Pressure Change
October 11, 2017 Emily Atkins, EditorRisk barometer reflects evolving threats to business
Willis Re supports B3i blockchain insurance industry initiative
October 2, 2017 by Canadian UnderwriterWillis Re is supporting the B3i initiative – the global blockchain effort launched last fall – by becoming a member and taking part in its prototype market testing phase. The announcement follows the successful launch of a working market testing…
Shifting liability related to autonomous vehicles among challenges for risk managers: RIMS speaker
September 29, 2017 Jason Contant, Online EditorShifting liability and “the period of intersection” between conventional vehicles and fully autonomous vehicles (AVs) will be among the challenges facing risk managers in the future, attendees to the RIMS Canada Conference heard earlier this week. Consider “public road liability”…
Nearly one-half of Canadian SMB employees believe their company is at risk of cyberattack: survey
September 27, 2017 by Canadian UnderwriterNearly one-half (46%) of Canadian small- and medium-sized businesses (SMBs) believe that their organization is at risk of experiencing a cyberattack, according to a new survey from Internet security company ESET Canada. The research, commissioned by ESET Canada and conducted…
Autonomous vehicles will require a reassessment of liability: RIMS Canada Conference speaker
September 26, 2017 Jason Contant, Online EditorAutonomous vehicle (AV) technology will require a reassessment of liability and the uncertainty surrounding liability may even slow the introduction of AV technology, a speaker suggested on Monday at the RIMS Canada Conference. Jim Kidd, project manager at the City…
78% of polled Canadians want to see distracted driving tech solution: Aviva Canada
September 21, 2017 by Canadian UnderwriterNearly four in five polled Canadians (78%) in Newfoundland and Labrador, Ontario and Alberta said they want to see a technology solution that would stop distracted driving by disabling texting and other functions while the driver is behind the wheel,…
73% of polled Saskatchewan voters “strongly oppose” taxing insurance: poll
September 19, 2017 by Canadian UnderwriterThe majority of Saskatchewan voters oppose the provincial government’s decision to add provincial sales tax (PST) to a range of insurance products, according to a poll conducted by Maple Leaf Strategies. In May, the Government of Saskatchewan announced that PST…
Half of Canadians trust self-driving cars, 30% would replace their vehicle: survey
September 15, 2017 The Canadian Press (CPSTF)About half of Canadian consumers surveyed say they trust autonomous vehicles to get them to their destination but only 30 per cent would replace their current vehicle with a self-driving car. Not surprisingly, acceptance of self-driving technology was greatest with…
Cybercriminals will shift focus from data to threatening human life, cybersecurity expert predicts
September 13, 2017 Jason Contant, Online EditorCybercriminals will navigate away from their focus on data and start to target or threaten human life in the near future, cybersecurity expert Kevvie Fowler suggested in an interview with Canadian Underwriter. “Moving forward the next five or ten years,…
U.S. House of Representatives passes bill to speed deployment of self-driving cars
September 7, 2017 Joan Lowy - THE ASSOCIATED PRESSWASHINGTON – The House voted Wednesday to speed the introduction of self-driving cars by giving the federal government authority to exempt automakers from safety standards not applicable to the technology, and to permit deployment of up to 100,000 of the…
‘Persistent low interest rate environment’ among factors affecting Canadian P&C financial performance in 2016: A.M. Best
September 6, 2017 Greg Meckbach, Associate EditorAs the Bank of Canada announced Wednesday its second rate hike in less than two months, an analyst with A.M. Best Company Inc. suggested to industry professionals that a 2.1-point increase in the industry-wide operating ratio in the Canadian property…
Manitoba Public Insurance and RCMP partner to promote gravel road safety
August 28, 2017 by Canadian UnderwriterManitoba Public Insurance (MPI) has announced a partnership with the RCMP for a joint public awareness and enforcement campaign specific to gravel roads in the province. The campaign, which began in April and is continuing into the fall, aims to…