Legal / Regulation
Canadian property and casualty insurers should expect that the adoption of the new financial accounting standard, International Financial Reporting Standard 17, will take some work and investment. That said, any growing pains should give way to greater comparability with global jurisdictions and, in many cases, more helpful financial reporting.
By Dana Chaput, Insurance Accounting Change Lead, KPMG in Canada | July 26, 2017
5 min read
Tech
Total IT spending by small- and medium-sized businesses (SMBs) around the globe will approach US$568 billion in 2017 and increase by more than $100 billion to exceed US$676 billion in 2021, according to the International Data Corporation (IDC). IDC, the Framingham, Mass.-based global provider of market intelligence, advisory services and events for the IT, telecommunications […]
By Canadian Underwriter | July 26, 2017
3 min read
Artificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and CB Insights. But despite the record high in AI deals, investments in venture-backed companies based […]
U.S.-based TechCanary has enhanced its insurance platform for the Canadian market to allow brokers and insurers access to additional Canada-specific capabilities around p&c lines of business meant to help them to deliver more responsive and predictive offerings to customers. TechCanary announced Tuesday that the company’s customers now have access to a broker management system (BMS) […]
More than six in 10 Canadians (62%) oppose or somewhat oppose banning ridesharing services such as Uber, according to recent polling conducted by Nanos Research. When asked their level of support for banning services like Uber, slightly more than three in five Canadians oppose (41%) or somewhat oppose (21%), while less than three in ten […]
By Canadian Underwriter | July 25, 2017
2 min read
Customer wants, needs and demands are guiding players in Canada’s fintech space toward developing simpler, more transparent and customer-centric financial services products, with insurance expected to see a big increase in uptake in future, suggests new research released Tuesday by Ernst & Young (EY). EY’s Fintech Adoption Index 2017: The rapid emergence of FinTech shows […]
By Angela Stelmakowich | July 25, 2017
6 min read
The balancing act demanded of employees trying to meet the twin goals of efficiency and data safety makes the people side of data security critically important. Organizations must design security programs that implement a mix of solutions to address security awareness, enablement and protection in the workforce.
By Brett Hansen, Vice President, Endpoint Data Security and Management, Dell | July 24, 2017
The number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions. The half-year record represents a “significant jump” of 29% over 2016 figures during the same […]
By Canadian Underwriter | July 24, 2017
4 min read
DETROIT – Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San Francisco-based ride-hailing service said it will open its network, inviting automakers and tech companies to use it to haul passengers […]
By Jason Contant | July 24, 2017
The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based Juniper Research. Sharing Economy: Opportunities, Impacts & Disruptors 2017-2022, predicts that sharing economy-related platform provider […]
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