Topic Technology
Thinking outside the box key to keeping p&c industry relevant, responsive: Cook
January 12, 2017 by Angela StelmakowichThose in Canada’s property and casualty insurance industry must think outside the box and understand the importance of coupling new products with new delivery methods to meet ever-increasing and ever-changing customer expectations, Philip Cook, CEO of Omega Insurance Holdings Inc.,…
Emerging technologies still discussed more than deployed by U.S. insurers, but balance is shifting: Novarica
January 12, 2017 by Canadian UnderwriterWhile “hot” topic areas like social media, mobile, analytics, big data, cloud, digital and Internet of Things (IoT) are still discussed more than they are deployed in most cases in the insurance industry in the United States, the balance is…
Strategic planning of Canada’s p&c industry must extend to five, 10 years: Cook
January 11, 2017 by Angela StelmakowichCanada’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…
City of Toronto announces road safety plan for 2017, including 76 new red light camera sites
January 11, 2017 by Canadian UnderwriterThe 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…
Business interruption replaces cyber as top business risk for Canadian respondents to Allianz Risk Barometer
January 11, 2017 by Canadian UnderwriterThe 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…
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 UnderwriterRoughly 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…
Second VW employee arrested over emissions scheme
January 10, 2017 by Tom Krisher and Eric Tucker - THE ASSOCIATED PRESSDETROIT – 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.…
Ontario brokerage Smith & Associates Insurance consolidates with The Standard Insurance Brokers
January 10, 2017 by Canadian UnderwriterThunder 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…
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 UnderwriterThe 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…
X by 2 enters Canadian market with formal subsidiary, office
January 9, 2017 by Canadian UnderwriterTechnology 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…
Global businesses unclear on how to combat targeted, DDoS attacks, Kaspersky survey reveals
January 6, 2017 by Canadian UnderwriterGlobal 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…
Carpooling apps could reduce traffic 75% in New York City and help with pollution, energy usage: MIT study
January 6, 2017 by Canadian UnderwriterUsing 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…