Tech
MONTREAL – Canadian National Railway says it will spend $500 million over the next five years on technology to improve its safety, efficiency and competitive edge, partly in response to the potential threat posed by driverless trucks. CEO Luc Jobin told an investor conference Wednesday that the country’s largest railway will make the investments to […]
By Jason Contant | June 14, 2017
2 min read
HR
Companies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new survey from BDO Canada. The findings were published in the latest Global Risk Landscape Report, […]
By Canadian Underwriter | June 14, 2017
Government agencies in Canada and the United States performed significantly worse than the business sector on fraud detection and mitigation, according to a new survey from risk management software provider ACL. The 2017 Fraud Survey involved a poll of more than 500 audit, compliance and risk management professionals in Canada and the United States on […]
More than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities and analytics. The XL Catlin-sponsored study titled Operationalizing Digital Transformation: New Insights into Making Digital […]
3 min read
Doug Reevey, outgoing chair of the Automotive Industries Association of Canada and owner of a repair facility wants consumers to have a choice of where to send their telematics data.
June 13, 2017
5 min read
Legal / Regulation
Large shipping losses have declined by 50% over the past decade, but a “perfect storm” of regulation, cost savings and cybersecurity looms, according to Allianz Global Corporate & Specialty’s (AGCS) fifth annual Safety and Shipping Review 2017. The report, released on Tuesday, said that there were 85 vessels reported as total losses around the shipping […]
By Canadian Underwriter | June 13, 2017
Three-quarters of Canadian CEOs (75%) see disruption as an opportunity for their business, not a threat, and 86% said their business is actively disrupting its sector rather than waiting for disruption by competitors, according to a new survey from audit, tax and advisory firm KPMG. Launched on Tuesday, the second annual 2017 Canadian CEO Outlook […]
4 min read
Following the success of Aviva Pitch Day in 2016, Aviva Ventures announced on Tuesday that it will continue to invest in high potential digital startups around the globe. With $170 million to invest globally over the next four years “in digital startups that will help shape the future of insurance,” Aviva Canada will be hosting […]
Reduced market access, regulatory fragmentation, the return of inflation, cloud risk accumulation and emerging liability legislation for artificial intelligence are just some of the key risks for the re/insurance industry, according to Swiss Re’s 2017 SONAR report. The report, released on Tuesday, is based on “the SONAR process, a crowdsourcing tool drawing on Swiss Re’s […]
The City of Toronto will soon consider recommendations to adopt new rules for short-term rental platforms such as Airbnb – which are unregulated – to address concerns ranging from noise to safety and taxation, notes a municipal backgrounder. The Report from the Executive Director, Municipal Licensing and Standards, and the Chief Planner and Executive Director, […]
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