Topic
Technology
Uber backs off plans to shutter Quebec operation, says it will continue for now
October 13, 2017 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – Ride-hailing service Uber is backing down on a threat to shutter its Quebec operations, at least for now. The multinational announced Friday it won’t pull the plug on its Quebec wing as planned this weekend because it hopes…
Global drone-powered solutions market for power and utilities worth as much as US$9.46 billion a year: PwC
October 13, 2017 by Canadian UnderwriterThe global market in drone-powered solutions for the power and utilities industries is worth as much as US$9.46 billion a year, PwC estimated in a new report. Clarity from above: Leveraging drone technologies to secure utilities systems, released on Thursday,…
BlackBerry QNX self-driving car hits the road in the first Canadian street test
October 13, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – A BlackBerry QNX-equipped self-driving car hit the road in suburban Ottawa Thursday in what was billed as the first on-street test of an autonomous vehicle in Canada. The grey Lincoln MKZ pulled away with Ottawa Mayor Jim Watson,…
Average cyber breach costs US$394,000, higher in financial services sector: NetDiligence
October 12, 2017 by Canadian UnderwriterThe aggregated average total breach cost of a cyber event is US$394,000, with an average claim for a large company of US$3.2 million, a new report from NetDiligence has found. NetDiligence, a provider of cyber risk readiness and response services,…
Ajusto program users report improved driving behaviour, Desjardins General Insurance Group says
October 12, 2017 by Canadian UnderwriterThree-quarters of polled users of Desjardins General Insurance Group’s (DGIG) Ajusto program for usage-based auto insurance have reported improved driving behaviours. Close to 75% of respondents to an online survey conducted in September said that they had improved their driving…
Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products
October 12, 2017 by Canadian UnderwriterOcto Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s…
DDoS attacks on the rise, Kaspersky research shows
October 11, 2017 by Canadian UnderwriterDistributed denial of service (DDoS) attacks are on the rise, with about one-third (33%) of polled global organizations facing such an attack in 2017, new research from cybersecurity company Kaspersky Lab has found. The IT Security Risks research is an…
Canadian auto industry seeing no reduction in accidents, but greater severity: NICC speaker
October 11, 2017 Jason Contant, Online EditorThe Canadian auto industry overall is seeing no reduction in car accidents and “big cost pressures upward on severity coming from both injuries and the repairs of cars themselves,” a speaker suggested last week at the National Insurance Conference of…
AI Gets Real
October 10, 2017 Norman Black, Insurance Industry Principal Consultant, SASThe impact of artificial intelligence on the insurance industry is expected to be transformative. To capitalize on all that this offers — and be able to provide customers what they want and need — stakeholders must deftly negotiate technology, industry politics, talent and culture roadblocks to ensure a successful journey.
Automated driving applications could significantly reduce road trauma in Australia and New Zealand: report
October 10, 2017 by Canadian UnderwriterRoad trauma in Australia and New Zealand could be significantly reduced by the adoption of rapidly developing technologies that change the way drivers use vehicles, new research has found. The report, titled Safety Benefits of Cooperative ITS and Automated Driving,…
Guidewire’s planned acquisition of Cyence to help p&c clients deal with 21st-century risks
October 10, 2017 by Canadian UnderwriterGuidewire Software, Inc.’s planned acquisition of Cyence Inc. will ensure Guidewire clients can access a cloud-based data listening and risk analytics solution to help them manage emerging risks for which long claims histories may not be available. California-based Guidewire Software,…
Endeavour launches cyber facility, cyber protection becoming key to risk management
October 10, 2017 by Canadian UnderwriterEndeavour Insurance Services is looking to facilitate easier management of risks in the small-medium enterprise (SME) cyber space – while also supporting MGAs, brokers and clients in the U.S. and Canada – with the launch of a new technology and…