Tech

Deep learning to help drive fraud predictions by 2019: Gartner

Deep learning – a variation of machine learning (ML) – will be a “critical driver for best-in-class performance for demand, fraud and failure predictions” by 2019, research and advisory company Gartner, Inc. suggested on Wednesday. Deep learning represents the major driver toward artificial intelligence. As deep learning delivers “superior data fusion capabilities” over other ML […]

By Canadian Underwriter | September 20, 2017

3 min read

Tech

Investigators cite Tesla Autopilot limits in fatal crash

WASHINGTON – Design limitations of the Tesla Model S’s Autopilot played a major role in the first known fatal crash of a highway vehicle operating under automated control systems, the National Transportation Safety Board said Tuesday. The board said the direct cause of the crash was an inattentive Tesla driver’s over reliance on technology and […]

By Jason Contant | September 13, 2017

4 min read

Tech

Charting the Course

Cyber insurance seems like it is poised to go it alone. Growth of the line — currently in the United States and perhaps in future in Canada — is taking shape as a stand-alone offering. What are the benefits of such a move?

September 13, 2017

2 min read

Tech

Insurers increasingly concerned about “silent cyber” exposure: Willis Re poll

About half of polled insurance industry practitioners see the risk of “silent cyber” exposure – potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk – as growing over the coming year, according to a recent survey from Willis Re. The Silent cyber risk outlook poll consisted of […]

By Canadian Underwriter | September 12, 2017

3 min read

Construction industry ‘particularly vulnerable to cybercrime,’ Northbridge warns

Large and small construction contractors are vulnerable to cyber crime, with “smart” building devices and lucrative engineering drawings in particular presenting vulnerabilities, Northbridge Insurance warns. “Major advancements in digital connectivity have left the construction industry particularly vulnerable to cybercrime,” Northbridge said in a recent post on its blog site. “Remotely accessible systems, like Building Information […]

2 min read

Global insurers struggle with regulatory and accounting compliance: study

As insurance firms invest in more complex securities, they struggle to manage data and meet regulatory reporting requirements, a newly released study has found. Addressing local regulation and accounting standards is the leading operational challenge when it comes to firms’ expansion strategies, according to the survey, titled 2017 Insurance Asset Management Technology Outlook and released […]

3 min read

New software can detect when people text and drive: University of Waterloo

Computer algorithms developed by engineering researchers at the University of Waterloo (UoW) in Ontario can accurately determine when drivers are texting or engaged in other distracting activities, the university reported on Friday. The system uses cameras and artificial intelligence (AI) to detect hand movements that deviate from normal driving behaviour and grades or classifies them […]

2 min read

TSB calls for mandatory stall warning devices in commercial de Havilland DHC-2 airplanes

The Transportation Safety Board of Canada said Thursday it is recommending that stall warning systems be mandated for all de Havilland DHC-2 single-engine Beaver airplanes, a recommendation the Federal Aviation Administration made in 2008 after six tourists died in a floatplane accident in Alaska. TSB – a separate organization from Transport Canada – released Thursday an […]

3 min read

Equifax says U.S.-focused theft of data touched ‘certain’ Canadian residents

TORONTO – Credit monitoring company Equifax says that it will work with regulators in Canada and the United Kingdom to determine the appropriate steps following a lapse in cyber security that’s affecting about 143 million people in the United States. Equifax said it has identified unauthorized access to limited personal information for certain Canadian and […]

By Jason Contant | September 8, 2017

1 min read

Shipments of “connected wearables” up 75.1 million devices to 96.5 million last year: Berg Insight

Shipments of connected wearables will reach 262.5 million in 2021, with Bluetooth remaining the primary connectivity option in the coming years, Internet of Things (IoT) analyst firm Berg Insight said in a statement on Thursday. The Gothenburg, Sweden-based machine-to-machine/IoT market research provider noted that shipments of connected wearables reached 96.5 million in 2016, up from […]

3 min read