Topic
Technology
Privacy class-action lawsuit in Ontario ‘settled on incredibly favourable terms’ to Home Depot: PCUC luncheon speaker
November 24, 2016 Greg Meckbach, Associate EditorHow companies respond to data breaches in which criminals obtain sensitive customer data is “hugely important” in reducing the risk of a class-action lawsuit, a lawyer suggested Wednesday to insurance professionals. At the November luncheon of the Property Casualty Underwriters…
Global insurtech market forecast to grow at compound annual growth rate of more than 10% between 2016 and 2020, new report suggests
November 24, 2016 by Canadian UnderwriterThe global insurtech market is forecast to grow at a compound annual growth rate of more than 10% between 2016 and 2020, according to a new report from global technology research and advisory company Technavio. The market research report, titled…
SMEs’ cyber risk awareness on the rise: Zurich study
November 23, 2016 by Canadian UnderwriterCyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at…
Canadian Underwriter and Swiss Re team up for webinar on Canadian flood risk
November 23, 2016 by Canadian UnderwriterCanadian Underwriter and Swiss Re have teamed up to host a live webinar, titled The Road to Flood Resilience in Canada, reflecting on natural hazards throughout the country and what Canada can expect for the future. The free webinar, scheduled…
TSB reiterates call for voice and video recorders on board all locomotives in Canada
November 23, 2016 by Canadian UnderwriterCanada needs a law requiring on-board cab voice and video recordings in locomotives, the Transportation Safety Board of Canada suggested Tuesday. “On-board voice and video recorders on locomotives would help advance railway safety,” TSB stated in a tweet, reiterating an…
Global UBI market to reach US$123 billion by 2022, upsurge in demand expected from Canada and U.S.: report
November 23, 2016 by Canadian UnderwriterThe global usage-based insurance (UBI) market is expected to garner US$123 billion by 2022, growing at a compound annual growth rate of 36.4% from 2016 to 2022, according to a new report from Allied Market Research (AMR). According to the…
Global Aerospace reports drone insurance covering invasion of privacy, malicious damage ‘easier to obtain’
November 22, 2016 by Canadian UnderwriterInsurance carriers will expand their coverage of unmanned aircraft systems, or drones, while the absence, in the United States, of airworthiness certification requirements imposes a “considerable amount of diligence” on property and liability insurers covering drones, Global Aerospace Inc. suggested…
Biometric systems could lull users into a false sense of security, researchers say
November 21, 2016 Brandon Bailey - THE ASSOCIATED PRESSSAN FRANCISCO – It sounds like a great idea: Forget passwords, and instead lock your phone or computer with your fingerprint. It’s a convenient form of security – though it’s also perhaps not as safe as you’d think. In their…
Blockchain technology a source of both disruption and opportunity for insurers: Novarica
November 21, 2016 by Canadian UnderwriterBlockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have…
Alberta ministry contacting clients after personal information “unaccountable” for 24 hours
November 21, 2016 by Canadian UnderwriterAlberta Human Services (AHS) said on Friday that it is contacting 86 Alberta Supports clients whose personal information was unaccountable for a 24-hour period. AHS said in a press release on Friday that as part of service delivery training for…
335 impaired drivers in Saskatchewan caught by police during October blitz: SGI
November 21, 2016 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) announced on Monday that 335 impaired drivers were stopped during the province-wide focus on impaired driving in October. The blitz involving SGI and law enforcement officers included 335 offences related to impaired driving, including 314 Criminal…
Veniam, StarHub partner to create connected vehicle mesh network in Singapore, bolster Internet availability
November 21, 2016 by Canadian UnderwriterTech company Veniam has signed its first-ever collaboration agreement in Asia with info-communications provider StarHub to create a connected vehicle mesh network in Singapore by transforming thousands of connected vehicles into mobile Wi-Fi hotspots. Veniam’s aim “is to connect thousands…