Keyword
autonomous vehicles
How autonomous vehicles can reduce your claims payouts
December 8, 2017 Jason Contant, Online EditorMore autonomous and semi-autonomous vehicles on the road could potentially result in lower-speed collisions, resulting in a lower severity of damage, a collision repair industry expert told Canadian Underwriter recently. “As we start to see some of these advanced driver…
Introducing autonomous vehicles sooner could save “hundreds of thousands” of lives over time: report
November 8, 2017 by Canadian UnderwriterAutonomous vehicles should only have to be “moderately better” than human drivers before being widely used in the United States, an approach that could save thousands of lives annually even before the technology is perfected, according to a new report…
Yellow Light, Green Light
October 6, 2017 Peter Vlaar, Associate Lawyer, McCague Borlack LLPWill autonomous vehicles change litigation? While the answer to that question is surely “yes,” a deeper dive is needed to fully grasp what related developments could mean for property and casualty insurance. Longer term, a simpler system overall for addressing liability in auto claims is anticipated.
Insurance industry prepared to accommodate or address technological challenges: OSFI’s Henderson
October 2, 2017 Jason Contant, Online EditorDespite the constantly changing landscape, ever since insurance has been around, the industry has “accommodated or addressed” these emerging challenges, attendees to the National Insurance Conference of Canada (NICC) heard on Monday. Neville Henderson, assistant superintendent of the insurance supervision…
Autonomous vehicles will require a reassessment of liability: RIMS Canada Conference speaker
September 26, 2017 Jason Contant, Online EditorAutonomous vehicle (AV) technology will require a reassessment of liability and the uncertainty surrounding liability may even slow the introduction of AV technology, a speaker suggested on Monday at the RIMS Canada Conference. Jim Kidd, project manager at the City…
Federal bill aims to address ‘regulatory challenges’ of disruptive vehicle technologies
September 22, 2017 by Canadian UnderwriterLegislation under consideration by the House of Commons “would increase the flexibility” of federal law to address automated and connected technologies used in vehicles, a member of parliament suggested Wednesday. “Shifts in the global technology landscape are placing a growing…
Construction industry ‘particularly vulnerable to cybercrime,’ Northbridge warns
September 12, 2017 by Canadian UnderwriterLarge and small construction contractors are vulnerable to cyber crime, with “smart” building devices and lucrative engineering drawings in particular presenting vulnerabilities, Northbridge Insurance warns. “Major advancements in digital connectivity have left the construction industry particularly vulnerable to cybercrime,” Northbridge…
AI, “transparently immersive experiences” and digital platforms three megatrends that will allow businesses to survive digitally: Gartner
August 15, 2017 by Canadian UnderwriterArtificial intelligence (AI) everywhere, “transparently immersive experiences” and digital platforms are the three distinct megatrends that will enable businesses to survive and thrive in the digital economy over the next five to 10 years, Gartner, Inc. has reported. The Stamford,…
BlackBerry system geared at helping automakers ensure safe and secure autonomous vehicles
June 8, 2017 by Canadian Underwriter“There is no safety without security,” John Wall, senior vice president and head of BlackBerry QNX, said this week as part of the launch of a new real-time, type 1 hypervisor that can be used in next-generation connected and autonomous…
Canadians want more regulatory review of emerging technologies: Accenture
May 25, 2017 by Canadian UnderwriterCanadians 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…
Autonomous vehicles will shrink U.S. auto OEM collision repair revenue by 48% by 2030: KPMG
May 18, 2017 by Canadian UnderwriterOriginal equipment manufacturers (OEMs) in the United States will see a 48% dent in their lucrative collision parts business as a result of self-driving cars, a new report from audit, tax and advisory firm KPMG. The report Will autonomous vehicles…
Autonomous vehicles will add US$81 billion in new premiums for U.S. auto insurers by 2025: report
May 18, 2017 by Canadian UnderwriterInsurance coverage for autonomous vehicles will bring US$81 billion in new premiums to the auto insurance industry in the United States over the next eight years, according to a new report from Accenture and Stevens Institute of Technology (SIT). The…