insuranceNEWS.com.au - InsurtechGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auDeal flurry spurs talk of ‘insurtech spring’https://www.insurancenews.com.au/insurtech/deal-flurry-spurs-talk-of-insurtech-springhttps://www.insurancenews.com.au/insurtech/deal-flurry-spurs-talk-of-insurtech-spring<p>Global funding of insurance start-ups surged to $US1.31 billion ($2.04 billion) in January-March, up 90% on the previous quarter, Gallagher Re says...</p>Mon, 12 May 2025 04:29:44 GMTHaast to ‘accelerate growth’ after funding injectionhttps://www.insurancenews.com.au/insurtech/haast-to-accelerate-growth-after-funding-injectionhttps://www.insurancenews.com.au/insurtech/haast-to-accelerate-growth-after-funding-injection<p>Start-up Haast has raised $6 million in a funding round led by venture capital group Airtree...</p>Mon, 12 May 2025 04:29:29 GMTClaims platform adds subrogation ID toolhttps://www.insurancenews.com.au/insurtech/claims-platform-adds-subrogation-id-toolhttps://www.insurancenews.com.au/insurtech/claims-platform-adds-subrogation-id-tool<p>US claims insurtech Clara Analytics has enhanced its Triage platform to automatically identify subrogation opportunities...</p>Mon, 12 May 2025 04:29:21 GMTGuidewire adds MyVal to innovation programhttps://www.insurancenews.com.au/insurtech/guidewire-adds-my-val-to-innovation-programhttps://www.insurancenews.com.au/insurtech/guidewire-adds-my-val-to-innovation-program<p>Sydney insurtech MyVal has been chosen to join Guidewire&rsquo;s Insurtech Vanguards program...</p>Mon, 12 May 2025 04:29:04 GMTAI tipped to trigger bot revolutionhttps://www.insurancenews.com.au/insurtech/ai-tipped-to-trigger-bot-revolutionhttps://www.insurancenews.com.au/insurtech/ai-tipped-to-trigger-bot-revolution<p>Large language model breakthroughs have unlocked opportunities to enhance claims processing and personalised recommendations, Cover Genius CTO Peter Phillips says...</p>Mon, 05 May 2025 03:47:26 GMTLiberty, Marsh experts headline IA start-up sessionhttps://www.insurancenews.com.au/insurtech/liberty-marsh-experts-headline-ia-start-up-sessionhttps://www.insurancenews.com.au/insurtech/liberty-marsh-experts-headline-ia-start-up-session<p>Risk experts from Liberty Specialty Markets, Marsh and DLA Piper will feature at an Insurtech Australia &ldquo;special event&rdquo; in Sydney tomorrow...</p>Mon, 05 May 2025 03:46:59 GMTAutomation tool promises to ‘supercharge productivity’https://www.insurancenews.com.au/insurtech/automation-tool-promises-to-supercharge-productivityhttps://www.insurancenews.com.au/insurtech/automation-tool-promises-to-supercharge-productivity<p>Software company TCG Process has launched a product designed to eliminate inefficiencies by automating tasks such as claims processing, onboarding and email triage...</p>Mon, 05 May 2025 03:46:43 GMTSXSW Sydney opens pitch contesthttps://www.insurancenews.com.au/insurtech/sxsw-sydney-opens-pitch-contesthttps://www.insurancenews.com.au/insurtech/sxsw-sydney-opens-pitch-contest<p>Insurtechs are invited to apply for a pitch competition at SXSW Sydney in October...</p>Mon, 05 May 2025 03:46:26 GMTAI inaccuracy a ticking claim bomb, lawyer warns https://www.insurancenews.com.au/insurtech/ai-inaccuracy-a-ticking-claim-bomb-lawyer-warnshttps://www.insurancenews.com.au/insurtech/ai-inaccuracy-a-ticking-claim-bomb-lawyer-warns<p>Mistakes made by artificial intelligence may take years to be discovered and may cost insurers dearly due to unintended cover, Clyde &amp; Co partner Darryl Smith says...</p>Mon, 28 Apr 2025 03:49:42 GMTIA calls for ‘game-changing’ R&D frameworkhttps://www.insurancenews.com.au/insurtech/ia-calls-for-game-changing-r-and-d-frameworkhttps://www.insurancenews.com.au/insurtech/ia-calls-for-game-changing-r-and-d-framework<p>An increase in long-term funding is essential for research and development in Australia to match global competitors, the insurtech peak body says...