Topic Technology
U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG
November 17, 2016 by Canadian UnderwriterMerger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents…
Nearly seven in 10 Canadian drivers using winter tires: study
November 17, 2016 by Canadian UnderwriterNearly seven in 10 Canadian drivers are adopting the use of winter tires, according to a new survey by Leger for the Tire and Rubber Association of Canada (TRAC). Outside of Quebec, where use of winter tires is the law, 68% of Canadian…
Zurich Insurance announces plans to position itself for future, new profitability targets
November 17, 2016 by Canadian UnderwriterZurich Insurance Group plans to build on customer relationships, simplify the business and significantly reduce costs as part of its renewed focus on increasing business profitability and delivering high-quality earnings over the 2017-2019 period, the global insurer announced Thursday. “In…
Advanced analytics and other emerging technologies revolutionizing public sector agencies: Accenture
November 16, 2016 by Canadian UnderwriterAdvanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new…
TSB recommendation for backup safety defences for rail signal indications ‘outstanding for over 10 years’
November 16, 2016 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Tuesday a recommendation that Transport Canada and the rail industry “implement additional backup safety defences” in order to ensure train crew members recognize and follow block signals that govern train movements. On Nov.…
U.S. “quiet car” safety standard to help prevent thousands of pedestrian injuries once fully implemented: NHTSA
November 16, 2016 by Canadian UnderwriterPedestrian protection is the driving force behind a federal “quiet car” safety standard adopted by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) that will require an audible alert on all newly manufactured light-duty hybrid vehicles (HVs)…
Two customers spearhead class action lawsuit against casino over hacking of private data
November 15, 2016 by Colin Perkel - THE CANADIAN PRESSTORONTO – Two gamblers who allege their privacy was breached are spearheading a proposed class action against an Ontario casino whose databases were hacked. In a notice of action, they also alleged Monday that Casino Rama, north of Toronto, unjustly…
Ontario’s Casino Rama victim of cyberattack affecting customer, employee and vendor information
November 11, 2016 by Canadian UnderwriterA casino in Ontario announced on Thursday that it “recently became aware that it has been the victim of a cyberattack that resulted in the theft of (past and present) customer, employee and vendor information.” Casino Rama Resort in the…
Half of smart city objectives will include climate change, resilience and sustainability key performance indicators by 2020: Gartner
November 10, 2016 by Canadian UnderwriterBy 2020, half of all smart city objectives will include climate change, resilience and sustainability key performance indicators (KPIs), Gartner, Inc., the Stamford, Conn.-based information technology research and advisory company reported. Cities are defining new objectives and placing them into…
Pembridge Insurance Company and Pafco Insurance Company obtain CSIO certification for Personal Lines eDocs
November 9, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to…
Ontario set to reintroduce photo radar for municipalities
November 9, 2016 by Canadian UnderwriterOntario Premier Kathleen Wynne has announced that she intends to introduce legislation that, if passed, would give municipalities the power to introduce automated speed enforcement (ASE) technology in school and community safety zones. According to a press release issued on…
Technology innovation top growth opportunity for (re)insurers in 2017: Guy Carpenter survey
November 7, 2016 by Canadian UnderwriterTechnology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to Guy Carpenter’s annual Market Pulse Survey, released on Monday. Now in its fifth year, the survey polled 107 insurance and reinsurance professionals during the…