Tech

Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court

A Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the firm. Amaya Inc. – whose operations include the Pokerstars online poker website – was ordered […]

By Canadian Underwriter | January 17, 2017

6 min read

More than 40% of data science tasks will be automated by 2020: Gartner

More than 40% of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by “citizen data scientists,” according to Gartner, Inc. Gartner, a Stamford, Conn.-based information technology research and advisory company, defines a citizen data scientist as a person who creates or generates models that […]

By Canadian Underwriter | January 16, 2017

3 min read

Canadian Institute for Cybersecurity opens at the University of New Brunswick

The University of New Brunswick (UNB) announced on Monday that the Canadian Institute for Cybersecurity (CIC) – an “innovative hub for research, training and industry collaboration” – opened at the university on Monday. With more than $4.5 million in funding and the establishment of a research partnership with global technology firm IBM, the CIC will […]

By Canadian Underwriter | January 16, 2017

2 min read

U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best

The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best Company said in a new report. The Oldwick, N.J.-based ratings firm released their A.M. Best […]

By Canadian Underwriter | January 13, 2017

3 min read

TSB continues call for Canada-wide standards for locomotive data recorders

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 […]

3 min read

Worldwide IT spending forecast to grow 2.7% in 2017: Gartner

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, DMTI Spatial webinar on Feb. 15 to explore analytics, location intelligence in insurance

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 […]

1 min read

Worldwide spending on 3D printing to reach US$29 billion in 2020: International Data Corporation

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 […]

3 min read

Emerging technologies still discussed more than deployed by U.S. insurers, but balance is shifting: Novarica

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 […]

2 min read

Seven of 10 global consumers would welcome robo-advice for banking, insurance and retirement services: Accenture

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, […]

4 min read