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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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Misconfigured cloud-based file repository exposes personal information of as many as 14 million U.S. Verizon customers

July 14, 2017 by Canadian Underwriter

A “misconfigured cloud-based file repository” exposed the names, addresses, account details and account personal identification numbers (PINs) of as many as 14 million U.S. customers of telecommunications carrier Verizon, according to a recent blog from computer security company UpGuard. The

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims

July 13, 2017 by Canadian Underwriter

CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more

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“Industry-specific disruptive technologies” to contribute to increase in worldwide IT spending: Gartner

July 13, 2017 by Canadian Underwriter

Worldwide IT spending is projected to total US$3.5 trillion, a 2.4% increase from last year, driven in part by “industry-specific disruptive technologies,” Gartner Inc. reported on Thursday. “Digital business is having a profound effect on the way business is done

News InsuranceMergers and AqcuisitionsTechnology

California firm Digital Map Products acquires DMTI Spatial

July 12, 2017 by Canadian Underwriter

Irvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s

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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

News InsuranceMarkets / CoveragesTechnology

U.S. company launches cloud for insurance, brings drone platform to p&c sector

June 22, 2017 by Canadian Underwriter

California-based Kespry is moving deeper into vertical markets with its formal entry into the insurance sector south of the border. The move follows extensive field tests and insurance-specific improvements designed together with customers and industry leaders, reports the aerial intelligence

Feature Technology

In Transformation

June 21, 2017 Frank Attaie, Associate Vice President, Financial Services Sector, IBM Canada

Canada’s property and casualty insurance industry is undergoing a true transformation, driven in large part by staggering advances in technology and ever-increasing demands. What will the industry look like in 10 years? And what do organizations need to do to ensure they gain a competitive advantage?

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Insurance industry will be “profoundly disrupted” by technological change, global forum hears

June 15, 2017 by Canadian Underwriter

The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on

News Technology

Hurdles to digital transformation remain, half of respondents have formal strategy: global survey

May 24, 2017 by Canadian Underwriter

Some things seem to persist, including how inflexible IT systems, organizational silos and security concerns continue to rear their heads as obstacles to global enterprises adopting formal strategies for digital transformation. So suggests the Enterprise Digital Transformation Strategies: Turning Disruption

News InsuranceMarkets / CoveragesTechnology

Toyota Research Institute exploring blockchain for possible use in autonomous driving technology

May 23, 2017 by Canadian Underwriter

The Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with

News InsuranceTechnology

U.S. enterprises reporting renewed preference for in-house, domestic IT services: Clutch survey

May 4, 2017 by Canadian Underwriter

How much of a priority organizations view IT services seems to be influencing decisions around using in-house resources rather than outsourcing services to an external vendor, suggests a new survey of IT decision-makers south of the border. Released Wednesday, the