Ontario launches consultations to cut red tape in financial services sector
December 1, 2016 by Canadian UnderwriterThe province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be…
Transport Canada does not systematically consult with stakeholders like insurers on vehicle safety standards: Auditor General
November 29, 2016 by Canadian UnderwriterTransport Canada (TC) does not develop motor vehicle safety standards to respond to emerging risks and issues in a timely manner and does not systematically consult with important stakeholders, such as insurers, according to the Auditor General of Canada’s latest…
Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS
November 28, 2016 by Canadian UnderwriterNew and emerging risks are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, notes a new global report issued Monday by Allianz Global Corporate & Specialty (AGCS). “There is a growing…
Ontario’s Ministry of Transportation launches automated vehicle pilot program
November 28, 2016 by Canadian UnderwriterOntario’s Ministry of Transportation (MTO) announced on Monday that it is launching “the first automated vehicle (AV) pilot program in Canada,” led by the University of Waterloo, the Erwin Hymer Group and BlackBerry QNX. The pilot brings together a range…
Deep learning, autonomy will accelerate birth of new US$1 trillion autonomous mobility services market by 2030: KPMG
November 25, 2016 by Canadian UnderwriterA new “mobility services market” tied to products and services related to autonomy, mobility and connectivity will be worth well over US$1 trillion globally by 2030, according to a new report from KPMG. Deep learning – an advanced form of…
Updated new vehicle sales in Canada for October show smaller drop
November 4, 2016 The Canadian PressRICHMOND HILL, Ont. – DesRosiers Automotive figures for new vehicle sales in Canada in October – including previously unavailable sales numbers by Ford – saw a 5.2 per cent decline compared with the same month last year. An earlier version…
Calgary-based InsureMy partners with U.K. telematics provider to distribute new driver program to Canadian drivers
November 2, 2016 by Canadian UnderwriterCalgary-based brokerage InsureMy Ltd. and United Kingdom-based telematics provider Trak Global Group announced on Wednesday a partnership through an exclusive licensing agreement enabling InsureMy to “distribute products from the Trak/Carrot [Insurance] brand to maximize distribution points throughout Canada.” Trak Global…
Autonomous vehicle tech company Nauto enters into strategic agreements with Allianz Ventures, BMW and Toyota
October 11, 2016 by Canadian UnderwriterAutonomous vehicle technology company Nauto announced on Friday that it has entered into strategic agreements with BMW i Ventures, the Toyota Research Institute and Allianz Ventures, part of global financial services provider and insurance company Allianz Group. These companies have…
Reaping the Whirlwind
October 11, 2016 Emily Atkins, EditorTornado gives Doerr Claims Services a quick start
Autonomous cars will reach sales of 24 million units in 2030 from 0.2 million in 2020: research report
October 5, 2016 by Canadian UnderwriterThe 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,…
Global connected car production to grow rapidly over the next five years: Gartner
September 29, 2016 by Canadian UnderwriterConnected car production is growing rapidly in both mature and emerging automobile markets and that growth is expected to continue over the next five years, according to the latest forecast from Gartner, Inc., a Stamford, Conn.-based information technology research and…
Ontario police, transportation ministry “at odds” about process for re-VINing vehicles: Court
September 8, 2016 by Canadian UnderwriterEvidence presented in an Ontario court shows “a fundamental difference of opinion between automotive recyclers” and police about “legitimate” reasons for transferring vehicle identification number (VIN) plates from one vehicle or part to another, the Court of Appeal for Ontario…