insuranceNEWS.com.au - Insurtech

Insurers take ‘measured approach’ to AI

Mon, 21 Oct 2024 03:20:19 GMT

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

Mon, 21 Oct 2024 03:19:53 GMT

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

Mon, 21 Oct 2024 03:19:34 GMT

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’

Mon, 21 Oct 2024 03:19:14 GMT

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

Mon, 21 Oct 2024 03:18:33 GMT

Property intelligence business Arturo says its new Change Detection technology transforms how insurers monitor buildings...

Disaster messaging bot wins pitch prize

Mon, 14 Oct 2024 02:45:23 GMT

This year’s Natural Hazards Research Australia Disaster Challenge has been won by an artificial intelligence chatbot delivering postcode-specific disaster information...

'Loved the journey': Javln founder becomes chairman as new CEO recruited

Mon, 14 Oct 2024 02:45:10 GMT

Javln founder Dale Smith is taking the role of chairman after more than a decade running the New Zealand-based insurtech

Tech, media groups put innovation at heart of strategy

Mon, 14 Oct 2024 02:44:51 GMT

Innovation is the strategic priority over the next two years for technology, media and telecoms businesses, but increased regulatory scrutiny is a challenge, according to a WTW report...

Covu raises $18 million as investors hail ‘technology and approach’

Mon, 14 Oct 2024 02:44:29 GMT

US insurtech Covu has raised $US12.5 million ($18.51 million) from new and existing investors...

Institute to host AI panel discussion

Mon, 07 Oct 2024 01:47:33 GMT

The Australian and New Zealand Institute of Insurance and Finance’s general insurance breakfast will explore the benefits and limitations of artificial intelligence in the industry...

Governments to use FloodMapp intelligence

Mon, 07 Oct 2024 01:47:16 GMT

Geoscience Australia will offer FloodMapp tools to state and federal government agencies...

Cover-More teams with BOXX on cyber protection

Mon, 07 Oct 2024 01:46:56 GMT

Zurich-owned travel insurer Cover-More has engaged Canada’s BOXX to provide its policyholders with cybersecurity support and insurance...

Popular apps expose insurers to malware

Mon, 07 Oct 2024 01:46:11 GMT

The top three apps being abused to deliver malware in the insurance industry are GitHub, OneDrive and SharePoint, according to Netskope Threat Labs...

First bitcoin-denominated cover launches

Mon, 07 Oct 2024 01:45:45 GMT

Relm Insurance has launched business interruption cover for bitcoin miners, in what it says is the first bitcoin-denominated insurance product...

AI-driven claims process advances set to accelerate

Mon, 30 Sep 2024 04:56:41 GMT

Artificial intelligence implementation to improve the claims process is likely to become significant in the local insurance industry within the next five years, IAG executive manager analytics and AI Willem Paling says...

Covertech offers manual quoting tool

Mon, 30 Sep 2024 04:56:26 GMT

Covertech Australia has launched a new version of its Proceso platform and an AI-assisted library called Coverdata...

Honey’s Joffe joins DroneShield board

Mon, 30 Sep 2024 04:56:14 GMT

Honey founder Richard Joffe is one of two new independent non-executive directors on DroneShield’s board...

Clover wins fast growth award

Mon, 30 Sep 2024 04:56:03 GMT

Technology-led underwriting agency Clover Insurance Australia has won the award for fastest growing financial services company at the Pemba Summit Awards...

Suncorp welcomes new NZ tech chief

Mon, 23 Sep 2024 03:22:36 GMT

Suncorp New Zealand has appointed Debbie Mills as national EGM technology, effective from November...

Officetech brought under Javln brand banner

Mon, 23 Sep 2024 03:22:16 GMT

Javln’s Officetech product will undergo a brand refresh to help integrate it into the main business’ operations...