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Toyota Research Institute exploring blockchain for possible use in autonomous driving technology

May 23, 2017 by Canadian Underwriter

The Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with

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The toughest challenge for self-driving cars? Human drivers

May 11, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robotaxis. A self-driving car would be programmed to drive at the

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U.S. enterprises reporting renewed preference for in-house, domestic IT services: Clutch survey

May 4, 2017 by Canadian Underwriter

How much of a priority organizations view IT services seems to be influencing decisions around using in-house resources rather than outsourcing services to an external vendor, suggests a new survey of IT decision-makers south of the border. Released Wednesday, the

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Confusion, frustration common to BI claims can be lessened: RIMS survey

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By

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Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in

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BlackBerry expanding channels of distribution via cyber security initiative with Allied World

April 21, 2017 by Canadian Underwriter

Ontario-based BlackBerry Limited is growing its footprint in the insurance industry through a new initiative with Allied World Assurance Company Holdings in which the latter’s U.S. cyber policyholders will gain direct access to the former’s cyber security expertise through an

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Innovative technologies clustered on expectations side, most types of technology two to 10 years away: CIAA event speaker

April 19, 2017 by Angela Stelmakowich

The influence of technology will be more clearly felt in the next 10 or 15 years as opposed to the next few years, Duncan Stewart, director of technology, media and telecommunications research for Deloitte Canada, suggested during a Canadian Insurance

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Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

April 9, 2017 Jason Contant, Online Editor

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.

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Analytics single greatest disruptor to Canadian insurance industry: survey

April 4, 2017 by Canadian Underwriter

Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed

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FM Global launches worldwide flood map for commercial properties

April 4, 2017 by Canadian Underwriter

Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new

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McDonald’s Canada says info of 95,000 job applicants compromised

April 3, 2017 The Canadian Press

TORONTO – McDonald’s Canada says the jobs section of its website has been hacked, compromising the personal information of about 95,000 applicants over the last three years. The company said Friday the accessed information included names, addresses, phone numbers, employment

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Long-term data strategy will allow for making the most of the information: OMIA’s Taylor

March 31, 2017 by Angela Stelmakowich

Mutual insurers need a long-term plan to ensure they meet the twin goals of capitalizing on the opportunities that data offers and continue to staying true to serving customers, the head of the Ontario Mutual Insurance Association (OMIA) suggested Thursday.