17 May 2021
A study by IAG researchers found Artificial intelligence and automation techniques improve the customer experience during motor total loss claims as well as the insurer’s operational expenses in handling claims and metrics like churn rates...
17 May 2021
Although COVID-19 forced many insurers to seek out innovative solutions, most cover providers still show room for improvement, with ratings agency AM Best scoring just 13% top marks for innovation efforts...
17 May 2021
Insurtech Australia members are invited to attend a virtual session on Thursday detailing how to attract and retain the best talent...
10 May 2021
Insurtech Australia has endorsed a government plan to extend the Consumer Data Right regime to the insurance industry...
10 May 2021
Insurtech AuditCover has closed its inaugural seed round funding to support the expansion of its business and technology development...
10 May 2021
There are promising results in applying machine learning techniques to the significant challenge of accurately predicting natural climate variability, attendees at this year’s Actuaries Summit heard...
10 May 2021
A free online event on May 27, hosted by Insurtech Australia, will compare the Australian and New Zealand insurtech markets and examine what resources are available for businesses to grow in either market...
10 May 2021
NRMA Insurance’s new Minecraft world, which helps youngsters learn about resilience to natural disasters, has been downloaded 500,000 times in a week...
03 May 2021
Insurers are operating in a “new revenue landscape” which will challenge customer retention levels, with a rise in online distribution and digital insurance premiums set to displace $7.56 billion of current insurance sales over five years in Australia, Accenture says...
03 May 2021
Innovative flood-mapping firm FloodMapp believes it can help reduce damage – and cut insurance premiums – by working with insurers on loss prevention during major flood events...
03 May 2021
Insurtech funding reached an all-time high of $US2.55 billion across 146 deals in the first quarter, up 180% from a year ago and 22% from the fourth quarter of 2020...
03 May 2021
As business and household budgets are squeezed by the COVID pandemic, customers are more likely to trade their personal data for cheaper premiums and this will increase the importance of big data and analytics in insurance, GlobalData says...
03 May 2021
This year’s Intersekt conference will be held at the Grand Hyatt in Melbourne on May 19 and 20...
26 April 2021
International insurtechs are flocking to Australia thanks to the local market’s “attractive opportunities”...
26 April 2021
A new report from Accenture says Australian and global insurers should work towards building an “intelligent, data driven” operating model to elevate business performance...
26 April 2021
Stella Insurance, which specialises in motor cover designed for women, is considering expanding its product range and exploring more opportunities in Australia...
26 April 2021
Insurtech Codafication has provided a business update, saying it is now worth $30 million since it launched five years ago with just $1 million in funding from co-founders Dan Sandaver and Drew Butler...
26 April 2021
Spending on artificial intelligence platforms in insurance will grow by almost a quarter every year out to 2024 as the industry exhibits a general willingness to innovate, analytics firm GlobalData predicts...
26 April 2021
Swiss Re has partnered with Stockholm-based auto technology firm Veoneer to drive improvements in advanced driver assistance systems (ADAS)...
19 April 2021
Australia could lead the world’s insurtech charge, thanks to its innovative and collaborative industry and conducive regulatory environment, a company founder says...