Property and casualty insurers in Canada, as elsewhere, are well-advised to keep and eye out for existing and emerging risks and opportunities. But with challenges ranging from economic factors to new risk surrounding cyber security, how can insurers capitalize on opportunity?
Does the attitude of Canadian businesses create obstacles for innovation? A recent survey by The Conference Board of Canada shows that dealing with the top-rated innovation constraints would help businesses embrace more risk-taking and greater innovative activity.
TECHNOLOGY Potential economic benefit of driverless cars $65 billion annually Automated vehicles (AVs) – or self-driving cars – could be on Canadian roads between 2020 and 2025, with the economic benefits being more than $65 billion annually, reports the Conference…
Data security has always been an issue, but perhaps no more so than today. A recent survey of about 1,500 Canadians clearly shows, however, that awareness of data security lags concern.
The property and casualty industry in Canada has some work to do to determine the complex liability and coverage issues that are likely to unfold with the anticipated increase in use of drones. Globally, however, Canada is leading the way in permitting commercial drone and mandating that insurance protection be purchased.