Tech
Six in ten motor insurance policyholders in the United Kingdom say that avoiding any type of mobile phone use should be a top factor used by insurers in offering lower premiums, according to a new survey. The survey of 1,314 motor insurance policyholders over the age of 18 found that 60% think that avoiding any […]
By Canadian Underwriter | July 20, 2016
2 min read
WASHINGTON – Experts say the development of self-driving cars over the coming decade depends on an unreliable assumption by many automakers: that the humans in them will be ready to step in and take control if the car’s systems fail. Instead, experience with automation in other modes of transportation like aviation and rail suggests that […]
By Jason Contant | July 19, 2016
4 min read
Most companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich Re survey. The in-person survey of more than 100 risk managers was conducted on site […]
By Canadian Underwriter | July 19, 2016
3 min read
HR
External cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect. Despite acute awareness of the millions of dollars in annual costs, and the business risks posed by […]
By Canadian Underwriter | July 18, 2016
Informing everyone via social media just how great a vacation is or is going to be could be putting Canadians’ largest investments – their homes – at risk of breaches in home security, notes a new survey issued Monday by Allstate Insurance Company of Canada. Almost a quarter of Quebecers, 23%, taking part in the […]
About three-quarters of polled insurers south of the border “have lowered their target return-on-equity expectations to 10% or lower,” notes a new special report released Thursday by A.M. Best. The lowered expectations are “a reflection of highly competitive market conditions remaining and the slow-growth economy,” the rating company reports, citing findings included in A.M. Best […]
By Canadian Underwriter | July 15, 2016
The Transportation Safety Board of Canada recently released an investigation report into a severe turbulence incident in southwestern Ontario, in which the crew of an American airline flew into a line of thunderstorms, temporarily lost control of their airplane and reacted “contrary to known aircraft upset recovery techniques.” On September, 5, 2014, a crew with […]
By Canadian Underwriter | July 13, 2016
A focus on services-based programs, and not discounts, will be a crucial differentiator for telematics and usage-based insurance (UBI) in the United States as insurers look to increase customer adoption and market growth, research and advisory firm Novarica said in a new executive brief released on Tuesday. Telematics has been growing steadily in the U.S. […]
Researchers at the Vectra Threat Labs have discovered a critical vulnerability in Microsoft Windows that enables attackers to gain system-level control over computers via infected or fake printer drivers to spread malware. “The vulnerability stems from a Windows process that allows users to quickly search for, add and use printers at home, in the office […]
Despite the total core wearable technology market growing to more than US$150 billion by 2026, independent market research company IDTechEx predicts “shake-ups in several prominent sectors, with commoditization hitting hard.” IDTechEx said in its Wearable Technology 2016-2026 report, released on Friday, that the market will be worth more than US$30 billion in 2016, with over […]
By Canadian Underwriter | July 11, 2016
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