Canadian Underwriter

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News AssociationsInsuranceLegislation / RegulationProfessional DevelopmentTechnology

Majority of businesses and economies not ready for digital platforms: Accenture

September 14, 2016 by Canadian Underwriter

The majority of businesses and economies are not ready for digital platforms, according to a new report released on Tuesday by global professional services company Accenture. Accenture’s report Five Ways to Win with Digital Platforms, published in collaboration with the

News InsuranceMergers and AqcuisitionsTechnology

Uber gives riders a preview of the driverless future

September 14, 2016 Dake Kang - THE ASSOCIATED PRESS

PITTSBURGH – Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. Starting Wednesday morning, a fleet of self-driving Ford Fusions will pick

News InsuranceLegalMergers and AqcuisitionsTechnology

Montreal taxi industry to meet Tuesday to discuss Uber deal

September 13, 2016 The Canadian Press

MONTREAL – 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

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One in three Americans hacked in the past year, new HSB cyber survey finds

September 13, 2016 by Canadian Underwriter

More 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

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsTechnology

Growth in commercial unmanned aircraft systems, UAS, to bring both benefits, new risks: Allianz

September 13, 2016 by Angela Stelmakowich

The 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,

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New mobile app issues verbal safety warnings to Edmonton drivers

September 13, 2016 by Canadian Underwriter

The 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

News CatastrophesInsuranceMergers and AqcuisitionsReinsuranceTechnology

Resiliency plans increasingly important, plans will never be perfect

September 13, 2016 by Angela Stelmakowich

CALGARY — 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

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Autonomous vehicles may reduce U.S. motor premiums by more than 40% by 2050: Aon Benfield

September 13, 2016 by Canadian Underwriter

Autonomous 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

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9

September 13, 2016 by Canadian Underwriter

AIG 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

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

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 Underwriter

Advances 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

News Earnings / RatingsInsuranceMarkets / CoveragesReinsuranceTechnology

Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re

September 12, 2016 by Canadian Underwriter

Technological 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

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report

September 9, 2016 by Canadian Underwriter

The 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