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Insurtech

Appian says new process mining technology can unify legacy systems

21 March 2022

Insurers can take advantage of “process mining” to improve claims handling and uncover claims leakage, bottlenecks and inefficiencies by using artificial intelligence to gather millions of data points from existing systems, US software company Appian says...

Freight insurtech Loadsure secures funding

21 March 2022

Loadsure, an international insurtech Managing General Agent and Lloyd’s coverholder, has closed an $US11 million Series A funding round, backed by Insurtech Gateway, MMC Ventures and US-based maritime, energy and logistics firm Crowley...

Codafication, FloodMapp combine on disaster claims

14 March 2022

Codafication says its Crunchwork platform in combination with FloodMapp technology is offering insurers and flood crews real-time automation, mapping and claim triaging to speed response times during the Queensland and NSW catastrophe...

Hollard calls in LastPass to beef up cyber security

14 March 2022

Hollard has introduced online security manager LastPass’s centralised password management system to bolster its cyber protection and help employees maintain complex passwords across multiple systems...

'100 years in hands of claims managers'

14 March 2022

NYSE-listed Genpact says its partnership with Claim Genius is providing a crucial “claims triage” and optimising decision-making with the backing of a century of claims data as insurers battle over 100,000 claims from this month’s flood catastrophe, eclipsing bushfire claims from the 2019-20 summer...

FloodMapp supports emergency crews during floods

07 March 2022

Brisbane-based startup FloodMapp has been supporting emergency services and insurers during this month’s flooding catastrophe in Queensland, co-founder and CEO Juliette Murphy tells insuranceNEWS.com.au.

PSC Insurance Brokers partners with FinTech Australia

07 March 2022

PSC Insurance Brokers has joined FinTech Australia’s ecosystem partnership program, which helps businesses collaborate with insurtechs and other members of the sector and foster relationships with its key players...

Beware the data decision gap, insurers told

28 February 2022

Many insurers struggle to interpret the “astronomical” levels of data available to them, and this creates a “decision gap” that prevents delivery of personalised services to customers, as well as accurate addressing of fraud, financial crime and other categories of risk, reveals analytics software company Quantexa...