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Insurtech

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...

Australian insurers on brink of new modern payment era

12 July 2021

The COVID pandemic has driven significant digital transformation in the insurance industry and most Australian insurers are looking to modernise by investing in digital payment technology in the next 12 months, a new survey found...

Remote engineering here to stay: FM Global

12 July 2021

Australian businesses will continue to use remote engineering virtual site visits to manage risk exposure even once the acute risk of COVID passes, FM Global says...

PetSure rolls out GapOnly; ditches exclusions

12 July 2021

Hollard-owned PetSure is progressively rolling out its financial technology solution GapOnly Australia-wide and has also dropped many exclusions on comprehensive cover...

IAG commercialises its flexible workforce app

12 July 2021

IAG says its bespoke shift management app, Attune, will earn it a new revenue stream under a joint venture with Terem Technologies which plans to roll the technology out globally...

…and develops its own risk management tool

05 July 2021

Steadfast has provided its brokers in Australia and New Zealand with a free data-driven management tool to identify risk hazards and natural catastrophe exposures by geographic locations and operational activities...

FloodMapp introduces live mapping tool

05 July 2021

FloodMapp is rolling out a live mapping feed called NowCast under a new partnership with Esri Australia, a supplier of geographic information system software...

Motorcyclists back GPS tracking to combat theft

28 June 2021

A new survey of motorcyclists sends a “clear message” to manufacturers of the need for improved security features to be embedded in motorbikes or available at point of sale, the National Motor Vehicle Theft Reduction Council says...

Claims communications platform CAL gets set to launch

28 June 2021

Insurtech Australia member CAL is on track to roll out its insurance communications platform to clients later this year, allowing parties involved in claim resolution to liaise online and share information in real time...