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...
Insurtech
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...
New funding injection for actuarial platform
23 September 2024
Insurance pricing platform Akur8 has raised $US120 million ($176 million), including further backing from previous investor Guidewire Software...
NSW invests in back-up communications links for disasters
23 September 2024
The NSW government has committed $5 million to ensure residents remain connected to internet and telecommunication services during bushfires...
Ex-Suncorp duo start insurtech private equity firm
16 September 2024
Two former Suncorp executives have founded RS Insurance Ventures, a private equity investment firm focused on innovative companies in Australia...
FMA to host AI roundtable as it ‘shapes framework’
16 September 2024
New Zealand’s Financial Markets Authority will hold a roundtable to explore how artificial intelligence is used in the financial services industry and how insurers and lenders are managing risks...
HDI’s international arm to use genAI
16 September 2024
HDI Global is rolling out a proprietary generative AI tool across its international programs division...
Compass IOT makes finals of US pitch contest
16 September 2024
Sydney-based Compass IOT has been selected to compete at ITC Vegas in the annual State Farm start-up pitch competition...
Public-private action urged to ‘close cyber gap’
09 September 2024
The insurance industry and public sector should join forces to build resilience to catastrophic cyber events, according to a report from Zurich and Marsh McLennan...
NIBA conference to host AI pitch battle
09 September 2024
Insurtech Australia CEO Simone Dossetor will moderate a “thrilling Shark Tank-style session” at the National Insurance Brokers Association Convention next month...
Car tech advances ‘complicate claims landscape’
09 September 2024
Uptake of autonomous vehicles may require more robust reserving strategies by reinsurers to manage claims, Howden Re says...
AI-enhanced cybercrime a ‘major new trend’
09 September 2024
The cybercrime threat has intensified with artificial intelligence improving the success rate of attacks and offenders buying off-the-shelf hack software, law firm DLA Piper says...
Insurtech Australia announces Vegas delegation
02 September 2024
Four members and three corporate supporters will make up this year’s Insurtech Australia delegation at ITC Vegas...
Local insurtechs make global rankings
02 September 2024
Melbourne’s Kanopi and Sydney-founded Cover Genius have been listed among the world’s top 30 marketing, sales and distribution insurtechs...
Ando extends Qlik software to all operations
02 September 2024
New Zealand underwriting agency Ando Insurance says it is improving customer response times and decision-making using Qlik Cloud data analytics...