Liability concerns a major focus in AI field
17 March 2025
Artificial intelligence remains a “hot topic” for insurers, Lockton says in a report on the Australian tech sector and what to expect this year...
Insurtech
Industry ‘not investing where it needs to’ on tech
17 March 2025
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
17 March 2025
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
17 March 2025
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’
10 March 2025
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
10 March 2025
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
10 March 2025
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
10 March 2025
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
03 March 2025
A special feature Insurance News podcast delves into key trends, opportunities and challenges in insurtech...
‘Easier and faster’: bots deliver for IAG
03 March 2025
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
03 March 2025
Underwriting agency Fusion Specialty is introducing Insly insurance software across its global operations...
EXL to host AI deep-dive
03 March 2025
An EXL webinar will feature industry experts discussing lessons learnt scaling data and artificial intelligence solutions...
IAG Firemark invests in weather-watching start-ups
03 March 2025
IAG Firemark Ventures has invested in two insurtechs aiming to build more resilient communities...
Change accelerating but more needed, InsurtechLIVE headliners say
24 February 2025
Adapting to rapid change was a common theme for experts at this year’s InsurtechLIVE in Sydney...
US expert urges industry to ‘reject hubris’ and innovate
24 February 2025
A recent “shift in the norm” means greater innovation in insurance products is now essential, a US insurance expert says...
Pathway program to ease UK-Australian insurtech trade
24 February 2025
A new UK-Australia pathway collaboration aims to remove the barriers insurance start-ups face when entering and expanding in each market...
New Steadfast tech chief tasked with building ‘world-class’ systems
24 February 2025
Steadfast says its new CTO will “spearhead a visionary technology strategy” and drive the company’s digital transformation...
Insurtech funding slumps in ‘year of two halves’
17 February 2025
Funds raised globally by insurtechs halved to $US688.24 million ($1.09 billion) in the fourth quarter compared with the preceding three months, and annual levels hit a seven-year low...
Finity clients target gains in underwriting, claims
17 February 2025
Finding new ways to improve underwriting and insurance claims management has become a priority for consultant Finity’s clients...
Experts examine electric cars’ slow progress
17 February 2025
An expert panel at InsurtechLIVE will examine why the adoption of electric, connected and automated cars in Australia lags global trends...