Tech

Cognitive computing platform to help companies implement anti-bribery management system: OutsideIQ

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 – […]

By Canadian Underwriter | October 17, 2016

2 min read

Tech

Worldwide shipments of 3D printers to grow 108% in 2016: Gartner

Worldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company said in a press release on Thursday that despite slowing growth rates after the market’s […]

By Canadian Underwriter | October 14, 2016

3 min read

Most U.S. small business owners don’t have cyberattack response plan, new survey says

Most small business owners in the United States (78%) still don’t have a cyberattack response plan, even though more than half (54%) were victim to at least one type of cyberattack, according to Nationwide’s second annual Small Business Indicator. The survey, released on Thursday, found that 60% of respondents who did experience a cyberattack said […]

By Canadian Underwriter | October 13, 2016

2 min read

Tech

Worldwide revenue for security technology to surpass US$100 billion in 2020: International Data Corporation

Worldwide revenues for security-related hardware, software and services will grow from US$73.7 billion in 2016 to US$101.6 billion in 2020, according to the International Data Corporation’s (IDC) first Worldwide Semiannual Security Spending Guide. The report, released on Wednesday, said that the change in revenues represents a compound annual growth rate (CAGR) of 8.3%, more than […]

By Canadian Underwriter | October 13, 2016

3 min read

Autonomous vehicle tech company Nauto enters into strategic agreements with Allianz Ventures, BMW and Toyota

Autonomous vehicle technology company Nauto announced on Friday that it has entered into strategic agreements with BMW i Ventures, the Toyota Research Institute and Allianz Ventures, part of global financial services provider and insurance company Allianz Group. These companies have invested in the tech firm and are working with the company on autonomous vehicle development […]

4 min read

Adoption of smart contracts to decrease risks and costs, increase efficiencies: Capgemini

Lower costs and higher efficiencies can be realized through adoption of smart contracts, with potential annual savings in the personal motor insurance industry alone amounting to US$21 billion globally thanks to automation and reduced processing overheads in claims handling, Capgemini Consulting contends. “Our study confirms that smart contract adoption will lead to reduced risks, lower […]

5 min read

One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS

Four in five risk managers surveyed said their company has a stand-alone cyber insurance policy, though only three in four reported their policy covers network/business interruption, Risk and Insurance Management Society Inc. said in the 2016 RIMS Cyber Survey, released Monday. There were 272 respondents to the survey, which was distributed to RIMS members via […]

3 min read

78% of global businesses believe digital start-ups pose threat to their organization: Dell Technologies study

Nearly four in five (78% of) global businesses believe that digital start-ups pose a threat to their organization, either now or in the future, and almost half (45%) surveyed fear that they may become obsolete in the next three to five years due to competition from digital start-ups, according to new research from Dell Technologies. […]

3 min read

Timber tall buildings feasible, solid wood an alternative to concrete: AEIC speaker

Advances in wood engineered products and fabrication have made the idea of constructing timber tall buildings feasible and a genuine alternative to concrete, Eric Karsh, principal of Equilibrium Consulting Inc., suggested Thursday during the 43rd Annual Engineering Insurance Conference in downtown Toronto. Karsh cited a study Equilibrium Consulting recently did for a client, in which […]

5 min read

U.S. insurers failing to deliver on digital customer experience: study

Insurers in the United States could only answer 28% of queries across digital channels and 14% of companies failed to respond successfully on either email, social media or chat, according to new research from multichannel customer engagement software provider Eptica. “Despite the growth of digital channels, insurers seem to be stuck in an analog world, […]

3 min read