Topic
Technology
Autonomous cars will reach sales of 24 million units in 2030 from 0.2 million in 2020: research report
October 5, 2016 by Canadian UnderwriterThe first autonomous cars will debut in 2020, with the total number of new registrations forecasted to grow at a compound annual growth rate (CAGR) of 62% from 0.2 million units in 2020 to reach 24 million units in 2030,…
Engineering insurers’ working group calls for ‘greater risk dialogue’ on cyber threats
October 4, 2016 by Canadian UnderwriterCyber insurance coverage “should not replace” information technology security measures, and cyber risk can have an effect across engineering projects, the International Association of Engineering Insurers (IMIA) warned Tuesday. “The perception that cyber events do not cause physical damage is…
IBM and Majesco form five-year partnership to accelerate new global insurance services
October 3, 2016 by Canadian UnderwriterTechnology company IBM announced on Monday a five-year partnership with Majesco – a global provider of core insurance software, consulting and services for insurance business transformation – to jointly offer a new cognitive, cloud-based platform to help insurance carriers worldwide…
Cyber and data privacy breaches top risk for global transportation industry executives: Willis Towers Watson study
October 3, 2016 by Canadian UnderwriterThe increased security threat from cyber and data privacy breaches is the number one risk on the minds of executives in the global transportation industry, according to a new report released on Monday by Willis Towers Watson (WTW). Willis Towers…
Defining the Threat
October 2, 2016 Greg Meckbach, Associate EditorBrokers need to determine both the true threats and true opportunities.
Brokers’ challenges presenting opportunities: new IBAC president
October 1, 2016 Jason Contant, Online EditorThe issues facing the broker channel – such as the regulatory environment and technology – are collective, but the channel is strong together, Robert Harrison, new president of the Insurance Brokers Association of Canada (IBAC), said during the association’s annual…
Organizations starting to show greater openness to enlisting experts to help with cyber security: NICC speaker
October 1, 2016 Angela Stelmakowich, EditorVANCOUVER – Cyber attackers are becoming increasingly sophisticated – employing better techniques and targeting information that could prove particularly damaging – but that may be balanced by a greater openness to use expertise and not go it alone, it was…
Global connected car production to grow rapidly over the next five years: Gartner
September 29, 2016 by Canadian UnderwriterConnected car production is growing rapidly in both mature and emerging automobile markets and that growth is expected to continue over the next five years, according to the latest forecast from Gartner, Inc., a Stamford, Conn.-based information technology research and…
Aon cyber coverage to include business interruption resulting from network failure
September 28, 2016 by Canadian UnderwriterAon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging…
50 Canadian brokerages score 100% on tech scorecard: CSIO
September 28, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations announced Tuesday it has identified 50 brokerages from across Canada as CSIO technology leaders. “These brokerages have been deemed top performers because they achieved a score of 100% on their CSIO technology scorecard…
Focus on behaviours of Generation Z to digitally engage consumers, Kanetix conference hears
September 28, 2016 Jason Contant, Online EditorAlthough insurers have often looked at the purchasing actions of Millenials, they would do best to start examining the behaviours of the following generation – Generation Z – to digitally engage their customers, attendees to the Kanetix Insights 2.0 conference…
B.C. earthquake warning technology ShakeAlarm goes global
September 28, 2016 by Canadian UnderwriterTwo Canadian companies have entered into a global preferred service provider agreement that will bring “affordable and reliable” British Columbia-developed earthquake early warning system (EEWS) technology to countries with high seismic risk that currently do not have proven systems in…