Insurtech Gateway secures funding for next growth stage
01 November 2021
Insurtech Gateway Australia has been awarded additional funding after a year of successful incubations and plans to incubate 20 new companies over the next five years...
Insurtech
Focus on data security boosts Codafication uptake
01 November 2021
Insurtech Codafication says a conscious decision many years ago to build its Virtual Assist claims solution with the highest standard of data sovereignty and security boosted uptake by insurers when COVID struck and they needed help to process claims remotely...
Entsia, Grappler and ATL to present webinar
01 November 2021
A lunchtime webinar detailing how ATL Insurance is leveraging cloud technology vendors Entsia and Grappler to future-proof business and extend its reach is to be held on November 25...
Insurance innovates despite COVID
25 October 2021
The Australian insurance industry is continuing to innovate despite the adversity of COVID and one of the most turbulent times in its history, Hollard-backed Kanopi Cover says...
Fintech sector trajectory 'unstoppable' if supported
25 October 2021
Government incentives, industry collaboration and global talent acquisition will be critical to sustain the growth trajectory of Australia’s fintech sector, build a world-class fintech export market and attract the best international tech companies onshore, EY says...
Foreign ASX tech listings lead to D&O challenges
25 October 2021
Rising numbers of foreign companies joining an Australian Securities Exchange technology index introduced last year is creating challenges for directors’ and officers’ cover, Gallagher says...
Guy Carpenter launches insurtech Centre of Excellence
25 October 2021
Guy Carpenter has launched an insurtech Centre of Excellence offering customised broking, advisory and analytical services for insurers and Managing General Agents on cutting-edge technology platforms...
New Responsible AI Index backed by IAG
25 October 2021
IAG has sponsored a new Australian Responsible AI Index, launched by the Ethical AI Advisory and Gradient Institute, which finds fewer than one in 10 Australia-based organisations have a mature approach to deploying responsible and ethical artificial intelligence...
IVAA, IAG take advantage of new market gap
25 October 2021
Jewellery and niche insurance claims expert Independent Validation Advisory Australia says its proprietary cloud-based software Loupe helped it diversify into insurance categories outside its jewellery portfolio as it developed digital tools with service providers to help insurers manage claims...
Australian tech budget shortfall 'most pronounced'
18 October 2021
Australian firms have a backlog of digital transformation projects which unsustainably dwarf IT budgets, new research finds...
Blue Zebra, Precision Autonomy tie-up targets growing drone market
18 October 2021
Insurtechs Blue Zebra and Precision Autonomy have joined forces to provide commercial drone insurance through the broking channel, in response to growing demand as usage of the remotely piloted devices soars...
Insurtech Open takes out 2021 Finnie award
18 October 2021
Hollard-backed Open Insurance has won this year’s Excellence in Insurtech category, which is sponsored by IAG Firemark Ventures, at the FinTech Australia Finnie Awards...
Fraud-prevention regtech FrankieOne raises $20 million
18 October 2021
Melbourne-based FrankieOne, a regtech platform that connects insurers and banks to hundreds of global identity and fraud-monitoring providers, has successfully closed an oversubscribed $20 million round to fund its offshore expansion...
CDR to boost insurance image: Insurtech Australia
11 October 2021
Extending the Consumer Data Right regime to insurers could help address the industry’s “major image problem with consumers” and tackle the challenge of underinsurance with greater transparency, clarity of options and understanding of what is being covered, Insurtech Australia says...
Latest tech to speed storm season claims lifecycle
11 October 2021
New aerial and virtual inspection capabilities will speed response times and compress the insurance claim lifecycle as Australia braces for more tropical cyclones than average this season, Crunchwork Co-founder and CEO Daniel Sandaver says...
Emerging technology crucial for insurers to compete
11 October 2021
The insurance sector can reap substantial results right away from new business process management technologies which streamline systems and improve accuracy and customer service, Stelvio Australia says...
LI, AI and satellite 'space tech' to help cap insurer exposure
11 October 2021
The convergence of location intelligence, artificial intelligence and improved satellite technology, known collectively as “space tech”, is opening new opportunities in insurance and other industries such as logistics and agriculture...
KPMG, Coverpay partner with Insurtech Australia
11 October 2021
Insurtech Australia has welcomed KPMG as a new ecosystem partner while insurtech Coverpay is a new member after a recent capital raise ahead of launching its “buy now, pay later” insurance proposition to market...
Insurtechs switch from attack to collaboration
04 October 2021
Insurtechs are now focused on “collaboration instead of attacking,” though lofty valuations and easy funding may result in a trend toward “reverse takeovers” of insurance market incumbents by newer entrants, experts at McKinsey say...
Cover Genius 'entirely focused' on growth after raising $100 million
04 October 2021
Australia-based insurtech Cover Genius is aiming to further expand its global presence after raising $100 million from investors, including Japan’s insurance group Sompo Holdings...