Insurtech
Insurtech funding slumps to four-year low
06 May 2024
Global funding for insurtechs fell to $US912.25 million ($1.38 billion) in the first quarter, the lowest sum since early 2020, according to Gallagher Re...
Industry action ‘imperative’ as embedded cover surges
06 May 2024
Embedded insurance will grow to $35 billion or 18% of gross written premium (GWP) in Australia in 2033, analysts at PwC forecast...
Broker compliance burden a ‘tech problem’
06 May 2024
Insurtech JAVLN says the insurance industry needs to implement better systems to help brokers meet compliance requirements and “focus on their job at hand”...
Huddle owner’s new travel offer takes off
06 May 2024
Open Insurance – best-known for its artificial intelligence-driven brand Huddle – has created a travel insurance offer for the Australian market...
Finnies reveal insurtech award shortlist
06 May 2024
Eight companies have been named as finalists for this year’s excellence in insurtech Finnie award from FinTech Australia...
Koba rolls out EV cover
06 May 2024
Koba Insurance has launched a dedicated, comprehensive electric vehicle (EV) insurance policy it says is the first in Australia...
Endava creates AI-powered tool for insurers
06 May 2024
US group Endava has developed a tool called Morpheus that applies advanced technology to tasks in highly regulated fields such as insurance...
Qikio names new Co-CEO
29 April 2024
Jayde Mulholland has been promoted to Co-CEO at Qikio Insurance and digital broker Add Insure...
Encryption, AI heighten threat from extremists and spies: ASIO
29 April 2024
Artificial Intelligence is likely to make radicalisation “easier and faster”, while encryption creates safe spaces for violent extremists to network and recruit, the head of Australian security warns...
Email inboxes ‘an easy target’ for cyber attackers
29 April 2024
US insurer Coalition has warned email security is critical to cyber risk management, after 56% of its claims last year stemmed from business email compromise or funds transfer fraud...
Liberty Mutual Re offers sensor-powered quake cover
29 April 2024
Liberty Mutual Reinsurance has partnered with Safehub to offer sensor-based parametric earthquake insurance worldwide...
Honey seals deal with Bank Australia
22 April 2024
Honey Insurance has agreed a six-year partnership with Bank Australia to provide a digital insurance offer...
Qikio secures motor underwriting deal with Adica
22 April 2024
Qikio Insurance has agreed a car cover underwriting partnership with Aioi Nissay Dowa Insurance Company Australia...
Allianz home cover tool wins innovation award
22 April 2024
Allianz Australia’s “one click” home insurance price estimate system has won an innovation excellence award from Canstar...
Tasmania’s Sumday raises $5 million
22 April 2024
Carbon accounting innovator Sumday has closed a $5.3 million funding round led by Planeteer Capital and returning investors Blackbird, Wedgetail and Possible Ventures...
Honey out to break 'oligopoly' after $108 million funding injection
15 April 2024
Honey Insurance says it is well placed to take on Australia's home cover giants following a $108 million funding round...
Haast wins local leg of Zurich innovation contest
15 April 2024
Regtech Haast has won the Australian round of this year’s Zurich Innovation Championship and will present to executives in Switzerland against other winners from across the world...
Butter adds ‘simple, customisable’ travel cover
15 April 2024
Insurtech Butter has started offering travel insurance, the business announced in a brief LinkedIn post...
HCF travellers to access Allianz Partners chatbot
15 April 2024
Allianz Partners Australia has launched a chatbot for customers of its travel insurance partner HCF...
‘Do your homework’: Munich Re urges caution on AI
08 April 2024
Insurers should implement artificial intelligence in their operations slowly and carefully, with full research and oversight, Munich Re says...