transportation (DOT) has announced that it has designated 10 “proving ground” pilot sites to encourage testing and information sharing related to automated vehicle technologies. Former U.S. Transportation Secretary Anthony Foxx announced the designations last week before

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IoT botnets present unmanageable cyber security risk: Juniper Research

January 23, 2017 by Canadian Underwriter

The scale of embedded connectivity could lead to an unmanageable cyber security risk created by botnets, Juniper Research Limited cautioned Monday in releasing data indicating the consumer Internet of Things (IoT) installed base will reach 15 billion-plus units by 2021.

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News AssociationsCommercial LinesInsuranceLegislation / RegulationPersonal LinesTechnology

Rule-making authority essential for Ontario’s new FSRA: Cooke

January 20, 2017 by Angela Stelmakowich

Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of

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News AssociationsCommercial LinesInsuranceLegislation / RegulationPersonal LinesTechnology

Wider mandate for Ontario’s auto insurance regulator would be welcomed

January 19, 2017 by Angela Stelmakowich

A wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a

News InsuranceMarkets / CoveragesTechnology

Transportation Safety Board calls for ‘reasonable degree of survivability’ in design standards of aircraft emergency locator transmitters

January 18, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday its recommendation from October, 2016 that Transport Canada establish “rigorous crash survivability requirements” for aircraft emergency locator transmitters. TSB released Jan. 17 an investigation report into a fatal helicopter crash that occurred

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News Commercial LinesInsuranceMarkets / CoveragesTechnology

Equipment failure, cyberattacks and natural disasters top operational risks in the U.S. over the past five years: FM Global

January 18, 2017 by Canadian Underwriter

Equipment failure, cyberattacks and natural disasters have negatively affected operations at companies based in the United States over the past five years, according to a new FM Global-commissioned study on operational risks. The study, titled Finance’s Role in Operational Risk

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News InsuranceTechnology

82% of security operations centres of reviewed organizations vulnerable to cyber attack: HP

January 18, 2017 by Canadian Underwriter

Security operations centres (SOCs) south of the border are falling below target maturity levels, leaving 82% of reviewed organizations vulnerable to cyber security attacks, Hewlett Packard Enterprise (HPE) concludes in a new white paper issued Tuesday. The finding is worrisome

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News InsuranceMarkets / CoveragesPersonal LinesTechnology

Global consumers skeptical about safety of fully autonomous vehicles: Deloitte study

January 18, 2017 by Canadian Underwriter

Consumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study, What’s ahead for

News InsuranceMarkets / CoveragesTechnology

Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court

January 17, 2017 by Canadian Underwriter

A Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the

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News InsuranceProfessional DevelopmentTechnology

More than 40% of data science tasks will be automated by 2020: Gartner

January 16, 2017 by Canadian Underwriter

More than 40% of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by “citizen data scientists,” according to Gartner, Inc. Gartner, a Stamford, Conn.-based information technology research and advisory