Topic Technology
Aegon, Allianz, Munich Re, Swiss Re and Zurich launch blockchain initiative B3i
October 19, 2016 by Canadian UnderwriterFive insurers and reinsurers – Aegon, Allianz, Munich Re, Swiss Re and Zurich – have launched the blockchain insurance industry initiative B3i, aimed at exploring the potential of distributed ledger technologies to better serve clients through faster, more convenient and…
Transport Canada warns some Ram pickups at risk of fire from alternator short
October 19, 2016 by The Canadian PressOTTAWA – Transport Canada has issued a recall notice for about 10,000 Ram pickup trucks and other Fiat Chrysler vehicles that are at increased risk of stalling or fire in the engine compartment due to an electrical short. The federal…
Saskatchewan Premier announces province’s climate change plan
October 18, 2016 by Canadian UnderwriterSaskatchewan Premier Brad Wall has released the province’s Climate Change White Paper, calling for adaptation and innovation instead of taxation on carbon. “There are three approaches we can take to fighting climate change – adaptation, innovation and taxation,” Wall said…
Octo North America releases new suite of products for connected cars
October 17, 2016 by Canadian UnderwriterOcto North America announced on Monday that it has released a suite of new telematics products for connected cars. Octo Telematics, a London, United Kingdom-based global provider of telematics and data analytics solutions for the auto insurance industry, said in…
Nearly ¾ of young Canadian drivers polled don’t consider using their phones while driving to be “very distracting,” new poll finds
October 17, 2016 by Canadian UnderwriterAn “alarming” 71% of young drivers aged 16 to 24 don’t consider using their phones while driving to be very distracting, according to a new poll by national charity Parachute. National Teen Driver Safety Week, an annual public awareness campaign…
Cognitive computing platform to help companies implement anti-bribery management system: OutsideIQ
October 17, 2016 by Canadian UnderwriterOutside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can…
Seven in 10 polled organizations expect to do away with passwords within five years: U.S. survey
October 14, 2016 by Canadian UnderwriterReliance on largely ineffective traditional authentication techniques is building as efforts to do away with passwords – cited by 69% of polled respondents in the United States – is ebbing, note new survey results from SecureAuth Corporation. Commissioned in conjunction…
Most U.S. small business owners don’t have cyberattack response plan, new survey says
October 13, 2016 by Canadian UnderwriterMost small business owners in the United States (78%) still don’t have a cyberattack response plan, even though more than half (54%) were victim to at least one type of cyberattack, according to Nationwide’s second annual Small Business Indicator. The…
Worldwide revenue for security technology to surpass US$100 billion in 2020: International Data Corporation
October 13, 2016 by Canadian UnderwriterWorldwide revenues for security-related hardware, software and services will grow from US$73.7 billion in 2016 to US$101.6 billion in 2020, according to the International Data Corporation’s (IDC) first Worldwide Semiannual Security Spending Guide. The report, released on Wednesday, said that…
One-quarter of Canadian small and medium businesses with revenue over $10M victims of cyberattack: study
October 12, 2016 by Canadian UnderwriterOne in four Canadian small and medium-sized businesses (SMBs) with annual revenue over $10 million have been victims of a cyberattack compared to only one in 10 with annual revenue under $10 million, according to a new survey from Internet…
Autonomous vehicle tech company Nauto enters into strategic agreements with Allianz Ventures, BMW and Toyota
October 11, 2016 by Canadian UnderwriterAutonomous vehicle technology company Nauto announced on Friday that it has entered into strategic agreements with BMW i Ventures, the Toyota Research Institute and Allianz Ventures, part of global financial services provider and insurance company Allianz Group. These companies have…
Adoption of smart contracts to decrease risks and costs, increase efficiencies: Capgemini
October 11, 2016 by Angela StelmakowichLower costs and higher efficiencies can be realized through adoption of smart contracts, with potential annual savings in the personal motor insurance industry alone amounting to US$21 billion globally thanks to automation and reduced processing overheads in claims handling, Capgemini…