Canadian Underwriter

Internet of Things

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Advanced analytics and other emerging technologies revolutionizing public sector agencies: Accenture

November 16, 2016 by Canadian Underwriter

Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new

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In world of Internet-enabled things, U.S. says security needed

November 16, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON – The Obama administration urged tech companies to make millions of devices safe from hacking, underscoring the risks posed by an increasingly bewildering array of internet-connected products permeating daily life, covering everything from fitness trackers to computers in automobiles.

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Half of smart city objectives will include climate change, resilience and sustainability key performance indicators by 2020: Gartner

November 10, 2016 by Canadian Underwriter

By 2020, half of all smart city objectives will include climate change, resilience and sustainability key performance indicators (KPIs), Gartner, Inc., the Stamford, Conn.-based information technology research and advisory company reported. Cities are defining new objectives and placing them into

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IoT infrastructure investments to be covered by new industrial insurance

November 2, 2016 by Canadian Underwriter

Relayr is partnering with Hartford Steam Boiler (HSB), part of Munich Re, to develop customized insurance products to help relayr customers making Internet of Things (IoT) investments protect their return on those investments. Pointing out that that HSB has 150

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Autonomous cars will reach sales of 24 million units in 2030 from 0.2 million in 2020: research report

October 5, 2016 by Canadian Underwriter

The first autonomous cars will debut in 2020, with the total number of new registrations forecasted to grow at a compound annual growth rate (CAGR) of 62% from 0.2 million units in 2020 to reach 24 million units in 2030,

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Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re

September 12, 2016 by Canadian Underwriter

Technological 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

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Business intelligence data analytics users in U.S. say structured data tops unstructured data: Clutch

August 16, 2016 by Canadian Underwriter

The 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%

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Cyber security enters U.S. manufacturers’ Top 10 risks: BDO

June 22, 2016 by Canadian Underwriter

Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in

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Transforming Commercial

June 1, 2016 Clinton D'Souza, Manager, Canadian Operations, Starr Insurance & Reinsurance Limited

Canada’s insurance industry, already focused on innovation in the personal lines market, needs to expand its view. Innovation in the commercial lines space holds great promise for creating new business models, developing new partnerships and taking advantage of the data that the Internet of Things offers.

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Small Matters

June 1, 2016 David Pivato, Vice President, Boiler Inspection and Insurance Company of Canada

Use of microelectronics and controls is ubiquitous today. But along with the efficiency and performance that microelectronics offer, equipment that is smaller, faster and smarter also brings with it vulnerabilities and the chance of breakdowns that could prove disruptive and costly.

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Success for insurers involves “dramatic” transformation of workforces and cultures for digital world: Accenture study

April 26, 2016 by Canadian Underwriter

Insurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and

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Things to Consider

April 1, 2016 Brian Rosenbaum, Senior Vice President, Financial Services Group,and National Director, Legal and Research Practice, Aon Reed Stenhouse Inc.

The Internet of Things brings with it both risks and rewards. But given the exclusions and wording issues in a number of policies, coupled with the paucity of judicial analysis, policyholders should not assume that coverage is available in the event of an IoT-related loss.