Tech
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?
May 1, 2017
12 min read
HR
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
2 min read
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
Cyberespionage is now the most common type of attack seen in the global manufacturing, education and now public sectors, a new report has revealed. According to the Verizon 2017 Data Breach Investigations Report (DBIR), released on Thursday, ransomware is now the fifth most common specific malware variety. This year’s report has also found a 50% […]
By Canadian Underwriter | April 27, 2017
PHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president, commercial insurance, property and casualty at QBE North America. “A proactive response by industry leaders […]
By Jason Contant | April 26, 2017
3 min read
DETROIT – Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in the spring of last year that they would build 100 self-driving Chrysler Pacifica hybrids minivans. Those vehicles have been tested in Arizona, California and […]
By Jason Contant | April 25, 2017
Phishing scams aimed at accessing direct deposit funds have emerged as a new danger in 2017, specialist insurer Beazley said on Tuesday. Phishing scams aimed at accessing specific employee tax information were a continuing threat, representing 9% of all breaches handled in the first three months of 2017, Beazley said in a statement looking at […]
By Canadian Underwriter | April 25, 2017
PHILADELPHIA – Silence is decidedly not golden when it comes to cyber risk, Scott Stransky, assistant vice president and principal scientist for AIR Worldwide, suggested to Canadian Underwriter in advance of the RIMS 2017 Annual Conference & Exhibition. Silent cyber occurs when the risk for a cyber event impacts a non-affirmative cyber policy (an affirmative […]
6 min read
Global organizations are spending nearly four times more budget on property-related risks than cyber risks, according to a report released on Tuesday by the Ponemon Institute and sponsored by Aon plc. The 2017 Cyber Risk Transfer Comparison Global Report also found that organizations now believe that their cyber assets are more valuable than plant, property […]
More than four in 10 CEOs around the globe have begun the process of digital business transformation, according to a new study from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Mark Raskino, vice president of Gartner and a Gartner Fellow, said in a press release on Monday that 20% […]
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