Topic
Technology
Montreal taxi industry to meet Tuesday to discuss Uber deal
September 13, 2016 The Canadian PressMONTREAL – Representatives of Montreal’s taxi industry are scheduled to meet Tuesday to draft a response to the recent deal between the provincial government and ride-hailing company Uber. Taxi drivers are almost unanimously against the agreement, which allows Uber to…
One in three Americans hacked in the past year, new HSB cyber survey finds
September 13, 2016 by Canadian UnderwriterMore than one-third of consumers in the United States experienced a computer virus, hacking incident or other cyberattack in the past 12 months, according to a new survey by Zogby Analytics for The Hartford Steam Boiler Inspection and Insurance Company…
Growth in commercial unmanned aircraft systems, UAS, to bring both benefits, new risks: Allianz
September 13, 2016 by Angela StelmakowichThe use of unmanned aircraft systems (UAS) is set to soar south of the border — expected to triple the number of manned aircraft by year’s end — producing new risks that will require insurers to adopt a new view,…
New mobile app issues verbal safety warnings to Edmonton drivers
September 13, 2016 by Canadian UnderwriterThe City of Edmonton has launched a new mobile app that warns drivers of school zones, speed limit changes and high collision locations. City of Edmonton Councillor Dave Loken said in a press release from the city on Monday that…
Resiliency plans increasingly important, plans will never be perfect
September 13, 2016 by Angela StelmakowichCALGARY — Resiliency plans are unlikely to ever be perfect, but they are an increasingly important element of an organization’s response to crises, two speakers who as individuals and members of their companies were intimately affected by the 9/11 terror…
Autonomous vehicles may reduce U.S. motor premiums by more than 40% by 2050: Aon Benfield
September 13, 2016 by Canadian UnderwriterAutonomous vehicles may reduce motor pure premiums in the United States by more than 40% by the time they “reach full adoption in 2050,” according to a recent Global Insurance Market Opportunities report from Aon Benfield. Aon Benfield, the global…
AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9
September 13, 2016 by Canadian UnderwriterAIG Canada, in partnership with the Consulate General of Canada in San Francisco and Silicon Valley, will be hosting the AIG Innovation Challenge on Dec. 9 in Toronto. AIG Canada will select 10 Canadian-based startups to pitch their products, services…
Industry must more effectively harness potential of satellite, drone and aerial technologies: Guy Carpenter’s head of cat planning & response
September 12, 2016 by Canadian UnderwriterAdvances in the development of “visual intelligence” based on multiple data sources, including satellite imagery and drone footage, have the potential to significantly enhance claims and catastrophe response processes and underwriting decision making when companies harness that potential effectively, according…
Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re
September 12, 2016 by Canadian UnderwriterTechnological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as…
Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report
September 9, 2016 by Canadian UnderwriterThe global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI…
One cryptomalware attack can cost a small- or medium-sized business up to US$99,000: Kaspersky
September 9, 2016 by Canadian UnderwriterOne cryptomalware attack can cost a small or medium business (SMB) up to US$99,000 on average, according to recent research from global cybersecurity company Kaspersky Lab. And “despite the fact that cybercriminals do not guarantee the return of corporate data,…
Quebec taxi lobby furious with Uber deal; considering legal action, protests
September 9, 2016 The Canadian PressMONTREAL – Quebec’s taxi lobby called the government’s nascent deal with Uber a betrayal and a humiliation, while Premier Philippe Couillard countered Thursday the one-year pilot project doesn’t pose a threat to the traditional cabbie industry. Taxi drivers blocked traffic…