Topic
Technology
Yellow Light, Green Light
October 6, 2017 Peter Vlaar, Associate Lawyer, McCague Borlack LLPWill autonomous vehicles change litigation? While the answer to that question is surely “yes,” a deeper dive is needed to fully grasp what related developments could mean for property and casualty insurance. Longer term, a simpler system overall for addressing liability in auto claims is anticipated.
Saskatchewan police focusing on distracted drivers in October
October 6, 2017 by Canadian UnderwriterPolice in Saskatchewan will focus on distracted driving as their traffic safety spotlight for the month of October. Throughout the month, police across the province will be using a variety of tactics to catch distracted drivers in the act, including…
New software could make it easier to “adopt and trust” AI systems that set insurance premiums
October 6, 2017 by Canadian UnderwriterNew software developed at the University of Waterloo (UWaterloo) in Ontario could make it easier to adopt and trust powerful artificial intelligence (AI) systems that set insurance premiums, generate stock market predictions and assess who qualifies for mortgages, the university…
AEIC speaker predicts blockchain applications in insurance
October 6, 2017 Greg Meckbach, Associate EditorBlockchain technology – which forms the basis for the Bitcoin cryptocurrency – could enable insurers to collaborate with each other when two share the same customer and enable coverages through “smart contracts,” a speaker suggested Thursday at the annual Insurance…
New cars increasingly crammed with distracting infotainment technology: AAA study
October 5, 2017 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The…
Utilities cautioned to act now to strengthen their cyber security defences: Accenture
October 5, 2017 by Canadian UnderwriterUnprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests…
Connection Protection
October 4, 2017 Derrick Hughes, Vice President, Reinsurance, Assumed and Strategic Products, The Boiler Inspection and Insurance Company of CanadaThe connected home, including smart appliances, is transforming everyone’s lives. What are the challenges, risks and risk management strategies to address this transformation?
Leaf Forward launches “Canada’s first cannabis business accelerator”
October 4, 2017 by Canadian UnderwriterLeaf Forward – which describes itself as “Canada’s first cannabis business accelerator” – reported on Wednesday that it has launched successfully, hosting two founders classes, where 12 cannabis start-ups participated in a full day of “intensive mentoring” with industry leaders.…
XL Catlin partners with AI start-up Cytora
October 4, 2017 by Canadian UnderwriterXL Catlin’s internal innovation team Accelerate announced that it is working with Cytora, a United Kingdom-based insurtech start-up that uses artificial intelligence (AI) and open source data to improve the way insurers quantify, select and price risk. A joint press…
Aviva may launch cyber product in Canada in 2017: NICC speaker
October 4, 2017 Jason Contant, Online EditorAviva may launch a cyber product in Canada later this year, the insurer’s CEO of International Insurance said during the National Insurance Conference of Canada (NICC) on Monday. Calling cyber “one of the big future insurance pools,” Maurice Tulloch noted…
Insurtech triggering transformation in personal lines: SMA
October 4, 2017 by Canadian UnderwriterNew research out of the United States assessing 600 start-ups identified as relevant for personal lines insurers indicates these new players may fail, but they are having a tangible impact on the p&c insurance industry and how it delivers services,…
Yahoo triples data breach numbers to 3 billion accounts affected in 2013
October 4, 2017 Matt O’Brien - THE ASSOCIATED PRESSBOSTON – Yahoo has tripled down on what was already the largest data breach in history, saying it affected all 3 billion accounts on its service, not the 1 billion it revealed late last year. The company announced Tuesday that…