Worldwide IT spending is forecast to total US$3.49 trillion in 2016, a decline of just 0.5% over 2015 spending of US$3.5 trillion, according to information technology research and advisory firm Gartner, Inc. The prediction is down from last quarter’s forecast of 0.6% growth and is mainly due to currency fluctuations, Gartner said in a press […]
By Canadian Underwriter | April 8, 2016
2 min read
Allstate Insurance Company of Canada announced Tuesday it is using telematics to provide usage-based insurance to personal lines customers in Alberta. Allstate went live April 1 with Drivewise, using technology from Huntington Beach, Calif.-based Modus Group LLC. “In Ontario, (Drivewise) has been live for a while now, so Alberta is our new addition,” said Lisa […]
By Canadian Underwriter | April 5, 2016
3 min read
The global insurance telematics market size is expected to grow from US$857.2 million in 2015 to US$2.21 billion in 2020, at a compound annual growth rate (CAGR) of 20.9%, according to a report by ReportLinker, a market research technology company based in Lyon, France. Consumers’ enthusiasm for in-car connectivity and growth of smartphone penetration in […]
By Canadian Underwriter | April 5, 2016
2 min read
Aon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon plc announced Tuesday. The platform “will provide a more integrated, streamlined and documented process for […]
By Canadian Underwriter | April 5, 2016
2 min read
Western Canadian insurer Peace Hills Insurance has implemented eDelivery, enabling the electronic transmission of personal lines policy documents directly to consumers’ Canada Post epost digital mailboxes in place of traditional mail, the Centre for Study of Insurance Operations (CSIO) said on Monday. As part of its implementation process, Peace Hills Insurance also obtained CSIO certification, […]
By Canadian Underwriter | April 4, 2016
2 min read
Beyond brokers themselves, good and accurate data is the lifeblood of brokerages today. Data is vital to meeting customer needs both today and in the future, meaning that when a broker management system conversion is needed, protecting and maintaining the integrity of that information is essential.
April 1, 2016
4 min read
Regulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy director of the Mowat Centre, said Thursday during a presentation at the Ontario Mutual Insurance […]
By Angela Stelmakowich | April 1, 2016
4 min read
New test research out of the United States is shedding light on emerging trends around distributed denial-of-service (DDoS), indicating related attacks are now targeting applications inside the networks of enterprise organizations. Released this week by information security research and advisory company NSS Labs, the finding is contained in the company’s new Security Value Map and […]
By Canadian Underwriter | March 31, 2016
2 min read
Just over one month after the president and CEO of a hospital in Los Angeles admitted to paying about US$17,000 to hackers following a ransomware attack, another hospital in the United States has become victim of a malware attack. On Tuesday, Columbia, MD-based MedStar Health reported in a statement that its IT system “was affected […]
By Canadian Underwriter | March 31, 2016
2 min read
KANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread lightly as it moves to regulate Canada’s blossoming autonomous vehicle industry, they caution. Tucked away […]
By Jason Contant | March 30, 2016
3 min read