Canadian Underwriter

Topic
Technology


News InsuranceLegalMergers and AqcuisitionsTechnology

Lost or stolen devices account for one-quarter of breaches in U.S. financial services sector: study

September 1, 2016 by Canadian Underwriter

Lost or stolen devices accounted for one in four breaches in the financial services sector in the United States, according to a recent study from Bitglass, a total data protection company based in Campbell, Calif. The Silicon Valley cloud access

News InsuranceProfessional DevelopmentTechnology

Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds

August 31, 2016 by Canadian Underwriter

Social media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

38 road deaths from distracted driving investigated year to date: OPP

August 31, 2016 by Canadian Underwriter

The Ontario Provincial Police recently suggested that so far this year, it has investigated 38 road deaths in which a distracted driver was involved. “As of mid-August, the OPP has investigated 38 road deaths in which an inattentive driver was

News InsuranceProfessional DevelopmentTechnology

Industry must innovate or become irrelevant, conference speaker cautions

August 31, 2016 Angela Stelmakowich, Editor

The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core

News InsuranceProfessional DevelopmentTechnology

Customer expectations require carriers to move to digitalization

August 31, 2016 Angela Stelmakowich, Editor

There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s

News InsuranceProfessional DevelopmentTechnology

Speed trumps quality for insurers working on digital experience: Executive Forum Speaker

August 30, 2016 Greg Meckbach, Associate Editor

Insurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations,

News InsuranceMergers and AqcuisitionsTechnology

Takata troubles worsen as truck explodes, kills Texas woman

August 30, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The

News InsuranceMergers and AqcuisitionsTechnology

Adaptation key for insurance industry to remain relevant in a driverless world: LexisNexis

August 30, 2016 by Canadian Underwriter

The insurance industry will face some real challenges as driverless cars further develop, with just 26% of polled individuals in the United Kingdom expecting to be served by the industry as it stands today if they owned a driverless car.

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

FAA forecast: 600,000 commercial drones within the year

August 29, 2016 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – There will be 600,000 commercial drone aircraft operating in the U.S. within the year as the result of new safety rules that opened the skies to them on Monday, according to a Federal Aviation Administration estimate. The rules

News InsuranceMarkets / CoveragesTechnology

Global IT spending forecast to reach US$2.7 trillion in 2020, led by financial services, manufacturing and healthcare

August 29, 2016 by Canadian Underwriter

Worldwide revenues for information technology products and services will grow from nearly US$2.4 trillion in 2016 to more than US$2.7 trillion in 2020, according to the International Data Corporation (IDC). A newly published update to the Worldwide Semiannual IT Spending

News CatastrophesInsuranceTechnology

Saskatchewan working to develop comprehensive flood risk assessment

August 28, 2016 The Canadian Press

REGINA – The Saskatchewan government is developing a provincial flood and natural hazard risk assessment. Emergency management commissioner Duane McKay says risk assessments have been done in several areas of government and by municipalities, but acknowledges there’s no province-wide plan.

News InsuranceMergers and AqcuisitionsTechnology

Frank Cowan introduces drone endorsements for liability and property policies

August 28, 2016 by Canadian Underwriter

Frank Cowan Company announced on Friday that its liability and property policies can now be enhanced with endorsements to cover drones. The Princeton, Ont.-based managing general agent said in a statement that the drone/unmanned aerial vehicle (UAV) coverage “is intended