Hollard backs insurtech Kanopi in capital raising
31 May 2021
Hollard Insurance Company has invested in Melbourne-based Kanopi Cover during a $4 million fund raising as the insurance start-up plans expansion in the US and Canada...
Insurtech
DXC Technology partnership 'to transform Lloyd's'
31 May 2021
Lloyd’s is taking the next step in its ambition for a digital and technology led insurance marketplace that will provide accuracy, speed and processing power to the London insurance markets...
CIOs concerned over preparedness for next 'major' interruption: survey
31 May 2021
Most CIO organisations including ones from the insurance industry are not ready for another pandemic or the next major business interruption event, according to a global survey of senior technology leaders...
Insurance a customer drawcard for digital banks: Capgemini
31 May 2021
Adding non-banking services such as insurance can help digital-only lenders be a “daily companion” for clients, helping create an experience driven by life events rather than products, a new report says...
Insurtech Gateway partners with spatial solutions company
24 May 2021
Insurtech Gateway Australia has announced it is working with Brisbane-based spatial solutions firm Geolocarta...
Agile launches e-scooter third party cover
24 May 2021
Agile Underwriting Services has launched an insurtech third party product for the emerging e-scooter hire sector, with Neuron the first to take it up...
Tech pivot puts industry on cusp of 'major productivity boost'
24 May 2021
Extensive digitalisation and automation have placed insurers in Australia and globally on the verge of “a major productivity boost”, a new report from Allianz says...
Broker clients polarised on web-based communications
24 May 2021
Broker clients are polarised over whether they would like to continue using web-based tools such as Skype, Zoom and Teams as COVID-19 concerns ease, the Vero SME Insurance Index shows...
'Diligent' risk strategy key to keeping cyber at bay: Agile
24 May 2021
Agile Underwriting Services is warning organisations that basic cyber security measures are no longer sufficient to protect against cyber crime as ransomware is now sophisticated enough to bypass minimal security...
Suncorp ramps up digital focus
17 May 2021
Suncorp is accelerating its digitisation drive as it looks to technology to sharpen its competitiveness and product offerings...
'Supercharge' insurance distribution with technology
17 May 2021
The pandemic and climate change are making the world more insurance conscious, and insurers should seize the moment by enhancing their distribution channels with virtual reality and Artificial Intelligence, Capgemini and Efma’s new World Insurance Report 2021 says...
AI cuts 'total loss' motor claims for customers: IAG
17 May 2021
A study by IAG researchers found Artificial intelligence and automation techniques improve the customer experience during motor total loss claims as well as the insurer’s operational expenses in handling claims and metrics like churn rates...
Only 13% of insurers earn top marks for innovation: AM Best
17 May 2021
Although COVID-19 forced many insurers to seek out innovative solutions, most cover providers still show room for improvement, with ratings agency AM Best scoring just 13% top marks for innovation efforts...
Insurtech Australia members invited to recruitment advice event
17 May 2021
Insurtech Australia members are invited to attend a virtual session on Thursday detailing how to attract and retain the best talent...
Insurtech Australia backs extension of CDR to insurance
10 May 2021
Insurtech Australia has endorsed a government plan to extend the Consumer Data Right regime to the insurance industry...
AuditCover ready for more growth after closing inaugural seed funding round
10 May 2021
Insurtech AuditCover has closed its inaugural seed round funding to support the expansion of its business and technology development...
Machine learning shows promise for hazard budgeting
10 May 2021
There are promising results in applying machine learning techniques to the significant challenge of accurately predicting natural climate variability, attendees at this year’s Actuaries Summit heard...
Insurtech Australia to host 'crossing the ditch' event in May
10 May 2021
A free online event on May 27, hosted by Insurtech Australia, will compare the Australian and New Zealand insurtech markets and examine what resources are available for businesses to grow in either market...
Insurance-inspired Minecraft world gets 500,000 downloads
10 May 2021
NRMA Insurance’s new Minecraft world, which helps youngsters learn about resilience to natural disasters, has been downloaded 500,000 times in a week...
Seven billion reasons for insurers to innovate: Accenture
03 May 2021
Insurers are operating in a “new revenue landscape” which will challenge customer retention levels, with a rise in online distribution and digital insurance premiums set to displace $7.56 billion of current insurance sales over five years in Australia, Accenture says...