Earnix adds Underwrite-It to product suite
03 October 2022
UK-based insurtech Earnix has added a new machine learning-driven underwriting solution to its Intelligent Insurance Operations product suite...
Insurtech
Hannover Re adds personality profiler BestFit to innovation hub
03 October 2022
BestFit, which has customers in Australia, Europe and Israel, has been added to Hannover Re’s Equarium innovation platform...
ITC Vegas hailed a success for Australia's insurtechs
26 September 2022
Australian insurtechs have been strengthening connections with international organisations this month, with a number of an 11-strong Insurtech Australia delegation that attended ITC Vegas 2022 staying on to attend meetings and further US events such as Money20/20 and Boston Fintech Week...
New fast payments a 'step change' in Lloyd's market claims handling
26 September 2022
Lloyd’s managing agents are being urged to migrate onto a new Faster Claims Payment platform over the next six months, which pays claims in minutes in local currencies...
PetSure promotes GapOnly with awareness campaign
26 September 2022
Hollard-owned PetSure’s award-winning on-the-spot in-clinic claiming platform GapOnly has launched a promotional campaign to raise awareness under the leadership of new Chief Marketing Officer Jenny Williams...
Life policy refinancer Inclined raises $23 million
26 September 2022
Life insurance policy loan refinancer Inclined Technologies has raised $US15 million, with the backing of HSCM Ventures...
Honey partners with home loan aggregator
19 September 2022
Insurtech Honey Insurance has partnered with Specialist Finance Group, a family-owned finance aggregator...
Lloyd's Lab cohort includes parametric, construction delay ideas
19 September 2022
The ninth cohort accepted by the Lloyd’s Lab accelerator program includes a firm developing parametric cover for business interruption and a risk transfer product for construction delays...
InsurTech Hartford opens entries for innovation competition
19 September 2022
InsurTech Hartford has announced submissions are open for its annual innovation challenge...
HDI Global teams up with Accure on batteries
19 September 2022
An HDI Global technology business has entered into a cooperative arrangement with Accure to make battery reliability insurable for businesses...
'They might not even know': connected vehicles to proactively start claims
12 September 2022
A motor insurance claim process could be triggered automatically for drivers of connected cars as the Internet of Things transforms communication and service, an IAG expert says...
AI crop insurance platform Hillridge raises $2.3 million, eyes Asia
12 September 2022
Insurtech Hillridge has raised $2.3 million in seed funding as it plans to expand its weather insurance platform to southeast Asia, offering access to parametric cover for agriculture and other climate-exposed industries...
Behave & Save offers telematics platform to insurers
12 September 2022
Melbourne-based insurtech Behave & Save is meeting with motor insurers after adapting its telematics software platform to the consumer market...
Upcover targets SMEs/sole traders with pay-by-the-month product
12 September 2022
Sydney-based insurtech Upcover has launched a pay-by-the-month insurance option which it says offers instant affordable cover with no need for finance approvals, lengthy forms and redirections between parties...
Opportunities for innovation still to be harnessed
05 September 2022
The insurance industry is yet to capitalise on innovation opportunities offered by technology, while the sector’s complexities also present hurdles to developing new platforms and systems, the Australasian Professional Indemnity Group conference has heard...
Australia a great option for UK insurtechs, law firm says
05 September 2022
Law firm Norton Rose Fulbright Australia has partnered with the UK Department for International Trade to create a guide for UK insurtechs encouraging them to bring their innovation to Australia...
IA unveils ITC Vegas delegation
05 September 2022
Insurtech Australia has selected eleven of its members to attend Insurtech Connect Vegas later this month...
Koba crowdfunding raise reaches $500,000
05 September 2022
Melbourne-based insurtech Koba Insurance has raised half its $1 million target so far in its latest funding round...
London to ditch Word and digitise insurance contracts
05 September 2022
The London Market Group is working on an Intelligent Market Reform Contract, a digitised version of current insurance contracts underwritten in the London Insurance market which are created as Word documents, then saved as PDFs and often still printed...
Suncorp halves disclosure list with images of 9 million homes
29 August 2022
Suncorp has claimed an industry first by using artificial intelligence to crunch images of 9 million Australian homes, doing away with half the questions asked of prospective policyholders, such as whether their roof is tile or Colorbond or if they have a swimming pool...