15 May 2023
Insurers, brokers and underwriting agencies undertaking digital transformation should elect to only “do one monster project at a time” to increase the chance of success, Sydney-based consultancy Frazer Walker Partner Ian Chisholm says...
15 May 2023
Local digital underwriting agency Argyle Insurance, in partnership with Coforge, has been awarded the Duck Creek Technologies Standard of Excellence award at Formation ’23 in Orlando, Florida...
15 May 2023
Data and analytics specialist PBT Group says contributions from Artificial Intelligence (AI) and Machine Learning (ML) can help insurers better detect fraudulent claims...
08 May 2023
Global insurtech funding rose 38% to $US1.39 billion ($2.06 billion) in the first quarter from the previous three months, and trends suggest this year may mark a return to the gently rising insurtech funding seen before 2021, Gallagher Re says.
08 May 2023
IAG says its platform now hosts 145 specifically designed automation bots, eliminating around 150,000 hours of manual work a year, and it expects to save 500,000 work hours annually with bots by fiscal 2026.
08 May 2023
Insurers in Australia and New Zealand may be driving up the cost of their own ceded reinsurance with use of outdated spreadsheets, legacy systems and manual processes, Duck Creek Technologies says.
08 May 2023
QBE Ventures is investing in occupational health and safety provider YellowBird, which has created a marketplace for risk assessment and remediation services.
08 May 2023
Nasdaq-listed EXL has promoted Anand “Andy” Logani to the role of Chief Digital Officer, responsible for EXL’s digital business, which helps insurers achieve better business outcomes with data, analytics, AI and cloud.
08 May 2023
Artificial Intelligence (AI) could add up to $US1.1 trillion ($1.63 trillion) in annual value for the global insurance industry from service and operational gains, McKinsey estimates.
01 May 2023
Brisbane-based insurtech Upsure and Community Broker Network have partnered to support UK insurtechs and MGAs keen to launch in Australia...
01 May 2023
Chubb has been trialling use of Artificial Intelligence in underwriting, risk teams and claims, and says a “variety of use cases have proven themselves”...
01 May 2023
Insurtech Australia has named nine of its members attending Insuretech Connect Asia in Singapore later this month...
01 May 2023
Swiss Re and Des Moines-based insurtech Benekiva are jointly developing a platform for end-to-end digital claims management they say will improve the speed and consistency of claims decisions at life and health insurers...
01 May 2023
Sydney-based insurtech Upcover has launched professional indemnity and public liability insurance for nurses, with monthly payment options available...
01 May 2023
Insurtech Gateway Australia and Insurtech Australia have partnered to create an event examining artificial intelligence (AI) and how the insurance industry can embrace the transformative technology...
24 April 2023
Xceedance Senior VP Technology Services Prateek Vijayvergia, who leads a 600-strong technology services business unit, has just relocated to Sydney from India to help Xceedance’s Australian-based clients grow with technology services...
24 April 2023
Australian consumers who are offered Cancel for Any Reason insurance when purchasing live event tickets or travel are more likely to make the purchase, Cover Genius says...
24 April 2023
This year’s award finalists in FinTech Australia’s “Excellence in Insurtech” Finnie Award category, which is sponsored by IAG Firemark Ventures, have been announced...
24 April 2023
Pop Group Holdings, the owner of insurtech io.insure, says Auckland-based private equity fund Direct Capital has taken a minority stake in the business...
24 April 2023
Insurtech Australia member Futureproof says it is talking with several large insurers about initial product issuance for its home equity release innovation Equity Preservation Mortgage, an alternative to reverse mortgages which it says are “inherently defective in their design”...