Tech
CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more than three years of research, will see CRU’s Glenn Smith, who has 27 years of […]
By Canadian Underwriter | July 13, 2017
2 min read
Worldwide IT spending is projected to total US$3.5 trillion, a 2.4% increase from last year, driven in part by “industry-specific disruptive technologies,” Gartner Inc. reported on Thursday. “Digital business is having a profound effect on the way business is done and how it is supported,” John-David Lovelock, vice president and distinguished analyst at Stamford, Conn.-based […]
Irvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s North American footprint,” said a joint press release from both companies. Richmond Hill, Ont.-headquartered DMTI […]
By Canadian Underwriter | July 12, 2017
Legal / Regulation
Half of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build a cognitive organization and released late last week, also found that 73% of those CEOs […]
By Canadian Underwriter | July 11, 2017
3 min read
Forty per cent of employees around the globe hide IT security incidents to avoid punishment, according to a new report from cybersecurity company Kaspersky Lab and market research company B2B International. The report, titled Human Factor in IT Security: How Employees are Making Businesses Vulnerable from Within and released on Monday, also found that dishonesty […]
By Canadian Underwriter | July 10, 2017
VirtualArmour International Inc. has partnered with a global architectural design and engineering firm that services the energy industry to design new security infrastructure in light of the sector increasingly becoming a target for cyber attacks. Under the terms of a new contact between the two companies, VirtualArmour will “design, build and implement new security infrastructure […]
Insurance providers need to use technology to improve their customers’ experience, but sometimes regulation gets in the way, speakers suggested at a recent conference. The insurance industry is “struggling to speed up the process of being more agile,” said Paul MacDonald, RSA Canada’s senior vice president of claims and chief claims officer. “Customers can go […]
By Jason Contant | July 7, 2017
4 min read
Efforts to manage mobile transformation continues to be a struggle for some interviewed enterprises, with almost a third reporting they are not investing in mobile technology, notes a new study released Thursday by SOTI Inc. Commissioned by SOTI and conducted by Arlington Research, the study is based on interviews conducted using an online methodology amongst […]
By Canadian Underwriter | July 7, 2017
Cyber risks should be on the radar of every type of business. Manufacturing has lagged other sectors in buying insurance, revealing vulnerabilities that have not, until recently, been fully appreciated, but could lead to enormous costs. Considering all vulnerabilities is essential to building towers of coverage that provide meaningful protection.
July 6, 2017
6 min read
Many brokers are taking the bull by the horns and embracing digital transformation, with or without the help of insurers, a speaker suggested last week at the Insurance Analytics Canada Summit in downtown Toronto. Greg McCutcheon, president of Markham, Ont.-based Opta Information Intelligence, noted in his presentation that insurers are not able to embrace every […]
By Jason Contant | July 4, 2017
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