Insurtech
AI inaccuracy a ticking claim bomb, lawyer warns
28 April 2025
Mistakes made by artificial intelligence may take years to be discovered and may cost insurers dearly due to unintended cover, Clyde & Co partner Darryl Smith says...
IA calls for ‘game-changing’ R&D framework
28 April 2025
An increase in long-term funding is essential for research and development in Australia to match global competitors, the insurtech peak body says...
‘Save eight hours a week’:1Fort attracts $11 million
28 April 2025
US insurtech 1Fort has raised $US7.5 million ($11.72 million) for its artificial intelligence platform, which it says saves brokers up to two hours per submission and increases their bind rate by up to a fifth on average...
Cover Genius deal gives Secutix clients automated refunds
28 April 2025
Events ticketing firm Secutix has agreed a refund partnership with Cover Genius...
Broker website Advisr changes hands
14 April 2025
Advisr founder Andy Jamieson says the website, designed to connect brokers with clients, has been acquired...
Emergence unveils IT company cover
14 April 2025
Cyber specialist Emergence Insurance has launched a product designed for IT service providers...
NT minister salutes ‘local answer to global problem’
14 April 2025
Insurtech Raindrop has been hailed as an NT success story and key to the territory’s economic future...
Travel group to offer Cover Genius cancellation cover
14 April 2025
Insurtech Cover Genius has expanded its longstanding partnership with travel company Luxury Escapes to include cancellation protection...
Super hacks reveal ‘threat to entire system’
07 April 2025
Cyberattacks on Australian superannuation funds have exposed leaking of member credentials as a critical vulnerability in the sector, consultancy Software@Scale warns...
In-house cyber responses ‘creating competency gaps’
07 April 2025
An adaptive, modular response model offers the best way to recover from cyberattacks, Crawford & Company says...
Lloyd’s Lab welcomes latest cohort
07 April 2025
Eleven start-ups have been chosen for the 14th cohort of the Lloyd’s Lab following a pitch day...
Ando, SSP extend decade-long platform tie-up
07 April 2025
Ando Insurance New Zealand has extended its technology partnership with SSP...
Workers turn to ‘unofficial’ AI use with industry slow on uptake
31 March 2025
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
31 March 2025
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
31 March 2025
Finity has launched AI-powered software that automates industry data categorisation...
IAG hails satellite internet a ‘game-changer’ after Alfred trial
31 March 2025
IAG is trialling Starlink micro-terminals that provide satellite internet connections in areas suffering outages...
AI key to ‘evolution in underwriting’, Swiss Re says
24 March 2025
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’
24 March 2025
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
24 March 2025
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
24 March 2025
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...