Ex-Hollard CIO takes transformation MD role at Accenture
03 June 2024
Jamie Smith has been appointed insurance transformation lead MD at Accenture...
Insurtech
AI claims platform comes to Australia
03 June 2024
Five Sigma is installing its AI-driven claims management platform for Sydney specialist medical malpractice underwriter Tego Insurance...
Celebrity-backed Indian insurtech completes IPO
03 June 2024
Go Digit, which counts former Indian cricket captain Virat Kohli among its investors, has listed on the National Stock Exchange of India...
APRA ‘has the tools’ to act on AI concerns
27 May 2024
Financial services regulation is adequate to handle the growing use of generative artificial intelligence and the prudential watchdog is “not adding to our rule book at the moment”, according to board member Therese McCarthy Hockey...
Insurtechs opening doors for incumbents: Cover Genius
27 May 2024
Partnering with insurtechs can offer traditional insurers a new range of clientele, Cover Genius VP of product Ehsan Azizi says...
Codafication wins Guidewire contest
27 May 2024
Codafication won cloud platform Guidewire’s Insurtech Vanguards Pitch Day in Sydney on Thursday – the first time the competition has been held in Australia...
Delegation heads to Singapore tech conference
27 May 2024
An Insurtech Australia member delegation is heading to a regional conference in Singapore next month, where the peak body will host a networking event on the last day...
AI heightens fraud risk but brings consumer benefits, ICA tells MPs
20 May 2024
Generative AI may be used to augment photographs to fraudulently inflate insurance claims and help criminals with phishing, voice spoofing and identity fraud, the Insurance Council of Australia warns...
‘Category leader’ Cover Genius raises $120 million
20 May 2024
Cover Genius has completed an $US80 million ($121 million) funding round led by US-based venture capital firm Spark Capital...
Johns Lyng buys into builder ‘marketplace’ Handdii
20 May 2024
Building services provider Johns Lyng Group has acquired a stake in insurtech Handdii Holdings to help grow operations in the competitive US market...
Swiss Re looks to offload insurtech arm iptiQ
20 May 2024
Swiss Re plans to withdraw from its digital white-label platform iptiQ after almost a decade and will “look around to see who is interested in these assets”...
Adyen, Cover Genius partner on payment fraud
13 May 2024
Adyen has signed up as a payment processing partner for Cover Genius, to help the embedded insurance heavyweight with pay methods for customers worldwide...
Honey thanks departing VP for ‘blood, sweat and tears’
13 May 2024
Honey Insurance VP of partnerships Eoghan Trehy has left the business after three years...
Insurtechs to pitch at Guidewire contest
13 May 2024
Five finalists are preparing to present at cloud platform Guidewire’s Insurtech Vanguards Pitch Day competition in Sydney on May 23, the first time the event has been held in Australia...
Start-up launches ‘self-serve’ blockchain insurance platform
13 May 2024
Day By Day, chaired by former telecommunications minister Stephen Conroy, says it has launched the world’s first insurance platform for real-world assets that is powered by blockchain and AI...
Webinar to spotlight carbon insurance
13 May 2024
Law firm Norton Rose Fulbright will host an insurtech thought leadership webinar on carbon insurance on June 5...
Insurtech funding slumps to four-year low
06 May 2024
Global funding for insurtechs fell to $US912.25 million ($1.38 billion) in the first quarter, the lowest sum since early 2020, according to Gallagher Re...
Industry action ‘imperative’ as embedded cover surges
06 May 2024
Embedded insurance will grow to $35 billion or 18% of gross written premium (GWP) in Australia in 2033, analysts at PwC forecast...
Broker compliance burden a ‘tech problem’
06 May 2024
Insurtech JAVLN says the insurance industry needs to implement better systems to help brokers meet compliance requirements and “focus on their job at hand”...
Huddle owner’s new travel offer takes off
06 May 2024
Open Insurance – best-known for its artificial intelligence-driven brand Huddle – has created a travel insurance offer for the Australian market...