Keyword
artificial intelligence
Ford investing US$1 billion over five years in AI company to develop virtual driver system
February 13, 2017 by Canadian UnderwriterFord Motor Company has announced it is investing US$1 billion during the next five years in Argo AI, an artificial intelligence company, to develop a virtual driver system for the automaker’s autonomous vehicle coming in 2021 – and for potential…
Canadian P&C industry to celebrate National Education Month in February
February 1, 2017 by Canadian UnderwriterCanada’s property & casualty industry will celebrate National Education Month in February, showcasing the education and professional development of insurance professionals across the country. The Insurance Institute of Canada (IIC) has expanded its annual National Education Week to a month…
Worldwide IT spending forecast to grow 2.7% in 2017: Gartner
January 13, 2017 by Canadian UnderwriterWorldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth…
Lemonade Insurance Company files for licences in 46 states
December 22, 2016 by Canadian UnderwriterLemonade Insurance Company announced on Friday that it has filed for a licence in 46 states and the District of Columbia in the United States, in addition to New York, where it was licensed three months ago. Lemonade, the renters…
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…
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…
Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re
September 12, 2016 by Canadian UnderwriterTechnological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as…