Canadian Underwriter

Keyword
North America

News InsuranceTechnology

Utilities cautioned to act now to strengthen their cyber security defences: Accenture

October 5, 2017 by Canadian Underwriter

Unprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Nearly two billion data records compromised in first half of 2017: report

September 22, 2017 by Canadian Underwriter

More than 900 data breaches led to nearly two billion records being compromised worldwide in the first half of 2017, digital security company Gemalto said in a new report. In the first six months of this year, 918 data breaches

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Fiat Chrysler Automobiles to join BMW, Intel and Mobileye in developing autonomous driving platform

August 18, 2017 by Canadian Underwriter

BMW Group, Intel and Mobileye (an Intel company) announced earlier this week that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing a “world-leading,

News CatastrophesClimate ChangeInsurance

Study links major floods in North America and Europe to “multi-decade ocean patterns,” says number of major floods has not increased overall

August 14, 2017 by Canadian Underwriter

The number of major floods in natural rivers across Europe and North America has not increased overall during the past 80 years, rather the occurrence of major flooding in these two continents often varies with North Atlantic Ocean temperature patterns.

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

P&C reinsurance gross written premiums for half-year up 17.3% to 5.4 billion euros for Hannover Re

August 10, 2017 by Canadian Underwriter

Hannover Re has reported a 17.3% increase in property and casualty reinsurance gross written premiums (GWP) for the first half of the year to 5.4 billion euros from 4.6 billion euros in H1 2016. “The main driver was once again

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Ontario and Michigan launch North America’s first cross-border automated vehicle test drive

July 31, 2017 by Canadian Underwriter

Ontario and Michigan are completing North America’s first cross-border automated vehicle test drive, Ontario’s Ministry of Transportation (MTO) reported on Monday. The test drive began in Detroit and will continue from the Ontario cities of Windsor and Sarnia before crossing

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Worldwide small- and medium-sized business IT spending to top US$676 billion in 2021: International Data Corporation

July 26, 2017 by Canadian Underwriter

Total IT spending by small- and medium-sized businesses (SMBs) around the globe will approach US$568 billion in 2017 and increase by more than $100 billion to exceed US$676 billion in 2021, according to the International Data Corporation (IDC). IDC, the

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

News InsuranceMarkets / CoveragesProductsTechnology

North America world’s most advanced smart home market: Berg Insight

July 14, 2017 by Canadian Underwriter

North America is the world’s most advanced smart home market, with an installed base of 21.8 million smart homes at the end of 2016 – a 47% year-on-year growth, according to machine-to-machine (M2M) and Internet of Things (IoT) analyst firm

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

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Global premiums up in 2016, growth lower but outlook still positive: Swiss Re

July 5, 2017 by Canadian Underwriter

The 3.7% increase in global insurance premiums on the non-life side in 2016 was driven by expansion among the emerging countries and exceptional performance in China, although growth weakened in advanced economies, Swiss Re Institute suggests in its latest sigma

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

35% of top global insurers have appointed a chief digital officer to oversee business transformation: PwC’s Strategy&

June 26, 2017 by Canadian Underwriter

More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy