Topic Technology
Deep learning, autonomy will accelerate birth of new US$1 trillion autonomous mobility services market by 2030: KPMG
November 25, 2016 by Canadian UnderwriterA new “mobility services market” tied to products and services related to autonomy, mobility and connectivity will be worth well over US$1 trillion globally by 2030, according to a new report from KPMG. Deep learning – an advanced form of…
Aviva Canada’s 24-hour Broker Hackathon results in small business online quoting and binding solution
November 25, 2016 by Canadian UnderwriterAviva Canada’s recent Broker Hackathon has chosen its People’s Choice and Winner from a total of 61 submissions: Commercial Catalyst, a “simple, quick and easy way for brokers and customers to quote and bind small commercial business” and a responsive…
Privacy class-action lawsuit in Ontario ‘settled on incredibly favourable terms’ to Home Depot: PCUC luncheon speaker
November 24, 2016 by Greg Meckbach, Associate EditorHow companies respond to data breaches in which criminals obtain sensitive customer data is “hugely important” in reducing the risk of a class-action lawsuit, a lawyer suggested Wednesday to insurance professionals. At the November luncheon of the Property Casualty Underwriters…
SMEs’ cyber risk awareness on the rise: Zurich study
November 23, 2016 by Canadian UnderwriterCyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at…
Canadian Underwriter and Swiss Re team up for webinar on Canadian flood risk
November 23, 2016 by Canadian UnderwriterCanadian Underwriter and Swiss Re have teamed up to host a live webinar, titled The Road to Flood Resilience in Canada, reflecting on natural hazards throughout the country and what Canada can expect for the future. The free webinar, scheduled…
TSB reiterates call for voice and video recorders on board all locomotives in Canada
November 23, 2016 by Canadian UnderwriterCanada needs a law requiring on-board cab voice and video recordings in locomotives, the Transportation Safety Board of Canada suggested Tuesday. “On-board voice and video recorders on locomotives would help advance railway safety,” TSB stated in a tweet, reiterating an…
Global UBI market to reach US$123 billion by 2022, upsurge in demand expected from Canada and U.S.: report
November 23, 2016 by Canadian UnderwriterThe global usage-based insurance (UBI) market is expected to garner US$123 billion by 2022, growing at a compound annual growth rate of 36.4% from 2016 to 2022, according to a new report from Allied Market Research (AMR). According to the…
Global Aerospace reports drone insurance covering invasion of privacy, malicious damage ‘easier to obtain’
November 22, 2016 by Canadian UnderwriterInsurance carriers will expand their coverage of unmanned aircraft systems, or drones, while the absence, in the United States, of airworthiness certification requirements imposes a “considerable amount of diligence” on property and liability insurers covering drones, Global Aerospace Inc. suggested…
Biometric systems could lull users into a false sense of security, researchers say
November 21, 2016 by Brandon Bailey - THE ASSOCIATED PRESSSAN FRANCISCO – It sounds like a great idea: Forget passwords, and instead lock your phone or computer with your fingerprint. It’s a convenient form of security – though it’s also perhaps not as safe as you’d think. In their…
Blockchain technology a source of both disruption and opportunity for insurers: Novarica
November 21, 2016 by Canadian UnderwriterBlockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have…
Alberta ministry contacting clients after personal information “unaccountable” for 24 hours
November 21, 2016 by Canadian UnderwriterAlberta Human Services (AHS) said on Friday that it is contacting 86 Alberta Supports clients whose personal information was unaccountable for a 24-hour period. AHS said in a press release on Friday that as part of service delivery training for…
BC Wildfire Service interactive map helps distinguish between registered, open burns and wildfires
November 18, 2016 by Canadian UnderwriterThe BC Wildfire Service is making an interactive map that displays details and locations for specific registered fires available on its website. Although wildfires are rare in British Columbia at this time of year, smoke from legal, registered open burns…