Life policy refinancer Inclined raises $23 million
26 September 2022
Life insurance policy loan refinancer Inclined Technologies has raised $US15 million, with the backing of HSCM Ventures...
Insurtech
Honey partners with home loan aggregator
19 September 2022
Insurtech Honey Insurance has partnered with Specialist Finance Group, a family-owned finance aggregator...
Lloyd's Lab cohort includes parametric, construction delay ideas
19 September 2022
The ninth cohort accepted by the Lloyd’s Lab accelerator program includes a firm developing parametric cover for business interruption and a risk transfer product for construction delays...
InsurTech Hartford opens entries for innovation competition
19 September 2022
InsurTech Hartford has announced submissions are open for its annual innovation challenge...
HDI Global teams up with Accure on batteries
19 September 2022
An HDI Global technology business has entered into a cooperative arrangement with Accure to make battery reliability insurable for businesses...
'They might not even know': connected vehicles to proactively start claims
12 September 2022
A motor insurance claim process could be triggered automatically for drivers of connected cars as the Internet of Things transforms communication and service, an IAG expert says...
AI crop insurance platform Hillridge raises $2.3 million, eyes Asia
12 September 2022
Insurtech Hillridge has raised $2.3 million in seed funding as it plans to expand its weather insurance platform to southeast Asia, offering access to parametric cover for agriculture and other climate-exposed industries...
Behave & Save offers telematics platform to insurers
12 September 2022
Melbourne-based insurtech Behave & Save is meeting with motor insurers after adapting its telematics software platform to the consumer market...
Upcover targets SMEs/sole traders with pay-by-the-month product
12 September 2022
Sydney-based insurtech Upcover has launched a pay-by-the-month insurance option which it says offers instant affordable cover with no need for finance approvals, lengthy forms and redirections between parties...
Opportunities for innovation still to be harnessed
05 September 2022
The insurance industry is yet to capitalise on innovation opportunities offered by technology, while the sector’s complexities also present hurdles to developing new platforms and systems, the Australasian Professional Indemnity Group conference has heard...
Australia a great option for UK insurtechs, law firm says
05 September 2022
Law firm Norton Rose Fulbright Australia has partnered with the UK Department for International Trade to create a guide for UK insurtechs encouraging them to bring their innovation to Australia...
IA unveils ITC Vegas delegation
05 September 2022
Insurtech Australia has selected eleven of its members to attend Insurtech Connect Vegas later this month...
Koba crowdfunding raise reaches $500,000
05 September 2022
Melbourne-based insurtech Koba Insurance has raised half its $1 million target so far in its latest funding round...
London to ditch Word and digitise insurance contracts
05 September 2022
The London Market Group is working on an Intelligent Market Reform Contract, a digitised version of current insurance contracts underwritten in the London Insurance market which are created as Word documents, then saved as PDFs and often still printed...
Suncorp halves disclosure list with images of 9 million homes
29 August 2022
Suncorp has claimed an industry first by using artificial intelligence to crunch images of 9 million Australian homes, doing away with half the questions asked of prospective policyholders, such as whether their roof is tile or Colorbond or if they have a swimming pool...
Insurance industry yet to fully embrace AI benefit: Accenture
29 August 2022
Insurers are lagging other industries in making use of Artificial Intelligence to meet the expectations of modern customers and keep them happy, Accenture says...
India's AccelTree comes to Australia
29 August 2022
India-based insurtech AccelTree Software says it has been invited to meet with insurers and broking firms in Sydney and Melbourne this week to showcase its point-of-sale solutions...
Reask, Fathom partner on wind-flood risk models
29 August 2022
Insurers will have access to combined risk data on floods, tropical cyclones and hurricanes with unprecedented detail under a new partnership between risk modellers Reask and Fathom...
Augmented reality new go to weapon for insurers
29 August 2022
Uses for augmented reality in insurance are growing, with demand for the technology turbo charged by the need for remote inspections due to covid, GlobalData says...
Earth Blox offers geospatial risk assessment tool
29 August 2022
Satellite data analysis software firm Earth Blox is making use of data from Google Earth’s engine to offer environmental risk assessment...