Insurtech
Insurers take ‘measured approach’ to AI
21 October 2024
Insurance businesses are ahead of the global average when it comes to investing in artificial intelligence, though the pace of implementation is slow compared with other industries, according to a KPMG report...
EXL rolls out ‘fine-tuned’ insurance LLM
21 October 2024
EXL has launched what it says is the first specialised large language model for insurance to support claims reconciliation, data interpretation, question-answering, anomaly detection and chronology summarisation...
DAS launches crop data tool
21 October 2024
Digital Agriculture Services has launched a crop insurance solution in Australia that uses machine learning, automapping and geospatial data to improve policy accuracy...
Harsh compliance regime ‘boosts cyber defences’
21 October 2024
Tough regulations mean financial services groups in Australia and New Zealand “tend to be further advanced than other sectors when it comes to overall cybersecurity”, Thales says...
Arturo launches AI property monitoring tool
21 October 2024
Property intelligence business Arturo says its new Change Detection technology transforms how insurers monitor buildings...
Disaster messaging bot wins pitch prize
14 October 2024
This year’s Natural Hazards Research Australia Disaster Challenge has been won by an artificial intelligence chatbot delivering postcode-specific disaster information...
'Loved the journey': Javln founder becomes chairman as new CEO recruited
14 October 2024
Javln founder Dale Smith is taking the role of chairman after more than a decade running the New Zealand-based insurtech
Tech, media groups put innovation at heart of strategy
14 October 2024
Innovation is the strategic priority over the next two years for technology, media and telecoms businesses, but increased regulatory scrutiny is a challenge, according to a WTW report...
Covu raises $18 million as investors hail ‘technology and approach’
14 October 2024
US insurtech Covu has raised $US12.5 million ($18.51 million) from new and existing investors...
Institute to host AI panel discussion
07 October 2024
The Australian and New Zealand Institute of Insurance and Finance’s general insurance breakfast will explore the benefits and limitations of artificial intelligence in the industry...
Governments to use FloodMapp intelligence
07 October 2024
Geoscience Australia will offer FloodMapp tools to state and federal government agencies...
Cover-More teams with BOXX on cyber protection
07 October 2024
Zurich-owned travel insurer Cover-More has engaged Canada’s BOXX to provide its policyholders with cybersecurity support and insurance...
Popular apps expose insurers to malware
07 October 2024
The top three apps being abused to deliver malware in the insurance industry are GitHub, OneDrive and SharePoint, according to Netskope Threat Labs...
First bitcoin-denominated cover launches
07 October 2024
Relm Insurance has launched business interruption cover for bitcoin miners, in what it says is the first bitcoin-denominated insurance product...
AI-driven claims process advances set to accelerate
30 September 2024
Artificial intelligence implementation to improve the claims process is likely to become significant in the local insurance industry within the next five years, IAG executive manager analytics and AI Willem Paling says...
Covertech offers manual quoting tool
30 September 2024
Covertech Australia has launched a new version of its Proceso platform and an AI-assisted library called Coverdata...
Honey’s Joffe joins DroneShield board
30 September 2024
Honey founder Richard Joffe is one of two new independent non-executive directors on DroneShield’s board...
Clover wins fast growth award
30 September 2024
Technology-led underwriting agency Clover Insurance Australia has won the award for fastest growing financial services company at the Pemba Summit Awards...
Suncorp welcomes new NZ tech chief
23 September 2024
Suncorp New Zealand has appointed Debbie Mills as national EGM technology, effective from November...
Officetech brought under Javln brand banner
23 September 2024
Javln’s Officetech product will undergo a brand refresh to help integrate it into the main business’ operations...