Tech
The Transportation Safety Board of Canada is reiterating a call it made 14 years ago for the federal government to put standards in place for data recorders in train locomotives. TSB is a separate organization from Transport Canada that investigates incidents in aviation, marine, pipelines and rail. TSB recommended in 2003 that Transport Canada, “in […]
By Canadian Underwriter | January 13, 2017
3 min read
HR
Worldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth rate is down from earlier projections of 3%. “2017 was poised to be a rebound […]
2 min read
Canadian Underwriter magazine and DMTI Spatial are offering a webinar Feb. 15th on advanced analytics and location intelligence. The webinar, scheduled at 10:00 a.m. Eastern time, is titled Adapting to Digital Disruptions: How Advanced Analytics and Location Intelligence Helps the Insurance Industry Embrace Trends. Scheduled to speak at the webinar are: Mukul Ahuja, senior manager […]
By Canadian Underwriter | January 12, 2017
1 min read
Worldwide purchases of 3D printers, materials, software, and related services are expected to experience a five-year compound annual growth rate (CAGR) of 22.3%, with revenues reaching US$28.9 billion in 2020, according to the International Data Corporation (IDC). Earlier this week, IDC updated its Worldwide Semiannual 3D Printing Spending Guide, reporting that global purchases of 3D […]
While “hot” topic areas like social media, mobile, analytics, big data, cloud, digital and Internet of Things (IoT) are still discussed more than they are deployed in most cases in the insurance industry in the United States, the balance is shifting, suggests a new report from Novarica. The fourth annual emerging technology report, released on […]
Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their insurance, banking and retirement planning, according to a new report by Accenture. The 2017 Global Distribution & Marketing Consumer Study, released by the global professional services company on Wednesday, […]
By Canadian Underwriter | January 11, 2017
4 min read
The City of Toronto has announced its Vision Zero Road Safety Plan for 2017, which includes 45 new measures that will be introduced this year targeted at eliminating fatalities and reducing serious injuries, with an emphasis on pedestrians, aggressive and distracted driving, school children, older adults and motorcyclists. Toronto Mayor John Tory and city councillor […]
The risk of cyber incidents has plummeted from first to fifth place among Canadian respondents in an annual survey by Allianz of the most important business risks, while more than one in seven Canadian respondents identified quality deficiencies, serial defects and product recall as one of the top business risks. Allianz Global Corporate & Specialty […]
Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it is introducing inland and ocean marine insurance in Canada. John Evans, vice president of marine with BHSI, said in a press release that with Gord Rider, who was named senior marine underwriter, at the helm, “BHSI in Canada has launched ocean marine products – including […]
By Canadian Underwriter | January 10, 2017
Thunder Bay, Ont.-based brokerage Smith & Associates Insurance has announced its consolidation with The Standard Insurance Brokers, effective Tuesday. This consolidation will allow both organizations to offer a broader scope of products to clients, enhance their long established relationships with current insurance partners and pursue new technology and digital solutions, Smith & Associates said in […]
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