AI dominates insurtech funding push
11 November 2024
Eight of the 10 biggest third-quarter insurtech funding rounds were AI-centred, according to a Gallagher Re global update...
Insurtech
Industry ‘ready to take tech leap’
11 November 2024
More than two-thirds of insurers expect to deploy artificial intelligence in the next two years with the industry now “ready, willing and able” to move towards a technologically advanced future...
Injured claimants’ digital twins help insurers improve service
11 November 2024
An AI model that creates “digital twins” of injured people could help insurers assess the effectiveness of various policy and parameter changes, according to its developer...
Flight Centre brands to offer Cover Genius travel product
11 November 2024
Cover Genius has added Flight Centre brands Aunt Betty and BYOjet to its list of retail partners...
InsuredHQ teams with UK’s GoCardless
11 November 2024
New Zealand software provider InsuredHQ has added GoCardless bank payment technology to its platform, to let insurers to schedule customer payments using direct debit and PayTo...
Number of insurtech deals halves in Q3
04 November 2024
There were 53 insurtech deals worldwide in the third quarter, a drop from 104 in July-September last year, Fintech Global says...
Cover Genius moves step closer on claims automation
04 November 2024
Cover Genius expects to mostly automate claims after completing a car rental insurance case using only technology in recent weeks...
AI Con promises ‘deep dive’ into innovation
04 November 2024
Industry conference AI Con will be held in Sydney on Thursday, offering data and artificial intelligence practitioners guidance to “harness innovation for the future”...
‘Antiquated platforms’ holding back brokers
04 November 2024
Slow adoption of technology is denting brokers’ ability to serve customers, with decisions taking longer than necessary due to standalone or disconnected tools, Javln says...
Open hitches a ride with EV maker
04 November 2024
Hollard-backed Open Insurance has partnered with electric car maker CUPRA Australia to offer cover on the Volkswagen subsidiary’s sales platform...
Simfuni eyes 2025 funding push
28 October 2024
Auckland insurtech Simfuni is planning a funding round in March to raise more than $10 million as it eyes new markets in Asia...
TCG makes winning pitch at broker convention
28 October 2024
An Australian team from Swiss insurtech TCG Process won a pitch competition at the National Insurance Brokers Association Convention in Adelaide...
Cover Genius marks 10 years of ‘bridging the gap’
28 October 2024
Cover Genius is celebrating a decade of successful operations...
Pitches sought for DXC Invitational
28 October 2024
DXC Technology is inviting insurtech community members to enter its 2024 Invitational, which involves a series of online workshops and a pitch competition...
Insurers take ‘measured approach’ to AI
21 October 2024
Insurance businesses are ahead of the global average when it comes to investing in artificial intelligence, though the pace of implementation is slow compared with other industries, according to a KPMG report...
EXL rolls out ‘fine-tuned’ insurance LLM
21 October 2024
EXL has launched what it says is the first specialised large language model for insurance to support claims reconciliation, data interpretation, question-answering, anomaly detection and chronology summarisation...
DAS launches crop data tool
21 October 2024
Digital Agriculture Services has launched a crop insurance solution in Australia that uses machine learning, automapping and geospatial data to improve policy accuracy...
Harsh compliance regime ‘boosts cyber defences’
21 October 2024
Tough regulations mean financial services groups in Australia and New Zealand “tend to be further advanced than other sectors when it comes to overall cybersecurity”, Thales says...
Arturo launches AI property monitoring tool
21 October 2024
Property intelligence business Arturo says its new Change Detection technology transforms how insurers monitor buildings...
Disaster messaging bot wins pitch prize
14 October 2024
This year’s Natural Hazards Research Australia Disaster Challenge has been won by an artificial intelligence chatbot delivering postcode-specific disaster information...