Tech
Nine in 10 global cybersecurity and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued on Wednesday by global insurer American International Group, Inc (AIG). The survey found that industries most likely to face a systemic attack include financial services […]
By Canadian Underwriter | May 11, 2017
3 min read
HR
London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing McFarlan Rowlands to enhance their portfolio and strengthen their presence in the current marketplace, the […]
By Canadian Underwriter | May 10, 2017
2 min read
Drivers using automated driver support systems responded worse than those manually driving in terms of reaction time, lane departure duration and “maximum steering wheel angle to an induced lane departure event,” a new study has found. Published in the June issue of the Journal of Safety Research, the study quantified drivers’ response to a safety […]
By Canadian Underwriter | May 8, 2017
Uber has announced that Toronto will be the first international research hub of its Advanced Technologies Group. The technology company also welcomed Raquel Urtasun, an associate professor at the University of Toronto “and one of the world’s leading researchers in the fields of machine perception and artificial intelligence,” to Uber. Urtasun’s work focuses on developing […]
Legal / Regulation
Global demand for new vehicles will increase 1% to 2% in 2017, according to Fitch Ratings’ latest U.S. Automotive Handbook, published on Wednesday. The handbook noted that growth in China, Europe and Brazil will more than offset demand declines in the United States, Japan and South Korea. In the U.S. specifically, Fitch expects sales to […]
By Canadian Underwriter | May 4, 2017
How much of a priority organizations view IT services seems to be influencing decisions around using in-house resources rather than outsourcing services to an external vendor, suggests a new survey of IT decision-makers south of the border. Released Wednesday, the research indicates surveyed enterprises are increasingly tapping internal and U.S. resources to address IT services […]
4 min read
Insurtech funding in the first quarter of this year saw funding volume of US$283 million, a 64% drop from the first quarter of 2016’s total of US$783 million, likely the result of “start-ups moving from fundraising to product launch stage,” a new report from Willis Towers Watson (WTW) Securities said. WTW Securities, the investment banking […]
By Canadian Underwriter | May 2, 2017
Technology is driving change in the vehicle manufacturing sector, prompting property and casualty insurers to consider how best to protect an already-pressured auto book. Will partnering with vehicle makers offer an opportunity to share the driver's seat as highly automated and then autonomous vehicles take hold? Or will changing use patterns and battles over data relegate insurers to thumbing a ride?
By Angela Stelmakowich, Editor | May 1, 2017
12 min read
The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada. The summary, published on Monday on the Bureau’s fintech portal, follows a workshop in late […]
By Canadian Underwriter | May 1, 2017
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced a “non-repayable contribution” of up to $2.5 million to Wilfrid Laurier University in Waterloo, Ont. to support a national “scale-up data platform.” The platform will “capture and track metrics of Canadian companies and provide invaluable insights into why early-stage companies fail or succeed,” […]
By Canadian Underwriter | April 28, 2017
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