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Keyword
artificial intelligence


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Global software company Symbility Solutions partners with Toronto’s DeepLearni.ng to bring AI to property insurance

August 2, 2017 by Canadian Underwriter

Global software company Symbility Solutions Inc. announced on Wednesday that it has entered into a new partnership with Toronto-based DeepLearni.ng to bring artificial intelligence (AI) solutions into property insurance. Symbility said in a press release that “by closely collaborating with

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Artificial intelligence saw record high investments in Canada in past five years: report

July 26, 2017 by Canadian Underwriter

Artificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and

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Worldwide IT spending set to rebound in second half 2017, led by cloud and mobile upgrade cycles: report

July 14, 2017 by Canadian Underwriter

Worldwide IT spending is expected to rebound in the second half of the year, led by cloud and mobile upgrade cycles, International Data Corporation (IDC) said in a new report. According to the latest edition of IDC’s Worldwide Black Book,

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Companies plan to spend more on cloud computing services this year, higher prices among drivers: Clutch

June 23, 2017 by Canadian Underwriter

Companies are planning to spend more on cloud computing services in 2017, but must be cognizant that anticipated costs could balloon absent appropriate monitoring and use, suggest survey results released this week by Clutch. Reflecting input from 283 IT professionals

Feature Technology

Gathering Intelligence

June 19, 2017 Greg Meckbach, Associate Editor

The rapid increase in computing power has allowed industry players in property and casualty insurance to begin using machine learning and artificial intelligence for a variety of applications. But industry watchers see those applications as just a start, reporting that more advanced uses of emerging information technologies are being explored and positing that these new applications could soon be on their way.

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Technological change and cyber risk overtake regulation as top risks for global insurers: study

May 31, 2017 by Canadian Underwriter

The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of

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Canadians want more regulatory review of emerging technologies: Accenture

May 25, 2017 by Canadian Underwriter

Canadians prioritize regulatory reviews of drones, autonomous vehicles and online user agreements above those of other emerging technologies, according to new research from global professional services company Accenture. For the research, an Ipsos I-Say panel interviewed a sample of 1,003

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The toughest challenge for self-driving cars? Human drivers

May 11, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robotaxis. A self-driving car would be programmed to drive at the

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Uber announces Toronto research hub for self-driving technology

May 8, 2017 by Canadian Underwriter

Uber has announced that Toronto will be the first international research hub of its Advanced Technologies Group. The technology company also welcomed Raquel Urtasun, an associate professor at the University of Toronto “and one of the world’s leading researchers in

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Allianz makes strategic investment in Lemonade Insurance Company

April 22, 2017 by Canadian Underwriter

Allianz SE announced on Friday that it has recently made a “strategic investment” in Lemonade Insurance Company, a New York-licensed renters and homeowners insurer powered by artificial intelligence and behavioural economics. “The partnership ties in neatly with our digitization focus,”

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All generations in the United States except Millenials becoming more skeptical of self-driving technology: J.D. Power study

April 19, 2017 by Canadian Underwriter

With the exception of Millenials, all other generational groups in the United States are becoming more skeptical of self-driving technology, posing a threat to car manufacturers and technology developers, a new study from J.D. Power has found. The J.D. Power

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Artificial Intelligence set to transform insurance industry, but integration challenges remain: Accenture

April 19, 2017 by Canadian Underwriter

Artificial intelligence (AI) will “significantly transform” the insurance industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based