Cover Genius partners with Mexican airline Volaris
22 May 2023
Cover Genius has added Mexican airline Volaris to the growing list of firms deploying its XCover embedded insurance platform...
Insurtech
Helia wins Appian Innovation Award
22 May 2023
Helia Group is one of six global winners of the 2023 Appian Innovation Award, it was announced in San Diego...
Liverpool Partners buys majority stake in consulting firm Simplyai
22 May 2023
Investment group Liverpool Partners has taken a majority stake in Sydney-based Simplyai, an artificial intelligence (AI) consulting firm that says Australian insurance will be revolutionised by the technology...
IAG invests in Ravin AI
15 May 2023
IAG has invested in Ravin AI, which uses Artificial Intelligence (AI) to inspect the condition of vehicles using mobile phone and CCTV footage...
Expert shares digital transformation on a budget tips
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...
Insurtech Argyle Insurance receives Duck Creek excellence award
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...
PBT Group flags importance of “data maturity” in detecting insurance fraud
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...
New insurtech era after 2021 funding peak: Gallagher
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.
IAG deploys ‘bot workforce’
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.
Antiquated methods undermine insurer reinsurance capability: Duck Creek
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Insurers in Australia and New Zealand may be driving up the cost of their own ceded reinsurance with use of outdated spreadsheets, legacy systems and manual processes, Duck Creek Technologies says.
QBE Ventures invests in OH&S risk management platform
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.
EXL names new Chief Digital Officer
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.
AI offers insurance industry $1 trillion a year value: McKinsey
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.
Upsure, CBN smooth path for UK insurtechs in Australia
01 May 2023
Brisbane-based insurtech Upsure and Community Broker Network have partnered to support UK insurtechs and MGAs keen to launch in Australia...
‘We’ve been experimenting with AI’: Chubb CEO
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”...
IA unveils ITC Singapore delegation
01 May 2023
Insurtech Australia has named nine of its members attending Insuretech Connect Asia in Singapore later this month...
Swiss Re to co-create digital claims management solution
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...
Upcover launches tailored product for nurses
01 May 2023
Sydney-based insurtech Upcover has launched professional indemnity and public liability insurance for nurses, with monthly payment options available...
Insurtech groups unite to host ‘AI in insurance’ event
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...
Senior Xceedance technology VP relocates to Sydney
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...