insuranceNEWS.com.au - Insurtech

Workers turn to ‘unofficial’ AI use with industry slow on uptake

Mon, 31 Mar 2025 02:50:45 GMT

Almost two-thirds of Australia’s finance, technology and business staff use artificial intelligence as a work tool, the Future Skills Organisation says...

Ardonagh tech division to share expertise worldwide

Mon, 31 Mar 2025 02:50:32 GMT

The Ardonagh Group has launched a technology arm it says will harness the best of robotics, machine learning and data enrichment across its businesses...

Finity unveils data classification tool

Mon, 31 Mar 2025 02:50:15 GMT

Finity has launched AI-powered software that automates industry data categorisation...

IAG hails satellite internet a ‘game-changer’ after Alfred trial

Mon, 31 Mar 2025 02:49:53 GMT

IAG is trialling Starlink micro-terminals that provide satellite internet connections in areas suffering outages...

AI key to ‘evolution in underwriting’, Swiss Re says

Mon, 24 Mar 2025 04:02:51 GMT

Using artificial intelligence will be essential if insurers are to remain competitive, a new report from Swiss Re says...

Instanda appoints Asia-Pacific sales chief for ‘rapid growth’

Mon, 24 Mar 2025 03:48:59 GMT

Insurance policy administration and distribution platform Instanda has appointed Jerry Hall as head of business development for the Asia-Pacific region...

Ravin, Plnar team up on property, car inspections

Mon, 24 Mar 2025 03:48:45 GMT

Insurtechs Ravin and Plnar have united to provide insurers an inspection tool for home and motor claims assessments...

AI fears to the fore as financial crime tipped to rise

Mon, 24 Mar 2025 02:31:11 GMT

About 64% of Australian finance and professional services businesses expect financial crime to increase this year, a new report from risk advisory group Kroll says...

Liability concerns a major focus in AI field

Mon, 17 Mar 2025 03:52:36 GMT

Artificial intelligence remains a “hot topic” for insurers, Lockton says in a report on the Australian tech sector and what to expect this year...

Industry ‘not investing where it needs to’ on tech

Mon, 17 Mar 2025 03:26:42 GMT

Large insurers and private investors are prioritising offshore tech funding over Australian innovation and “missing a real opportunity to strengthen the local insurtech sector”, a peak body has warned...

VPNs a key entry point for cyberattackers: Coalition

Mon, 17 Mar 2025 03:26:30 GMT

Coalition’s latest Cyber Threat Index shows 58% of ransomware claims last year stemmed from criminals compromising “perimeter security” such as virtual private networks or firewalls...

February worst month in ransomware history

Mon, 17 Mar 2025 03:26:16 GMT

Last month brought a record number of ransomware attack reports, and Australia was among the top six countries targeted...

New tech risks ‘open door for brokers to add value’

Mon, 10 Mar 2025 02:11:32 GMT

Providing guidance on complex emerging technologies such as artificial intelligence could be a “powerful demonstration of the value brokers bring as risk experts”, according to Vero...

QBE investment arm backs US cyber specialist

Mon, 10 Mar 2025 02:11:16 GMT

QBE Ventures has invested $US5 million ($8 million) in cyber insurtech Converge Insurance, which is based in New York and operates across the US...

Axa XL partners with ‘offensive cybercrime prevention’ group

Mon, 10 Mar 2025 02:11:05 GMT

New York-based Darkweb IQ will offer preferential pricing on cybersecurity services to Axa XL under a new deal...

Lloyd’s names insurtechs to pitch for lab cohort spot

Mon, 10 Mar 2025 02:10:47 GMT

Twenty-one insurance startups have been selected to pitch to be part of the 14th Lloyd’s Lab cohort...

INsight feature: in-depth podcast focuses on insurtech

Mon, 03 Mar 2025 03:47:51 GMT

A special feature Insurance News podcast delves into key trends, opportunities and challenges in insurtech...

‘Easier and faster’: bots deliver for IAG

Mon, 03 Mar 2025 03:32:05 GMT

The bots have arrived at IAG – and they are here to stay. The insurer now has more than 160 automated processes and a spokesman says the role of artificial intelligence and generative AI is growing daily...

Fusion powers up with agency-tailored software

Mon, 03 Mar 2025 03:31:26 GMT

Underwriting agency Fusion Specialty is introducing Insly insurance software across its global operations...

EXL to host AI deep-dive

Mon, 03 Mar 2025 03:31:13 GMT

An EXL webinar will feature industry experts discussing lessons learnt scaling data and artificial intelligence solutions...