Legal / Regulation
Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in the study – 92% – cited cyber security concerns in their U.S. Securities and Exchange […]
By Canadian Underwriter | June 22, 2016
4 min read
Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent audit, tax and advisory firm Grant Thornton LLP. Despite this high level of concern, the […]
By Canadian Underwriter | June 21, 2016
3 min read
Tech
A recommendation to ask the Toronto Transit Commission to report on a plan for automated vehicle technology is on the agenda of a June 28 meeting of local politicians. The executive committee – comprised of 13 of Toronto’s city councillors – is scheduled to discuss next Tuesday a motion for City Council to “request the […]
The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to a new report from analyst firm Berg Insight. In Europe, the number of insurance telematics […]
2 min read
HR
Aviva Canada announced on Monday that it will host its first-ever Pitch Day event in Toronto on Oct. 11. Aviva Canada said in a press release that Aviva Ventures is investing $180 million over the next five years in “disruptive, high potential digital startups” around the globe. The call for submissions is now open and […]
By Canadian Underwriter | June 20, 2016
The Government of Canada announced on Friday an investment of $300,000 to support the development of an unmanned aircraft systems (UAS) range for training and field testing in the southeastern Alberta farming village of Foremost. Navdeep Bains, the Minister of Innovation, Science, and Economic Development and Minister responsible for Western Economic Diversification Canada (WEDC), made […]
By Canadian Underwriter | June 17, 2016
The Autorité des marchés financiers (AMF), Quebec’s financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. “The creation of the fintech working group further demonstrates the AMF’s resolve to serve as a […]
By Canadian Underwriter | June 16, 2016
Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced on Thursday a call for applications from startups in its insurance platform. Plug and Play Insurance, which was launched in late April in partnership with Munich Re, Sompo Insurance and the United Services Automobile Association (USAA), among others, noted that […]
Only half of global insurers polled believe that they are capable of extracting and sustaining value from business transformation initiatives, with 57% admitting that their transformation efforts to date have been “less than successful,” according to a new report from KPMG International. The KPMG report, through Forbes Insights, was released on Monday. KPMG surveyed more […]
By Canadian Underwriter | June 13, 2016
General Motors (GM) Canada announced on Friday an expansion of its engineering and software work in the country to support the development of “innovative new automotive systems and technologies for the future.” GM said in a press release that it will expand its Canadian base to reach a total of approximately 1,000 positions over the […]
By Canadian Underwriter | June 10, 2016
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