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Worldwide 3D printer revenue up by more than 18% year-over-year in 2016, report says

June 21, 2017 by Canadian Underwriter

3D printer shipments increased 29%, while revenue grew by more than 18% year-over-year in 2016, according to a new report from Framingham, Mass.-based International Data Corporation (IDC), a global provider of market intelligence, advisory services and events for the information

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Canada second most expensive country for data breaches: IBM and Ponemon Institute study

June 20, 2017 by Canadian Underwriter

Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,

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The Bitfury Group and Risk Cooperative partner to pioneer blockchain applications in insurance intermediation market

June 19, 2017 by Canadian Underwriter

Blockchain technology company The Bitfury Group and risk and insurance advisory firm Risk Cooperative have announced a strategic partnership to pioneer blockchain applications in the US$60 billion insurance intermediation market. Announced on Friday, the partnership will leverage Bitfury’s expertise in

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IBAO & Intact partner to deliver information to customers electronically

June 16, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company announced on Friday that they have created a working group to explore ways for brokers to integrate Intact’s new online Client Centre with their existing systems. This newly-formed group

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FIN10 intrusion operations predominately targeting Canadian organizations: FireEye

June 16, 2017 by Canadian Underwriter

FireEye, Inc. has observed an actor carrying out financially motivated intrusion operations – targeting organizations in North America, but predominately in Canada – that may require a different type of response, the company suggests in a new report. Believed to

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AIG, IBM and Standard Chartered Bank pilot “first multinational insurance policy powered by blockchain”

June 15, 2017 by Canadian Underwriter

American International Group Inc. (AIG), IBM and Standard Chartered Bank plc announced on Thursday that they have successfully piloted what they are calling the “first multinational ‘smart contract’ based insurance policy using blockchain.” Working together, AIG, IBM and international banking

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Cybersecurity company discovers malware designed to perform attacks on power supply infrastructure

June 12, 2017 by Canadian Underwriter

IT security company ESET Canada Inc. reported on Monday that its researchers have been analyzing samples of dangerous malware capable of performing an attack on power supply infrastructure. The malware, named Industroyer by ESET, was likely involved in the December

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Price continues to be hurdles to adoption of smart home devices: survey

June 12, 2017 by Canadian Underwriter

Price is among the top barriers to more people adopting smart home technology to help ease home management pain points in the United States, notes a survey of 1,000-plus adults south of the border released by U.K. smart home brand

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Safe Driving

June 9, 2017 Jack Rozint, Vice President of Sales and Service, Mitchell Auto Physical Damage Solutions

New vehicle safety features, including crush-resistant materials and driver-assist technologies, are reducing highway risk, but they also present a challenge to collision repair providers.

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More drone activity anticipated, safety-first approach essential: SCOR newsletter

June 9, 2017 by Canadian Underwriter

An agile and flexible response by all parties is needed in light of the new and little-understood risks expected to emerge with the anticipated increase in drone activity over the next few years, SCOR experts write in a recent technical

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BlackBerry system geared at helping automakers ensure safe and secure autonomous vehicles

June 8, 2017 by Canadian Underwriter

“There is no safety without security,” John Wall, senior vice president and head of BlackBerry QNX, said this week as part of the launch of a new real-time, type 1 hypervisor that can be used in next-generation connected and autonomous

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Generali Global Assistance launches identity protection platform in Canada

June 7, 2017 by Canadian Underwriter

Generali Global Assistance (GGA), part of the Generali Group, announced on Tuesday that its proprietary identity protection platform is now available for the Canadian marketplace. The offering provides an integrated approach to the four pillars of identity protection: prevention, monitoring,