Topic Technology
Transportation Safety Board warns against ‘single layer of defence’ in managing aviation risk
August 18, 2016 by Canadian UnderwriterSome aviation firms “are not effectively managing their safety risks,” the Transportation Safety Board of Canada warned Wednesday as it released a report into an incident near Montreal that injured a pilot and three passengers in a Beechcraft King Air…
Volvo Cars and Uber join forces to develop autonomous driving cars
August 18, 2016 by Canadian UnderwriterSwedish luxury premium car maker Volvo Cars and ridesharing company Uber have announced that they are joining forces to develop “next generation autonomous driving cars.” The two companies have signed an agreement to establish a joint project that will develop…
Facial recognition set to go live in Saskatchewan in late August
August 18, 2016 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) will have in place facial recognition software when issuing driver licences and photo identification cards come Aug. 24, a move the insurer maintains will help combat fraud and bolster road safety. Customers will not notice anything…
Better collision warning systems needed at Canadian airports: Transportation Safety Board
August 17, 2016 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated this week its call for better procedures and warning systems to reduce the risk of collisions between airplanes and vehicles on the ground at airports. There is more than one runway incursion every…
AIG reaches agreement to sell United Guaranty Corporation to Arch Capital for US$3.4 billion
August 17, 2016 by Canadian UnderwriterAmerican International Group, Inc. has entered into an agreement to sell its 100% interest in United Guaranty Corporation (UGC) to Arch Capital Group Ltd. for US$3.4 billion, a move in line with AIG’s continuing efforts to streamline operations and better…
Ford plans to have fully autonomous commercial vehicle in ridesharing capacity by 2021
August 17, 2016 by Canadian UnderwriterFord Motor Company has announced that it intends to have a “high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.” To get there, the Dearborn, Mich.-based company said in a statement…
City of Toronto issues Private Transportation Company licence to Uber
August 17, 2016 by Canadian UnderwriterThe City of Toronto announced on Tuesday that it has issued a Private Transportation Company (PTC) licence to Uber, calling it the first of its kind in Canada. Since Toronto City Council gave Uber the green light to operate legally…
Canada’s police chiefs want new law that would compel people to reveal passwords
August 16, 2016 by Jim Bronskill - THE CANADIAN PRESSOTTAWA – Canada’s police chiefs want a new law that would force people to hand over their electronic passwords with a judge’s consent. The Canadian Association of Chiefs of Police has passed a resolution calling for the legal measure to…
Public Safety Canada launches public consultation on cybersecurity landscape
August 16, 2016 by Canadian UnderwriterPublic Safety Canada (PSC) has launched a public consultation on the “evolving cybersecurity landscape.” On Tuesday, the federal government launched the Consultation on Cyber Security to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach…
Global drone market to reach US$4.2 billion by 2025, North America to lead with 1.4 million drones: report
August 15, 2016 by Canadian UnderwriterThe global commercial and military drone market will reach US$4.2 billion by 2025, with a compound annual growth rate of 9.2%, a new report has suggested. Research and Markets, a global market research store, released their 90-page Commercial and Military…
Worldwide revenues from public cloud services expected to reach US$195 billion in 2020 – more than double 2016 amount
August 12, 2016 by Canadian UnderwriterOne day after a report suggested the global cybersecurity market is set to grow to US$202 billion by 2021, International Data Corporation (IDC) said that worldwide revenues from public cloud services are expected to reach more than US$195 billion in…
Global cybersecurity market to grow from US$122.45 billion to US$202.36 billion by 2021: report
August 10, 2016 by Canadian UnderwriterThe global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research and Markets. The Cyber Security Market…