Insurance industry yet to fully embrace AI benefit: Accenture
29 August 2022
Insurers are lagging other industries in making use of Artificial Intelligence to meet the expectations of modern customers and keep them happy, Accenture says...
Insurtech
India's AccelTree comes to Australia
29 August 2022
India-based insurtech AccelTree Software says it has been invited to meet with insurers and broking firms in Sydney and Melbourne this week to showcase its point-of-sale solutions...
Reask, Fathom partner on wind-flood risk models
29 August 2022
Insurers will have access to combined risk data on floods, tropical cyclones and hurricanes with unprecedented detail under a new partnership between risk modellers Reask and Fathom...
Augmented reality new go to weapon for insurers
29 August 2022
Uses for augmented reality in insurance are growing, with demand for the technology turbo charged by the need for remote inspections due to covid, GlobalData says...
Earth Blox offers geospatial risk assessment tool
29 August 2022
Satellite data analysis software firm Earth Blox is making use of data from Google Earth’s engine to offer environmental risk assessment...
Insurtech funding dries up: GlobalData
22 August 2022
Investment in insurtechs plunged 80% last year to $US2.21 billion, GlobalData says, and funding growth is unlikely in 2022 as only about half last year’s total had been invested by the end of July...
Cover Genius appoints APAC head in Sydney
22 August 2022
Google veteran Barney Pierce has been appointed Senior VP President of Partnerships Asia Pacific at Cover Genius...
ISG says EXL is leading P&C, Life outsourcer
22 August 2022
Nasdaq-listed data analytics firm EXL has been categorised as a local leader in business process outsourcing in both Property & Casualty and Life & Retirement insurance by ISG Provider Lens...
Sapiens partners with insurtech marketplace
22 August 2022
NYSE-listed property and casualty insurance software provider Sapiens has partnered with marketplace Intellagents, allowing insurers access to hundreds of data and insurtech providers...
'Don’t know': blockchain poorly understood in insurance
15 August 2022
More than a fifth of 352 global executives surveyed by GlobalData said blockchain was “all hype and no substance” and rated it less use to the insurance industry than augmented reality, internet of things, 5G, cloud computing, cybersecurity and artificial intelligence technologies...
Insurtech Australia to host vehicle Ownership vs Access event on Wednesday
15 August 2022
Insurtech Australia will host another hybrid industry future mobility event on Wednesday, the third in a series...
Location app Ok Away partners with Air Doctor
15 August 2022
Melbourne-based insurtech Ok Away has partnered with Israeli tech company Air Doctor...
Underwriters back 'truly useful' insurtech Quotech
15 August 2022
UK insurtech Quotech has raised £1 million from investors, including Convex Group, to support creation of its custom-built technology platforms for underwriters and distributors in commercial and wholesale insurance globally...
Insurtech funding boosted by mega deals in latest quarter
08 August 2022
Global insurtech investment rose 8% to $US2.41 billion in the second quarter, up 8% from the previous quarter but only half 2021’s bumper second quarter...
Coverhero launches new API, eyes US
08 August 2022
Insurtech Coverhero has launched a new Application Programming Interface, is creating partnerships with marketplaces for an embedded insurance model and expects to launch in North America next year...
Cover Genius partners with BNPL provider Zip
08 August 2022
Cover Genius has added Buy Now, Pay Later provider Zip Co to the growing list of firms deploying its XCover embedded insurance platform...
Insurtech Australia adds new members, law firm partner
08 August 2022
Insurtech Australia has welcomed two new insurtech members as well as its latest ecosystem partner, law firm Hamilton Locke...
HDI invests in satellite startup LiveEO
08 August 2022
HDI Group’s venture capital firm has participated in a €19 million funding round for new Berlin-based space start-up LiveEO, which provides satellite-based monitoring of facilities and critical infrastructures...
Koba undertakes new funding round
01 August 2022
Melbourne-based insurtech Koba Insurance is undertaking a new funding round after successfully reaching a targeted $1 million during an earlier crowdsourcing round in September...
Rules engines help insurers weather staff turnover
01 August 2022
Insurers should capture their business practices in a standardised rules engine system, minimising the risk of losing key corporate knowledge if employees resign, PBT Group local GM of data and analytics Will Erskine says...