Tech
Global software company Symbility Solutions Inc. announced on Wednesday that it has entered into a new partnership with Toronto-based DeepLearni.ng to bring artificial intelligence (AI) solutions into property insurance. Symbility said in a press release that “by closely collaborating with Symbility’s leadership, DeepLearni.ng has completed a comprehensive assessment of current opportunities in the company for […]
By Canadian Underwriter | August 2, 2017
3 min read
HR
A huge divide exists between consumer expectations of their digital service experience and what is being delivered, with three-quarters of recently polled consumers in Australia reporting they will stop trying a digital app or service within a minute if it stops working or slows down. Findings in State of Digital Operations: Australia, clearly show “a […]
4 min read
DETROIT – A government effort to speed up recalls of more than 21 million of the most dangerous Takata air bag inflators is falling short, according to an analysis of completion rates by The Associated Press. Nearly 10 million inflators with the highest risk of rupturing remained in use as of March 31, the latest […]
By Jason Contant | August 1, 2017
5 min read
Ransomware attacks continued their rise in the first half of 2017, up by 50% over the first half of 2016, but accidental breaches continue to be a major problem and account for 30% of breaches overall, specialist insurer Beazley reported on Tuesday. Beazley, which offers cyber and data breach response insurance, released its latest Beazley […]
By Canadian Underwriter | August 1, 2017
Legal / Regulation
As consumer expectations change, insurance carriers are moving towards fully digitizing more processes, including payment gateway technology, research and advisory firm Novarica said recently. In a new executive brief titled Payment Gateways in Insurance, Boston, Mass.-based Novarica provided an overview of how payment gateways allow insurers to respond to customer needs, as well as trends, […]
2 min read
Blockchain technology is an increasing consideration among surveyed company representatives around the world, with most firms that have reached the proof of concept (PoC) reporting they expect to roll out solutions by the end of next year, Juniper Research reports. Juniper Research received responses from 369 company founders, executives, managers and IT worldwide who took […]
Canadian onshore wind development faces a number of major threats — many the same as those globally, but some unique to the country. Throwing caution to the wind is not advised. Instead, keeping abreast of the latest technological developments and adopting measures to transfer risk are imperative to maintaining safe and profitable operations.
By Jatin Sharma, Head of Business Development, GCube Insurance | July 31, 2017
6 min read
Ontario and Michigan are completing North America’s first cross-border automated vehicle test drive, Ontario’s Ministry of Transportation (MTO) reported on Monday. The test drive began in Detroit and will continue from the Ontario cities of Windsor and Sarnia before crossing back over the border, MTO said in a press release. The drive will conclude in […]
By Canadian Underwriter | July 31, 2017
Operations
OTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product grew by 0.6 per cent for the month. Economists had expected an increase of 0.2 […]
By Jason Contant | July 28, 2017
IOActive, Inc., a “research-driven, high-end information security services” firm headquartered in Seattle, Wash., announced on Wednesday that its research has found a number of cybersecurity vulnerabilities in widely deployed radiation monitoring devices (RMDs). RMDs are used to monitor the radiation found in critical infrastructure, such as nuclear power plants, seaports, borders, and even hospitals, IOActive […]
By Canadian Underwriter | July 27, 2017
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