Canadian Underwriter

Topic
Technology


News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Federal bill aims to address ‘regulatory challenges’ of disruptive vehicle technologies

September 22, 2017 by Canadian Underwriter

Legislation under consideration by the House of Commons “would increase the flexibility” of federal law to address automated and connected technologies used in vehicles, a member of parliament suggested Wednesday. “Shifts in the global technology landscape are placing a growing

Feature ProductsTechnology

Living Legacy

September 22, 2017 Greg Meckbach, Associate Editor

Replacing legacy information technology can be a daunting and expensive task, often representing a multi-year, multi-million-dollar project for an insurer. Opting to maintain, tweak or overhaul a legacy system all pose challenges, something carriers wanting to satisfy brokers and customers need to know

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Nearly two billion data records compromised in first half of 2017: report

September 22, 2017 by Canadian Underwriter

More than 900 data breaches led to nearly two billion records being compromised worldwide in the first half of 2017, digital security company Gemalto said in a new report. In the first six months of this year, 918 data breaches

News InsuranceLegalMarkets / CoveragesTechnology

Clyde & Co launches consultancy on smart contracts, blockchain and distributed ledger technologies

September 21, 2017 by Canadian Underwriter

Global law firm Clyde & Co has launched a consultancy to advise insurers and clients in other sectors on all aspects of the new area of smart contracts, blockchain and distributed ledger technologies. Clyde Code, as the consultancy will be

Feature InsuranceTechnology

Data Converging

September 21, 2017 Jason Contant, Online Editor; and Greg Meckbach, Associate Editor

True, it is all about data these days. That said, determining how best to employ the ever-growing store of internal and external data is necessary to gain forward-looking insights. For Canada’s property and casualty insurance market, knowing what to do with data to meet customer needs and demands will likely prove the end-game.

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

78% of polled Canadians want to see distracted driving tech solution: Aviva Canada

September 21, 2017 by Canadian Underwriter

Nearly four in five polled Canadians (78%) in Newfoundland and Labrador, Ontario and Alberta said they want to see a technology solution that would stop distracted driving by disabling texting and other functions while the driver is behind the wheel,

News InsuranceMergers and AqcuisitionsTechnology

Esurance expands online auto and home insurance to Ontario

September 21, 2017 by Canadian Underwriter

Esurance has announced that it is expanding its online auto and home insurance to Ontario. Esurance – an Allstate company with homeowner and auto insurance available across Alberta, Ontario and the United States – uses “advanced technology to offer an

News InsuranceLegalMergers and AqcuisitionsTechnology

Ontario ministry searches Volkswagen offices in emissions scandal investigation

September 20, 2017 Dan Healing - THE CANADIAN PRESS

The federal government should be moving ahead with action against Volkswagen in the wake of news that Ontario has charged the company and carried out a raid on its headquarters, according to an environmental organization. On Tuesday, provincial authorities executed

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Skills deficiencies impeding effectiveness of smart technologies: Accenture

September 20, 2017 by Canadian Underwriter

While large financial institutions have made progress applying smart technologies like cloud, biometrics and big data analytics to their risk management functions, two-thirds (66%) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve,

News InsuranceMarkets / CoveragesTechnology

Deep learning to help drive fraud predictions by 2019: Gartner

September 20, 2017 by Canadian Underwriter

Deep learning – a variation of machine learning (ML) – will be a “critical driver for best-in-class performance for demand, fraud and failure predictions” by 2019, research and advisory company Gartner, Inc. suggested on Wednesday. Deep learning represents the major

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Investigators cite Tesla Autopilot limits in fatal crash

September 13, 2017 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – Design limitations of the Tesla Model S’s Autopilot played a major role in the first known fatal crash of a highway vehicle operating under automated control systems, the National Transportation Safety Board said Tuesday. The board said the

Feature InsuranceMergers and AqcuisitionsTechnology

Charting the Course

September 13, 2017 Fred Eslami, Senior Financial Analyst, A.M. Best Company

Cyber insurance seems like it is poised to go it alone. Growth of the line — currently in the United States and perhaps in future in Canada — is taking shape as a stand-alone offering. What are the benefits of such a move?