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Insurtech

AI risks increase as cover struggles to keep up

02 August 2021

The insurance industry is in the early stages of understanding artificial intelligence algorithmic risks but there are widespread repercussions from technology failures, a white paper produced by Zurich and Microsoft says...

Texas-based Solera acquires Brisbane's ENData

26 July 2021

Texas-based Solera Holdings has agreed to buy Brisbane-based insurance technology company ENData, providing claims and supply chain management solutions to the top five general insurers operating in Australia...

Digital retooling optimises in-person insurance sales

19 July 2021

Technology is equipping insurance brokers with data-driven tools to identify risk hazards, enabling more robust risk conversations with customers and optimising face-to-face sales, Capgemini says...

Driverless cars to 'significantly change' motor business model

19 July 2021

Consumer insurance brands, particularly for motor vehicle coverage, face disruption as tech-led changing market dynamics continue to play a key role in shaping the future of the industry, according to insurance consulting firm Xceedance...

Lack of automation affecting actuarial processes

19 July 2021

Insurers aiming to increase reserving process automation in response to rising pressures are continuing to battling multiple data sources and legacy systems, a Willis Towers Watson survey finds...

Young home insurance market 'ripe for disruption'

19 July 2021

About half of under 30s do not have home insurance, an untapped area of sales growth for insurers that should be targeted with cheaper, flexible and digital policies, GlobalData says...