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Insurtech

Industry urged to step up data protection

30 August 2021

Insurance software solutions provider Stelvio has urged the industry and its third party suppliers to consider using system and organisational controls reporting to protect the vast amounts of private data handled by their businesses...

Traditional insurers turn to technology experts

23 August 2021

Insurers are embracing robotic process automation and artificial intelligence to boost productivity and efficiency and lower costs, while use of the cloud allows testing and implementation of new business models and technologies to grow market share...

Workers' comp mental health costs next 'sleeping giant'

23 August 2021

Using artificial intelligence to “triage” workers’ compensation claims early can help address escalating costs and identify optimal pathways for insurers, employers and the statutory bodies operating Australia’s nine workers’ compensation schemes...

Honey says many partnerships to follow AGL deal

23 August 2021

Honey Insurance founder and CEO Richard Joffe says a new distribution deal with power company AGL offers the insurtech “incredible scale” and is just the first of many such partnerships...

Delivery rider, travel alert cover win Finder awards

23 August 2021

Upcover’s delivery rider insurance offer has taken out Finder’s 2021 Best Insurtech Innovation award while Fast Cover Travel Insurance took honours for Best Insurance Innovation with its alert status innovation...

Marsh backs Amazon digital insurance network

16 August 2021

Marsh is supporting Amazon Insurance Accelerator, the digital insurance network set up by the e-commerce giant to help its third-party sellers acquire product liability protection...

Insurtech Australia aims for '100' milestone

09 August 2021

Australia’s insurtech scene continues to grow and thrive despite the challenges of operating in a COVID-interrupted economy, according to Insurtech Australia...

Seventh Lloyd's Lab cohort to focus on cryptocurrencies

09 August 2021

Lloyd’s has selected the next eleven insurtechs for its Lloyd’s Lab and says the new cohort, the seventh to experience the innovation accelerator program, will focus on creating simpler solutions related to cryptocurrencies...

AI risks increase as cover struggles to keep up

02 August 2021

The insurance industry is in the early stages of understanding artificial intelligence algorithmic risks but there are widespread repercussions from technology failures, a white paper produced by Zurich and Microsoft says...