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Canadian insurers report 1.7% written premium price level increase in Q2: Willis Towers Watson CLIPS Canada survey
October 5, 2016 by Canadian UnderwriterRespondents to Willis Towers Watson’s (WTW) latest Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada) have reported a 1.7% written premium price level increase during the second quarter of 2016 compared to the prior year quarter. Data was contributed…
Cyber and data privacy breaches top risk for global transportation industry executives: Willis Towers Watson study
October 3, 2016 by Canadian UnderwriterThe increased security threat from cyber and data privacy breaches is the number one risk on the minds of executives in the global transportation industry, according to a new report released on Monday by Willis Towers Watson (WTW). Willis Towers…
Industry must more effectively harness potential of satellite, drone and aerial technologies: Guy Carpenter’s head of cat planning & response
September 12, 2016 by Canadian UnderwriterAdvances in the development of “visual intelligence” based on multiple data sources, including satellite imagery and drone footage, have the potential to significantly enhance claims and catastrophe response processes and underwriting decision making when companies harness that potential effectively, according…
Scientists use undersea drones to help predict hurricanes
September 8, 2016 Mark Pratt - THE ASSOCIATED PRESSBOSTON – As Hermine worked its way up the East Coast, scientists deployed several underwater drones they say will help them better understand what sustains and strengthens hurricanes and tropical storms – and ultimately better protect life and property. The…
Report details missed opportunities to stop OPM cyber breach
September 7, 2016 Eric Tucker - THE ASSOCIATED PRESSWASHINGTON – It was time to purge the hacker from the U.S. government’s computers. After secretly monitoring the hacker’s online movements for months, officials worried he was getting too close to critical information and devised a plan, dubbed “the Big…
U.S. traffic fatalities up 7.2% in 2015 from previous year, ending five-decade decline: NHTSA
August 30, 2016 by Canadian UnderwriterMore than 35,000 people in the United States lost their lives in traffic crashes in the United States last year, ending a five-decade trend of declining fatalities, the National Highway Traffic Safety Administration (NHTSA) reported on Monday. A total of…
Cybercriminals recruiting insiders to attack telecommunication providers: Kaspersky
August 22, 2016 by Canadian UnderwriterCybercriminals are using insiders to gain access to telecommunications networks and subscriber data, according to an intelligence report from global cybersecurity company Kaspersky Lab. In addition to targetting insiders, these criminals are also recruiting disillusioned employees through underground channels and…
Business intelligence data analytics users in U.S. say structured data tops unstructured data: Clutch
August 16, 2016 by Canadian UnderwriterThe lion’s share of business intelligence (BI) data analytics users in the United States taking part in a recent Clutch survey regard structured data like internal information as more important than unstructured data, such as social networks. In all, 83%…
University of Calgary professor using NASA satellite data to help forecast forest fires
July 26, 2016 by Canadian UnderwriterAn engineering professor from the University of Calgary is using freely accessible satellite data from NASA to create five classes of forest fire risk to help accurately predict where these hazards might strike. Quazi Hassan, a geomatics engineering associate professor…
90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report
July 14, 2016 by Canadian UnderwriterNine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey…
Executives want insurance decision-making to be faster: PwC report
June 29, 2016 by Canadian UnderwriterExecutives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,…
U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson
June 13, 2016 by Canadian UnderwriterCommercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by…