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Insurtech

Insurtech marketplace unveils SME-focused M&A product 

12 December 2022

Underwriting agency Fusion Specialty and insurtech marketplace io.insure have launched a merger and acquisition insurance product aimed at SMEs in Australia and key markets including the US and the UK...

Cyber attitude changing as online threats grow 

12 December 2022

BizCover for Brokers says it has seen a sharp jump in enquiries for cyber risk protection solutions, signalling a shift in attitudes after recent attacks on big name Australian companies.

Annual GWP at Australia's agencies passes $7 billion 

05 December 2022

The Underwriting Agencies Council says annual gross written premium at Australian agencies is now around $7.5 billion, and technology-enabled firms are leading the way as the sector expands dramatically...

'Rigorous protections essential': AI bias threatens human rights 

05 December 2022

Without adequate safeguards, algorithmic bias in use of artificial intelligence might cause discrimination due to age, race, disability, gender and other characteristics, the Actuaries Institute and the Australian Human Rights Commission say...

Delivery rider insurer Igloo raises $68 million 

05 December 2022

Singapore-based Igloo, which insures delivery riders in Thailand, Singapore the Philippines and Vietnam, has raised $US46 million and plans to hire more experts as it "addresses the traditional insurance gaps”...

Javln makes Deloitte Fast 50 list

28 November 2022

New Zealand insurtech Javln was named in the latest Deloitte Fast 50, which recognises and celebrates the country’s fastest growing businesses...

'Simply takes too long': insurer operations don’t match tech aspirations

21 November 2022

A survey of almost 300 insurance executives in Australia, the US and Europe has found nearly 90% of insurers don’t have full operation modernisation strategies and many depend too heavily on legacy and multiple third-party systems, creating significant bottlenecks, errors, inefficiencies and cumbersome workarounds...

EY sponsors InsurtechLIVE 23

21 November 2022

Early bird tickets are now on sale for InsurtechLIVE 23, to be hosted by Insurtech Australia (IA) early next year, as principal sponsor EY says insurance startups will increasingly add value to the industry...

Data governance key to cyber security: PBT Group

21 November 2022

As the spotlight focuses on cyber security in light of recent high-profile data breaches of Optus and Medibank, industry specialists say it’s essential to also shift data protection “beyond the wild west”...