</p>Mon, 28 Apr 2025 03:49:23 GMT‘Save eight hours a week’:1Fort attracts $11 millionhttps://www.insurancenews.com.au/insurtech/save-eight-hours-a-week-1-fort-attracts-11-millionhttps://www.insurancenews.com.au/insurtech/save-eight-hours-a-week-1-fort-attracts-11-million<p>US insurtech 1Fort has raised $US7.5 million ($11.72 million) for its artificial intelligence platform, which it says saves brokers up to two hours per submission and increases their bind rate by up to a fifth on average...</p>Mon, 28 Apr 2025 03:37:31 GMTCover Genius deal gives Secutix clients automated refundshttps://www.insurancenews.com.au/insurtech/cover-genius-deal-gives-secutix-clients-automated-refundshttps://www.insurancenews.com.au/insurtech/cover-genius-deal-gives-secutix-clients-automated-refunds<p>Events ticketing firm Secutix has agreed a refund partnership with Cover Genius...</p>Mon, 28 Apr 2025 02:02:14 GMTBroker website Advisr changes handshttps://www.insurancenews.com.au/insurtech/broker-website-advisr-changes-handshttps://www.insurancenews.com.au/insurtech/broker-website-advisr-changes-hands<p>Advisr founder Andy Jamieson says the website, designed to connect brokers with clients, has been acquired...</p>Mon, 14 Apr 2025 04:30:41 GMTEmergence unveils IT company coverhttps://www.insurancenews.com.au/insurtech/emergence-unveils-it-company-coverhttps://www.insurancenews.com.au/insurtech/emergence-unveils-it-company-cover<p>Cyber specialist Emergence Insurance has launched a product designed for IT service providers...</p>Mon, 14 Apr 2025 04:30:15 GMTNT minister salutes ‘local answer to global problem’https://www.insurancenews.com.au/insurtech/nt-minister-salutes-local-answer-to-global-problemhttps://www.insurancenews.com.au/insurtech/nt-minister-salutes-local-answer-to-global-problem<p>Insurtech Raindrop has been hailed as an NT success story and key to the territory&rsquo;s economic future...</p>Mon, 14 Apr 2025 04:30:02 GMTTravel group to offer Cover Genius cancellation coverhttps://www.insurancenews.com.au/insurtech/travel-group-to-offer-cover-genius-cancellation-coverhttps://www.insurancenews.com.au/insurtech/travel-group-to-offer-cover-genius-cancellation-cover<p>Insurtech Cover Genius has expanded its longstanding partnership with travel company Luxury Escapes to include cancellation protection...</p>Mon, 14 Apr 2025 04:29:48 GMTSuper hacks reveal ‘threat to entire system’https://www.insurancenews.com.au/insurtech/super-hacks-reveal-threat-to-entire-systemhttps://www.insurancenews.com.au/insurtech/super-hacks-reveal-threat-to-entire-system<p>Cyberattacks on Australian superannuation funds have exposed leaking of member credentials as a critical vulnerability in the sector, consultancy Software@Scale warns...</p>Mon, 07 Apr 2025 04:27:48 GMTIn-house cyber responses ‘creating competency gaps’https://www.insurancenews.com.au/insurtech/in-house-cyber-responses-creating-competency-gapshttps://www.insurancenews.com.au/insurtech/in-house-cyber-responses-creating-competency-gaps<p>An adaptive, modular response model offers the best way to recover from cyberattacks, Crawford &amp; Company says...</p>Mon, 07 Apr 2025 04:25:03 GMTLloyd’s Lab welcomes latest cohorthttps://www.insurancenews.com.au/insurtech/lloyd-s-lab-welcomes-latest-cohorthttps://www.insurancenews.com.au/insurtech/lloyd-s-lab-welcomes-latest-cohort<p>Eleven start-ups have been chosen for the 14th cohort of the Lloyd&rsquo;s Lab following a pitch day...</p>Mon, 07 Apr 2025 04:21:07 GMTAndo, SSP extend decade-long platform tie-uphttps://www.insurancenews.com.au/insurtech/ando-ssp-extend-decade-long-platform-tie-uphttps://www.insurancenews.com.au/insurtech/ando-ssp-extend-decade-long-platform-tie-up<p>Ando Insurance New Zealand has extended its technology partnership with SSP...</p>Mon, 07 Apr 2025 04:20:51 GMT