Topic
Technology
Court orders review of Target security breach settlement
February 3, 2017 David Pitt - THE ASSOCIATED PRESSDES MOINES, Iowa – A Minnesota federal judge must hold hearings to determine whether a proposed settlement for about 100 million Target customers who were victims of a 2013 security breach treats all customers fairly, a federal appeals court says.…
Self-driving car prototypes need less human help, data show
February 2, 2017 Justin Pritchard - THE ASSOCIATED PRESSLOS ANGELES – Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by…
Clouding the Issue
February 2, 2017 The CIP Society - Insurance Institute of CanadaWhat if information about a specific claim, stored in the cloud as part of a company’s new cloud-based system, goes missing? What are the ethical responsibilities of the company, the claims adjuster, the manager and other employees who may have handled the file in past?
Global insurance services market expected to grow due to IoT and changes in operating models
February 2, 2017 by Canadian UnderwriterThe global insurance services market is expected to grow at a compound annual growth rate (CAGR) of 4.9% over the next five years due to the increase in the use of the Internet of Things (IoT) and changes in operating…
Starting Block
February 1, 2017 Angela Stelmakowich, EditorThe buzz around blockchain is growing louder. An almost consensus-like agreement that it could benefit the insurance industry, though, must be balanced by what can only be described as an incomplete understanding of its workings and potential. That said, understanding is growing in step with an apparent openness to partner and explore.
Drone operators risk lawsuits, criminal charges for privacy breaches: OIAA speaker
February 1, 2017 Greg Meckbach, Associate EditorThe new tort of intrusion upon seclusion is “a big deal for drone operators,” and experts on operating drones will be “key to helping a court” determine the standard of care in negligence lawsuits, a lawyer suggested at a recent…
Planning Ahead
February 1, 2017 Daren Hanson, Vice President, Sales and Business Development, TeraGoGlobal connectedness means companies, including those in Canada, need a robust data recovery plan to protect data critical to their business operations. Still, many companies do not even have such plans in place.
Welcoming Host
February 1, 2017 Satya Sarangi, President and Chief Executive Officer, TmaxSoft CanadaMainframes have proved essential over the decades for insurers needing to run core applications. But are these once-reliable units becoming a hindrance to innovation? Is modernization of mainframes essential for the global insurance industry?
Reinsurers face challenging market conditions, technology to play important role: Novarica
January 31, 2017 by Canadian UnderwriterReinsurers can expect huge losses from man-made and natural catastrophes, open-ended liabilities like asbestos and terrorism, and developing creative technology solutions to become increasingly important in future, Novarica notes in a new report. The new challenges are in the wake…
Weather risk accounts for an estimated US$56 billion in untapped wind energy asset values globally: GCube
January 31, 2017 by Canadian UnderwriterResource underperformance has surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects, GCube Underwriting Ltd. notes in a report estimating the untapped asset values of wind energy stakeholders around the world at US$56…
Firewall efficacy improved with use of firewall management tools: study
January 30, 2017 by Canadian UnderwriterUse of firewall management tools has resulted in fewer breaches, increased productivity and the ability to respond to a breach in less than an hour, suggests a commissioned report released last week by U.S.-based FireMon. Automate Zero Trust Policy and…
Soft and hard disruptors will vastly transform Canadian collision industry in next 10 years: CCIF speaker
January 27, 2017 Jason Contant, Online EditorThe Canadian collision industry will be “ripped apart beyond belief” in a decade by several disruptors, including connected autonomous vehicles and ridesharing, a speaker suggested Friday at the Canadian Collision Industry Forum (CCIF) meeting in Vaughan, Ont. Andrew King, managing…