HR
Economical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of Ontario Convention. “Our growth strategy is multi-faceted: both organic growth and growth through mergers and […]
By Jason Contant | October 21, 2016
3 min read
Tech
SAN FRANCISCO – Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility. The announcement made late Wednesday by Tesla CEO Elon Musk marks the Silicon Valley automaker’s next step toward […]
By Jason Contant | October 20, 2016
Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach US$3.5 trillion in 2017, up 2.9% from 2016 estimated spending of US$3.4 trillion, according to the latest forecast by Gartner, Inc. Gartner, an information technology research and advisory company, said in a press release on Wednesday that the “bright […]
By Canadian Underwriter | October 19, 2016
2 min read
Insurance brokers who compete against one another need to change their mindset and work with their competitors to address threats which could disrupt the industry, a speaker suggested Wednesday in Toronto. “If you all think each other are the competition, Brokerlink will continue to pick you off one at a time,” said Jim Harris, keynote […]
By Jason Contant | October 19, 2016
Five insurers and reinsurers – Aegon, Allianz, Munich Re, Swiss Re and Zurich – have launched the blockchain insurance industry initiative B3i, aimed at exploring the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure services. The five companies have agreed to cooperate for a pilot project, using anonymized […]
OTTAWA – Transport Canada has issued a recall notice for about 10,000 Ram pickup trucks and other Fiat Chrysler vehicles that are at increased risk of stalling or fire in the engine compartment due to an electrical short. The federal agency says the affected vehicles from model years 2007 to 2014 have a 220-amp alternator […]
1 min read
The Transportation Safety Board of Canada (TSB) has reiterated its call for expanded requirements for the use of cockpit voice recorders and flight data recorders following the Kelowna, B.C. accident that claimed the life of former Alberta Premier Jim Prentice and three others. At 9:32 p.m. on Oct. 13, a Cessna Citation aircraft departed Kelowna […]
By Canadian Underwriter | October 18, 2016
Octo North America announced on Monday that it has released a suite of new telematics products for connected cars. Octo Telematics, a London, United Kingdom-based global provider of telematics and data analytics solutions for the auto insurance industry, said in a press release that its telematics solutions are now available via both in-vehicle and mobile […]
By Canadian Underwriter | October 17, 2016
An “alarming” 71% of young drivers aged 16 to 24 don’t consider using their phones while driving to be very distracting, according to a new poll by national charity Parachute. National Teen Driver Safety Week, an annual public awareness campaign aimed at educating young drivers about road safety, is taking place from Oct. 16 to […]
Legal / Regulation
Outside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can use to evaluate discovered risks that can be immediately used to make key decisions – […]
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.
