AuditCover ready for more growth after closing inaugural seed funding round
10 May 2021
Insurtech AuditCover has closed its inaugural seed round funding to support the expansion of its business and technology development...
Insurtech
Machine learning shows promise for hazard budgeting
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...
Insurtech Australia to host 'crossing the ditch' event in May
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...
Insurance-inspired Minecraft world gets 500,000 downloads
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...
Seven billion reasons for insurers to innovate: Accenture
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...
FloodMapp sees loss prevention opportunity
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...
Insurtech funding hits new record
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...
COVID squeeze to encourage data-for-premium trade offs
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...
Fifth Intersekt fintech conference to be held in May
03 May 2021
This year’s Intersekt conference will be held at the Grand Hyatt in Melbourne on May 19 and 20...
International insurtechs target Australia for growth
26 April 2021
International insurtechs are flocking to Australia thanks to the local market’s “attractive opportunities”...
Industry urged to accelerate ‘intelligent’ tech push
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...
Stella looks beyond motor for female-centric products
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...
Growing success raises value of Codafication to $30 million
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...
AI gains traction across insurance
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...
Swiss Re invests in driver assist technology
26 April 2021
Swiss Re has partnered with Stockholm-based auto technology firm Veoneer to drive improvements in advanced driver assistance systems (ADAS)...
Australia ‘can lead the way in insurtech’
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...
Post-COVID customer focus presents ‘perfect opportunity’ for insurtechs
19 April 2021
The COVID-19 pandemic has accelerated insurers’ efforts to engage more effectively with customers, opening up ideal opportunities for insurtechs, EY says...
Data can deliver connected future
19 April 2021
Data from connected devices will help modernise the underwriting process and sync dynamic risk with dynamic insurance, an insurtech leader says...
Regulatory flood sparks Gadens breach tool
19 April 2021
Rising regulatory pressure on financial firms including insurers has led Gadens Lawyers to develop a platform to simplify and improve processes for the handling and reporting of potential breaches...
Eleven start-ups join Lloyd’s coveted lab initiative
19 April 2021
Eleven successful insurtech teams have been selected to make up the sixth cohort of the Lloyd’s Lab innovation 10-week accelerator programme, which begins on Wednesday...