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Octo North America releases new suite of products for connected cars

October 17, 2016 by Canadian Underwriter

Octo North America announced on Monday that it has released a suite of new telematics products for connected cars. Octo Telematics, a London, United Kingdom-based global provider of telematics and data analytics solutions for the auto insurance industry, said in

News InsuranceMergers and AqcuisitionsTechnology

Nearly ¾ of young Canadian drivers polled don’t consider using their phones while driving to be “very distracting,” new poll finds

October 17, 2016 by Canadian Underwriter

An “alarming” 71% of young drivers aged 16 to 24 don’t consider using their phones while driving to be very distracting, according to a new poll by national charity Parachute. National Teen Driver Safety Week, an annual public awareness campaign

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Cognitive computing platform to help companies implement anti-bribery management system: OutsideIQ

October 17, 2016 by Canadian Underwriter

Outside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can

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Worldwide shipments of 3D printers to grow 108% in 2016: Gartner

October 14, 2016 by Canadian Underwriter

Worldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company

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Seven in 10 polled organizations expect to do away with passwords within five years: U.S. survey

October 14, 2016 by Canadian Underwriter

Reliance on largely ineffective traditional authentication techniques is building as efforts to do away with passwords – cited by 69% of polled respondents in the United States – is ebbing, note new survey results from SecureAuth Corporation. Commissioned in conjunction

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Most U.S. small business owners don’t have cyberattack response plan, new survey says

October 13, 2016 by Canadian Underwriter

Most small business owners in the United States (78%) still don’t have a cyberattack response plan, even though more than half (54%) were victim to at least one type of cyberattack, according to Nationwide’s second annual Small Business Indicator. The

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Worldwide revenue for security technology to surpass US$100 billion in 2020: International Data Corporation

October 13, 2016 by Canadian Underwriter

Worldwide revenues for security-related hardware, software and services will grow from US$73.7 billion in 2016 to US$101.6 billion in 2020, according to the International Data Corporation’s (IDC) first Worldwide Semiannual Security Spending Guide. The report, released on Wednesday, said that

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One-quarter of Canadian small and medium businesses with revenue over $10M victims of cyberattack: study

October 12, 2016 by Canadian Underwriter

One in four Canadian small and medium-sized businesses (SMBs) with annual revenue over $10 million have been victims of a cyberattack compared to only one in 10 with annual revenue under $10 million, according to a new survey from Internet

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Autonomous vehicle tech company Nauto enters into strategic agreements with Allianz Ventures, BMW and Toyota

October 11, 2016 by Canadian Underwriter

Autonomous vehicle technology company Nauto announced on Friday that it has entered into strategic agreements with BMW i Ventures, the Toyota Research Institute and Allianz Ventures, part of global financial services provider and insurance company Allianz Group. These companies have

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Adoption of smart contracts to decrease risks and costs, increase efficiencies: Capgemini

October 11, 2016 by Angela Stelmakowich

Lower costs and higher efficiencies can be realized through adoption of smart contracts, with potential annual savings in the personal motor insurance industry alone amounting to US$21 billion globally thanks to automation and reduced processing overheads in claims handling, Capgemini

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One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS

October 11, 2016 by Canadian Underwriter

Four in five risk managers surveyed said their company has a stand-alone cyber insurance policy, though only three in four reported their policy covers network/business interruption, Risk and Insurance Management Society Inc. said in the 2016 RIMS Cyber Survey, released

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

78% of global businesses believe digital start-ups pose threat to their organization: Dell Technologies study

October 7, 2016 by Canadian Underwriter

Nearly four in five (78% of) global businesses believe that digital start-ups pose a threat to their organization, either now or in the future, and almost half (45%) surveyed fear that they may become obsolete in the next three to