Canadian Underwriter

Topic Technology

News CatastrophesTechnology

Strategic planning of Canada’s p&c industry must extend to five, 10 years: Cook

January 11, 2017 by Angela Stelmakowich

Canada’s property and casualty insurance industry must look farther ahead in its strategic planning than it may be used to ensure it fully grasps developing conditions and can address related changes, Philip Cook, CEO of Omega Insurance Holdings Inc., suggested

News ConstructionMergers and AqcuisitionsTechnology

City of Toronto announces road safety plan for 2017, including 76 new red light camera sites

January 11, 2017 by Canadian Underwriter

The City of Toronto has announced its Vision Zero Road Safety Plan for 2017, which includes 45 new measures that will be introduced this year targeted at eliminating fatalities and reducing serious injuries, with an emphasis on pedestrians, aggressive and

News Mergers and AqcuisitionsTechnology

Business interruption replaces cyber as top business risk for Canadian respondents to Allianz Risk Barometer

January 11, 2017 by Canadian Underwriter

The risk of cyber incidents has plummeted from first to fifth place among Canadian respondents in an annual survey by Allianz of the most important business risks, while more than one in seven Canadian respondents identified quality deficiencies, serial defects

News LegalMergers and AqcuisitionsTechnology

One in three cyberattacks in the past year resulted in a security breach for Canadian companies, new Accenture survey finds

January 11, 2017 by Canadian Underwriter

Roughly one in three targeted cyberattacks over the past year resulted in an actual security breach for Canadian companies, according to a new survey from global professional services company Accenture. Despite these breaches – which equate to three effective attacks

News LegalTechnology

Second VW employee arrested over emissions scheme

January 10, 2017 by Tom Krisher and Eric Tucker - THE ASSOCIATED PRESS

DETROIT – The Volkswagen executive who once was in charge of complying with U.S. emissions regulations was arrested during the weekend in Florida and accused of deceiving federal regulators about the use of special software that cheated on emissions tests.

News Mergers and AqcuisitionsTechnology

Ontario brokerage Smith & Associates Insurance consolidates with The Standard Insurance Brokers

January 10, 2017 by Canadian Underwriter

Thunder Bay, Ont.-based brokerage Smith & Associates Insurance has announced its consolidation with The Standard Insurance Brokers, effective Tuesday. This consolidation will allow both organizations to offer a broader scope of products to clients, enhance their long established relationships with

News CatastrophesTechnology

Research on earthquakes, tsunamis and climate change to benefit from federal investment of $46.6 million to Ocean Networks Canada

January 10, 2017 by Canadian Underwriter

The federal government has provided a five-year $46.6 million investment to the University of Victoria’s (UVic) Ocean Networks Canada (ONC) to support its continued research and development. ONC pioneers ocean observatories that stream live data 24/7 to researchers across Canada

News Mergers and AqcuisitionsTechnology

X by 2 enters Canadian market with formal subsidiary, office

January 9, 2017 by Canadian Underwriter

Technology consultancy X by 2 has expanded its footprint by taking its first-ever step into Canada, a move meant to beef up service to its growing client base in the Canadian insurance market. Focused on the practice of architecture for

News LegalMergers and AqcuisitionsTechnology

Global businesses unclear on how to combat targeted, DDoS attacks, Kaspersky survey reveals

January 6, 2017 by Canadian Underwriter

Global businesses are not confident on how to protect themselves against threats like targeted cyberattacks and distributed denial of services (DDoS) attacks, according to new research from worldwide cybersecurity company Kaspersky Lab. Research from the Corporate IT Security Risks annual

News Mergers and AqcuisitionsTechnology

Carpooling apps could reduce traffic 75% in New York City and help with pollution, energy usage: MIT study

January 6, 2017 by Canadian Underwriter

Using carpooling options from companies like Uber and Lyft could reduce the number of vehicles on the road in the New York City by a factor of three without significantly impacting travel time, according to a new study from the

News LegalMergers and AqcuisitionsTechnology

Student charged in cyberattack on 304 computers at University of Alberta

January 6, 2017 by The Canadian Press

EDMONTON – A University of Alberta student is facing numerous charges after a cyber-attack on university computers. The university says on Nov. 22 it found malware on 287 computers, which potentially affected more than 3,300 faculty, staff and students. It

News EducationTechnology

Internet of Things spending to reach US$1.29 trillion by 2020, insurance industry to see fast spending growth: report

January 5, 2017 by Canadian Underwriter

Worldwide spending on the Internet of Things (IoT) was forecast to reach US$737 billion in 2016 and grow at a compound annual growth rate (CAGR) of 15.6% from 2015-2020 to US$1.29 trillion, according to the International Data Corporation (IDC). The