New technology shaping industry change, says GlobalData
30 May 2022
The advancement of new technologies is further pushing a digital transformation in how the insurance industry operates, analyst GlobalData says...
Insurtech
Tech solution used in Australian floods to be rolled out in US, Japan
30 May 2022
A satellite imagery and high-tech data solution helping insurers respond to flood claims that was successfully “battle-tested” during recent flooding in Queensland and NSW is to be rolled out in Australia, the US, Canada and Japan...
Sydney's ProofTec partners with FLUXE on AI defect detection
30 May 2022
Sydney-based ProofTec says its ProofScan solution, which delivers high tech damage assessment for motor vehicle claim processing, is to be rolled out in Portugal under a new agreement with FLUXE Insurance Software...
Sydney's Sanctions Check joins Hannover Re hub
30 May 2022
Sydney-based SanctionsCheck.co has been added to Hannover Re’s Equarium innovation platform...
Opportunity for brokers in creative, innovative sectors: CFC
23 May 2022
Emerging technology is creating new liability exposures not being adequately served by an insurance industry that has failed to keep up – creating an opportunity for brokers, CFC Underwriting says...
Insurers must address disconnected customer channels
23 May 2022
Insurers won’t survive unless they give up on outdated distribution models and “become part of the journey” with an integrated customer experience, says AIA Group Managed Markets Digital Lead Roy Kwok...
Start now: insurers warned CDR readiness can take many months
23 May 2022
Insurers should get started on preparing their readiness for the new Consumer Data Right regime now, and look beyond just compliance to the opportunities presented to reach retail customers, expert Biza.io says...
Insurtech Australia reveals eight members selected for Singapore trip
23 May 2022
Insurtech Australia has selected eight delegates to head to Insurtech Connect Asia in Singapore next month, the region’s largest gathering of insurance leaders and innovators...
Adelaide's Openly partners with Mastercard
23 May 2022
Mastercard is partnering with Adelaide-based startup Openly in a venture aimed at helping companies better manage their supply chain privacy and manage cyber risk...
Life, health policyholders lead exploding insurtech uptake
16 May 2022
The life and health insurance sectors are leading insurtech market share as new solutions connect brokers, providers and carriers, driven by growing health concerns and as insurers migrate to digital platforms, Future Market Insights says...
'Contagion threat': beware new risks from intertwined global finance
16 May 2022
The landscape for systemic financial risk has been “rapidly and profoundly” changed by interconnectedness, and risk managers must now carefully monitor greater cross-border financial exposures, fintech innovations and reliance on third-party vendors, a new whitepaper says...
Kanopi makes two key appointments
16 May 2022
Hollard-backed insurtech Kanopi has appointed Rishin Patel to the role of Head of Insurance and Micha Goldfine as Head of Design...
AI-driven flood insurer to monitor homes with satellite imagery
16 May 2022
AI-backed US insurer Neptune Flood has partnered with satellite imagery firm ICEYE to monitor client properties in real-time for signs of flooding...
Insurtech Australia to host future of mobility event series
16 May 2022
Insurtech Australia will host a hybrid industry event on “Mobility in the cities of the future – what will it look like?” next month in part one of what is to be a series...
Prevent legacy data sources infecting new systems, specialist says
09 May 2022
Underestimating data migration leads to costly failures and threatens to “infect” new systems with legacy problems if not tackled thoroughly, PBT Group Australia GM Will Erskine says...
AI changes far reaching, metaverse gaining traction
09 May 2022
Artificial intelligence is likely to increasingly drive improved customer and employee experience after being “slow out the gate” in that area compared to other advantages it is delivering, Gradient Institute Director Catriona Wallace has told the Actuaries Institute summit...
Insiders share tips to help insurers tackle disruption
09 May 2022
Many insurers are introducing new IT systems and applications at a rapid pace, as well as going through mergers and acquisitions and divesting or acquiring divisions, and Frazer Walker Principal Consultants Mark Partridge and Glenn Vade are offering tips on how to achieve the best outcomes...
Insurtech Australia welcomes four new partners
09 May 2022
Global professional services firm Cognizant is the latest Gold Partner of Insurtech Australia, while Genworth, Synpulse and FINEOS have joined as Ecosystem Partners...
Insurtech Australia to host ESG event next week
09 May 2022
Insurtech Australia will host an industry event on Insurtech and ESG in Sydney on May 17, examining the role the insurance tech sector has to play in environmental, social and governance issues...
Actuaries, not software engineers, behind insurtech push
02 May 2022
The roles of insurer Information Technology teams and management are changing and merging, with insurtechs increasingly being founded by actuaries and other industry veterans rather than tech experts, says Capco APAC Insurance Lead Emma Yang...