Minimising harm critical in big data era: actuaries
14 March 2022
Minimising harm and providing safety nets will be critical as the digital transformation of Australia’s economy shifts risks, the Actuaries Institute says...
Insurtech
Codafication, FloodMapp combine on disaster claims
14 March 2022
Codafication says its Crunchwork platform in combination with FloodMapp technology is offering insurers and flood crews real-time automation, mapping and claim triaging to speed response times during the Queensland and NSW catastrophe...
Hollard calls in LastPass to beef up cyber security
14 March 2022
Hollard has introduced online security manager LastPass’s centralised password management system to bolster its cyber protection and help employees maintain complex passwords across multiple systems...
'100 years in hands of claims managers'
14 March 2022
NYSE-listed Genpact says its partnership with Claim Genius is providing a crucial “claims triage” and optimising decision-making with the backing of a century of claims data as insurers battle over 100,000 claims from this month’s flood catastrophe, eclipsing bushfire claims from the 2019-20 summer...
Swiss Re partners tech company to offer clients smart health coach services
14 March 2022
Swiss Re says it has entered into a partnership with dacadoo, a Zurich-based health and technology business...
FloodMapp supports emergency crews during floods
07 March 2022
Brisbane-based startup FloodMapp has been supporting emergency services and insurers during this month’s flooding catastrophe in Queensland, co-founder and CEO Juliette Murphy tells insuranceNEWS.com.au.
PSC Insurance Brokers partners with FinTech Australia
07 March 2022
PSC Insurance Brokers has joined FinTech Australia’s ecosystem partnership program, which helps businesses collaborate with insurtechs and other members of the sector and foster relationships with its key players...
IAG Firemark Ventures invests in Plnar via new $75 million fund
07 March 2022
IAG has launched a second $75 million venture capital fund and made its first investment, undertaking a pilot program using Texas-based insurtech Plnar for its property claims...
Portabl wins local Zurich Innovation Championship round
07 March 2022
Insurtech Portabl has won the Australian round of the 2022 Zurich Innovation Championship, beating 89 other entries...
Automation brings job creation, improves worker well-being: BizCover
07 March 2022
Automation does not have to come at the cost of jobs, can help with staff retention and help employees feel challenged, and that they are growing, contributing and learning new things, insurtech BizCover says...
Beware the data decision gap, insurers told
28 February 2022
Many insurers struggle to interpret the “astronomical” levels of data available to them, and this creates a “decision gap” that prevents delivery of personalised services to customers, as well as accurate addressing of fraud, financial crime and other categories of risk, reveals analytics software company Quantexa...
Cover Genius says more online shoppers buy cover, travel policy sales spike
28 February 2022
Insurtech Cover Genius reports a surge in insurance policy sales at its retail partners as an overwhelming number of consumers shop online and buy protection for their purchases...
Entsia lists nine ways to succeed during digital transformation
28 February 2022
Digital insurance expert Entsia has listed key considerations when undertaking a tech transformation which it says will allow businesses to stay “agile and scalable” as competition escalates...
Travelers acquires Suncorp-backed insurtech Trov
28 February 2022
NYSE-listed The Travelers Companies has acquired insurtech Trōv, the creator of Suncorp’s telematic-backed Bingle Go motor cover...
Insurtech glitterati to gather in London in March
28 February 2022
The founders of local insurtechs Cover Genius and Coverhero, as well as top executives at Munich Re, Zurich, Swiss Re and Axa will speak at next month’s Insurtech Insights Europe 2022 conference, to be held in London on March 15-16...
Insurtech Australia seeks regulatory and compliance group nominations
21 February 2022
Insurtech Australia has named insurance compliance specialist Paul Muir as Chair of its newly created Regulatory and Compliance Working Group and is seeking nominations for more appointments from its members and business partners to the initiative...
Local AI crop insurance platform Hillridge attracts global interest
21 February 2022
Award winning Hillridge Technology, a Sydney-based AI crop insurance platform for farmers, has a new seed funding round underway as it fields international interest...
Cloud storage the silver lining for insurers
21 February 2022
Adopting cloud storage frees insurers to focus on customer needs and expectations and core value creation for policyholders, Frazer Walker Partner Ian Chisholm says...
NYSE-listed Genpact partners with Claim Genius
21 February 2022
Professional services firm Genpact says its platform is now integrated with Claim Genius’ AI-based claims solution for auto insurance to create a smoother process and deploy analytics...
IAG invests further in Carbar
21 February 2022
IAG has stepped up its backing for Carbar, demonstrating the insurer’s confidence in the vehicle subscription start-up’s business model...