Tech
WASHINGTON – The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released Thursday is the latest by University of Utah professor David Strayer, who has […]
By Jason Contant | October 5, 2017
3 min read
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 in a new report. Of the more than 100 utility decision-makers from 20-plus countries who […]
By Canadian Underwriter | October 5, 2017
6 min read
The connected home, including smart appliances, is transforming everyone’s lives. What are the challenges, risks and risk management strategies to address this transformation?
By Derrick Hughes, Vice President, Reinsurance, Assumed and Strategic Products, The Boiler Inspection and Insurance Company of Canada | October 4, 2017
Leaf Forward – which describes itself as “Canada’s first cannabis business accelerator” – reported on Wednesday that it has launched successfully, hosting two founders classes, where 12 cannabis start-ups participated in a full day of “intensive mentoring” with industry leaders. A broad range of cannabis businesses were represented, Leaf Forward said in a press release, […]
By Canadian Underwriter | October 4, 2017
2 min read
XL Catlin’s internal innovation team Accelerate announced that it is working with Cytora, a United Kingdom-based insurtech start-up that uses artificial intelligence (AI) and open source data to improve the way insurers quantify, select and price risk. A joint press release issued on Monday from XL Catlin and Cytora said that the insurance and reinsurance […]
Aviva may launch a cyber product in Canada later this year, the insurer’s CEO of International Insurance said during the National Insurance Conference of Canada (NICC) on Monday. Calling cyber “one of the big future insurance pools,” Maurice Tulloch noted that Aviva currently offers cyber cover for small- and medium-sized enterprises (SMEs) in the United […]
New research out of the United States assessing 600 start-ups identified as relevant for personal lines insurers indicates these new players may fail, but they are having a tangible impact on the p&c insurance industry and how it delivers services, Strategy Meets Action (SMA) reports. The report, InsurTech and Personal Lines: Examples, Use Cases, and […]
Legal / Regulation
VICTORIA – An election promise to bring ridesharing to British Columbia by the end of the year has taken a detour as the NDP government says safety of passengers and operators comes first. Transportation Minister Claire Trevena said Tuesday the government is studying safety and regulatory issues and she can’t say when ridesharing operations like […]
By Jason Contant | October 4, 2017
HR
The insurance policy renewal process is both inefficient and cumbersome and needs to be fixed, speakers suggested on Monday at the National Insurance Conference of Canada (NICC) in Quebec City. “It’s a total disaster; it’s not working at all,” charged Franck Baron, chairman of the Singapore-based Pan Asia Risk & Insurance Management Association (PARIMA) during […]
More than four in five Americans surveyed believe that owners of fully driverless vehicles should have auto insurance and more than a third believe that safety issues will delay or prevent their widespread availability, a survey released Tuesday by American International Group Inc. suggests. New York City-based AIG said its Autonomous Vehicle Insights study includes […]
By Canadian Underwriter | October 3, 2017
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