Canadian Underwriter

Keyword
Internet of Things

News InsuranceTechnology

Cyber threat landscape growing, potential for emergence of destruction of service attacks: Cisco

July 20, 2017 by Canadian Underwriter

The potential for “destruction of service” (DeOS) attacks is greatly concerning and organizations would be well-advised to adopt a proactive cyber stance in their protection efforts to combat increasingly sophisticated attackers, warns a new report from Cisco. “Cyber incidents such

News InsuranceMarkets / CoveragesProductsTechnology

North America world’s most advanced smart home market: Berg Insight

July 14, 2017 by Canadian Underwriter

North America is the world’s most advanced smart home market, with an installed base of 21.8 million smart homes at the end of 2016 – a 47% year-on-year growth, according to machine-to-machine (M2M) and Internet of Things (IoT) analyst firm

News InsuranceTechnology

Some CEOs, enterprises missing the boat on mobile technology: SOTI study

July 7, 2017 by Canadian Underwriter

Efforts to manage mobile transformation continues to be a struggle for some interviewed enterprises, with almost a third reporting they are not investing in mobile technology, notes a new study released Thursday by SOTI Inc. Commissioned by SOTI and conducted

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Incremental disruption in insurance industry “like death by a thousand cuts”: Insurance Analytics Canada speaker

June 30, 2017 Jason Contant, Online Editor

The insurance industry has been very incremental in dealing with disruption and needs a drastic shift from historical analysis to predictive, future risk models, a speaker suggested on Wednesday at the Insurance Analytics Canada Summit. “You cannot disrupt with incrementalism,”

News Commercial LinesInsurancePersonal LinesTechnology

Customers in driver’s seat, geared up for experimenting with insurance offerings: webinar

June 29, 2017 by Angela Stelmakowich

Customers want to be in the driver’s seat and, increasingly, that is something insurance providers should want as well, Ellen Carney, principal analyst for e-business and channel strategy at U.S.-based research and advisory firm Forrester, suggested during a Centre for

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

Majority of global financial institutions to ramp up transformation initiatives over next year, Accenture survey finds

June 26, 2017 by Canadian Underwriter

An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12

News Commercial LinesInsuranceLegalMarkets / CoveragesTechnology

Retailers could lose US$71 billion from fraudulent card-not-present transactions in next five years: Juniper

June 21, 2017 by Canadian Underwriter

A number of factors, including click-and-collect fraud, have been identified as contributing to Juniper Research’s forecast that retailers stand to lose US$71 billion globally from fraudulent card-not-present (CNP) transactions over the next five years. Part of a new research issued

News InsuranceMarkets / CoveragesTechnology

Global Internet of Things market expected to grow to US$561 billion by 2022: report

June 8, 2017 by Canadian Underwriter

The global market for the Internet of Things (IoT) is expected to grow from US$170.57 billion in 2017 to US$561.04 billion by 2022, according to a new market research report published this week by MarketsandMarkets. The market research firm said

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Brokers present ideas for innovative technologies at Aviva Canada’s BrokerTech Launchpad

June 1, 2017 by Canadian Underwriter

Aviva Canada announced on Wednesday that it has received its first presentation of ideas from its BrokerTech LaunchPad pilot program, “a program that gives insurance brokers the opportunity to present their ideas for technologies to disrupt, transform and lead the

News InsuranceMarkets / CoveragesPersonal LinesTechnology

Willis Towers Watson and Roost to establish home telematics consortium of 5-10 U.S. carriers

May 31, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) announced on Wednesday that it has entered into an agreement with Roost, an innovator in smart home technology, to establish a “home telematics consortium” of five to 10 insurance carriers. WTW, the global advisory, broking and

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Technological change and cyber risk overtake regulation as top risks for global insurers: study

May 31, 2017 by Canadian Underwriter

The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of

News CatastrophesInsuranceTechnology

Lack of oversight regarding security of third-party IoT implementation: survey

May 31, 2017 by Canadian Underwriter

A gap in understanding how best to mitigate and communicate risks around the Internet of Things (IoT) persists despite organizations reporting high concern about related security, notes a new report from Ponemon Institute and Shared Assessments Program. Released Wednesday, The