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Insurtech

Big insurer executives back startup Upcover

11 July 2022

Insurtech Upcover has raised $2.7 million in seed funding and $2 million in debt in a round backed by QBE LMI GM Patricia Priest, as well as former Zurich Insurance Global Life CEO for APAC Colin Morgan...

US insurtechs undertake layoffs

11 July 2022

Insurtechs in the US are reducing staff numbers, citing a worsening macroeconomic environment which is affecting access to capital and the financial strength of customers...

KPMG optimistic on insurtech outlook

04 July 2022

KPMG says a bounce in collective investment in Australian fintechs to $3.6 billion last year was back near pre-covid levels and provides “optimism for 2022 and beyond”...

Insurers' data collection methods 'need to be regulated'

04 July 2022

A Sydney academic says regulators must take action to prevent discrimination, exclusion and unaffordability of insurance for some consumers, saying insurers stand to benefit from technological advances in artificial intelligence and Big Data...

Blair Nicholls leads tech underwriting agency Clover

27 June 2022

Blair Nicholls has taken a new role as CEO at startup Clover Insurance Australia, a technology-led insurance underwriting agency focused on simplifying the placement of insurance for brokers which is set to go live late next month...

Koba takes out 2022 Finnie award

27 June 2022

Pay-per-kilometre car insurer Koba has won this year’s Excellence in Insurtech category, which is sponsored by IAG Firemark Ventures, at the FinTech Australia Finnie Awards...

Howden creates springboard for insurance start-ups

27 June 2022

UK-based Howden Group is creating an end-to-end platform to accelerate the launch and growth of insurance start-ups by bringing funding, capacity, expertise, governance and distribution together in one place...