Failure to make supply chains Brexit-ready could cut key industries’ net profits an average of 30%
February 7, 2017 by Canadian UnderwriterU.K. companies waiting for a clearer sense of the future under Brexit is a risky supply chain strategy that could result in net profits across key industries plummeting an average of 30%, suggests a new study released Tuesday by Bain…
Global IoT insurance market to reach nearly US$43 billion by 2022: study
February 6, 2017 by Canadian UnderwriterThe global Internet of Things (IoT) insurance market is estimated to grow dramatically at a compound annual growth rate (CAGR) of 65.89% to reach US$42.76 billion by 2022 from 2016, according to a new report from Research and Markets. The…
Soft and hard disruptors will vastly transform Canadian collision industry in next 10 years: CCIF speaker
January 27, 2017 Jason Contant, Online EditorThe Canadian collision industry will be “ripped apart beyond belief” in a decade by several disruptors, including connected autonomous vehicles and ridesharing, a speaker suggested Friday at the Canadian Collision Industry Forum (CCIF) meeting in Vaughan, Ont. Andrew King, managing…
Global consumers skeptical about safety of fully autonomous vehicles: Deloitte study
January 18, 2017 by Canadian UnderwriterConsumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study, What’s ahead for…
A Minor Adjustment
January 17, 2017 Emily Atkins, EditorNew name, same service for T&L Adjusters
Three Takata workers indicted, accused of hiding air bag defects
January 13, 2017 Tom Krisher, Dee-Ann Durbin and Ed White - THE ASSOCIATED PRESSDETROIT – A federal grand jury in Detroit has indicted three former employees of Takata Corp., charging them with concealing deadly defects in the Japanese company’s automotive air bag inflators. The indictments on six counts of conspiracy and wire fraud…
Worldwide spending on 3D printing to reach US$29 billion in 2020: International Data Corporation
January 12, 2017 by Canadian UnderwriterWorldwide purchases of 3D printers, materials, software, and related services are expected to experience a five-year compound annual growth rate (CAGR) of 22.3%, with revenues reaching US$28.9 billion in 2020, according to the International Data Corporation (IDC). Earlier this week,…
Crawford & Company finalizes majority acquisition of WeGoLook
January 5, 2017 by Canadian UnderwriterCrawford & Company announced on Thursday that it has finalized its majority acquisition of WeGoLook LLC, an online and mobile collaborative economy platform headquartered in Oklahoma City. Crawford & Company, an independent provider of claims management solutions to insurance companies…
Belron Canada announces acquisition of vehicle damage repair company Speedy Collision
January 3, 2017 by Canadian UnderwriterBelron Canada has announced the acquisition of Speedy Collision, a network of 24 franchise collision centres located across Alberta, Saskatchewan and Ontario. Like other retail businesses, the automotive aftermarket service industry is changing as customers are more and more influenced…
Telematics subscribers using embedded systems to reach 170 million worldwide by 2021, from 26.5 million at the end of 2015: report
December 21, 2016 by Canadian UnderwriterThe number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 36.4% from 26.5 million subscribers at the end of 2015 to 170.2 million subscribers at the end of 2021, according to…
BlackBerry creates autonomous vehicle innovation centre in Ottawa
December 20, 2016 by Canadian UnderwriterBlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in…
Insurance undergoing “a fundamental structural change”: KPMG speaker
December 8, 2016 by Angela StelmakowichThe insurance industry is undergoing structural change with the emergence of platform-based business models and insurers need to ready themselves to be able to take part, Matthew Smith, insurance co-lead for the Global Strategy Group at KPMG, suggested during the…