HR
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
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 […]
2 min read
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
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 […]
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 […]
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 […]
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