Tech
Mobile telematics data, while sometimes providing “noisy,” or meaningless information, can also offer rich insights on distracted driving that could impact loss trends, a speaker suggested on Wednesday at the third annual Insurance Analytics Canada Summit in Toronto. Ted Gramer, chief executive officer at Boston, Mass.-based TrueMotion, a mobile telematics data science company, said that […]
By Jason Contant | June 28, 2017
3 min read
There appears to be a divide between middle-market companies fully expecting that disruption will unfold and taking concrete steps to address whatever risk that change may bring, suggest findings of a new study from New York-based Capital One Commercial Bank. Conducted from Apr. 12 to May 8, the study reflects views on disruption in the […]
By Canadian Underwriter | June 28, 2017
4 min read
One month after the massive global WannaCry ransomware attack, “a new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across the world, hitting companies and governments in Europe especially hard,” the Associated Press reported on Tuesday. Officials in Ukraine reported serious intrusions of the country’s power grid as well […]
By Canadian Underwriter | June 27, 2017
Determining where a company should put its digital dollars can be a challenge. Ultimately, mapping potential digital investments to strategic objectives can help an insurer prioritize investments and set a solid foundation for current and future developments.
By Glynda Gill, Digital Strategy Director, Guidewire | June 27, 2017
HR
An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12 months, primarily due to cost pressures, new regulations, increased customer expectations and digital disruption. The […]
By Canadian Underwriter | June 26, 2017
2 min read
More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy consulting business. Overall, 19% of the world’s top 2,500 companies have appointed a CDO, Strategy& […]
The cyber line of business is expected to be one of the leading growth areas within the property and casualty space in the United States, with cyber coverages estimated to increase between US$7.5 billion to US$20 billion by 2020, a new report from A.M. Best Company suggested. But despite the growth in direct premiums of […]
By Canadian Underwriter | June 23, 2017
Companies are planning to spend more on cloud computing services in 2017, but must be cognizant that anticipated costs could balloon absent appropriate monitoring and use, suggest survey results released this week by Clutch. Reflecting input from 283 IT professionals at businesses in the United States that use a cloud computing service, Clutch’s Second Annual […]
5 min read
California-based Kespry is moving deeper into vertical markets with its formal entry into the insurance sector south of the border. The move follows extensive field tests and insurance-specific improvements designed together with customers and industry leaders, reports the aerial intelligence platform provider, which develops drone hardware, software and cloud services. Kespry will now be able […]
By Canadian Underwriter | June 22, 2017
The Transportation Safety Board of Canada is calling on the federal government to make cockpit voice recorders and flight data recorders mandatory on more aircraft and to allow use of the data in safety management systems. “In Canada, only multi-engine, turbine-powered commercial aircraft flown by two pilots and carrying six or more passengers” are required […]
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