Tech
Trying and accepting the possibility of failure has proved an effective way for organizations to clear the aversion-to-risk hurdle and advance toward digital maturity, notes a new study from MIT Sloan Management Review and Deloitte Digital. In all, 71% of digitally maturing organizations have conquered the risk-aversion barrier by encouraging their organizations to experiment and […]
By Canadian Underwriter | July 14, 2017
4 min read
North America is the world’s most advanced smart home market, with an installed base of 21.8 million smart homes at the end of 2016 – a 47% year-on-year growth, according to machine-to-machine (M2M) and Internet of Things (IoT) analyst firm Berg Insight. “The strong market growth is expected to last for years to come, driving […]
2 min read
CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more than three years of research, will see CRU’s Glenn Smith, who has 27 years of […]
By Canadian Underwriter | July 13, 2017
Worldwide IT spending is projected to total US$3.5 trillion, a 2.4% increase from last year, driven in part by “industry-specific disruptive technologies,” Gartner Inc. reported on Thursday. “Digital business is having a profound effect on the way business is done and how it is supported,” John-David Lovelock, vice president and distinguished analyst at Stamford, Conn.-based […]
Irvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s North American footprint,” said a joint press release from both companies. Richmond Hill, Ont.-headquartered DMTI […]
By Canadian Underwriter | July 12, 2017
Legal / Regulation
Half of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build a cognitive organization and released late last week, also found that 73% of those CEOs […]
By Canadian Underwriter | July 11, 2017
3 min read
Forty per cent of employees around the globe hide IT security incidents to avoid punishment, according to a new report from cybersecurity company Kaspersky Lab and market research company B2B International. The report, titled Human Factor in IT Security: How Employees are Making Businesses Vulnerable from Within and released on Monday, also found that dishonesty […]
By Canadian Underwriter | July 10, 2017
VirtualArmour International Inc. has partnered with a global architectural design and engineering firm that services the energy industry to design new security infrastructure in light of the sector increasingly becoming a target for cyber attacks. Under the terms of a new contact between the two companies, VirtualArmour will “design, build and implement new security infrastructure […]
Insurance providers need to use technology to improve their customers’ experience, but sometimes regulation gets in the way, speakers suggested at a recent conference. The insurance industry is “struggling to speed up the process of being more agile,” said Paul MacDonald, RSA Canada’s senior vice president of claims and chief claims officer. “Customers can go […]
By Jason Contant | July 7, 2017
HR
Global professional services firm Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of John Doyle as chief executive officer of Marsh, effective immediately. Doyle will report to MMC president and CEO Dan Glaser and continue to serve on the company’s executive committee, Marsh said in a press release earlier this week. “A highly […]
By Canadian Underwriter | July 7, 2017
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