Tech
Development of a consistently implemented, policy-driven Canadian fintech strategy focused on fostering innovation is essential and strengthening the fintech ecosystem in the Toronto area should be seen as an imperative for the country’s financial services sector and governments, contends the Toronto Financial Services Alliance (TFSA). Issued Monday by TFSA, the report Seizing the Opportunity: Building […]
By Canadian Underwriter | May 15, 2017
5 min read
AUBURN HILLS, Mich. – Fiat Chrysler is recalling approximately 1 million Ram pickups in North America due to a software glitch that could prevent side air bags and seatbelts from deploying during a rollover. The company’s U.S. division said Friday that it is aware of one death, two injuries and two accidents that may be […]
By Jason Contant | May 12, 2017
1 min read
A large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number of organizations have reported to NHS Digital – which oversees hospital cybersecurity – that they […]
By Canadian Underwriter | May 12, 2017
2 min read
DETROIT – In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robotaxis. A self-driving car would be programmed to drive at the speed limit. Humans routinely exceed it by 10 to 15 mph (16 to 24 kph) […]
By Jason Contant | May 11, 2017
4 min read
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
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 […]
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
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
