insuranceNEWS.com.au - Insurtech

AI inaccuracy a ticking claim bomb, lawyer warns

Mon, 28 Apr 2025 03:49:42 GMT

Mistakes made by artificial intelligence may take years to be discovered and may cost insurers dearly due to unintended cover, Clyde & Co partner Darryl Smith says...

IA calls for ‘game-changing’ R&D framework

Mon, 28 Apr 2025 03:49:23 GMT

An increase in long-term funding is essential for research and development in Australia to match global competitors, the insurtech peak body says...

‘Save eight hours a week’:1Fort attracts $11 million

Mon, 28 Apr 2025 03:37:31 GMT

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...

Cover Genius deal gives Secutix clients automated refunds

Mon, 28 Apr 2025 02:02:14 GMT

Events ticketing firm Secutix has agreed a refund partnership with Cover Genius...

Broker website Advisr changes hands

Mon, 14 Apr 2025 04:30:41 GMT

Advisr founder Andy Jamieson says the website, designed to connect brokers with clients, has been acquired...

Emergence unveils IT company cover

Mon, 14 Apr 2025 04:30:15 GMT

Cyber specialist Emergence Insurance has launched a product designed for IT service providers...

NT minister salutes ‘local answer to global problem’

Mon, 14 Apr 2025 04:30:02 GMT

Insurtech Raindrop has been hailed as an NT success story and key to the territory’s economic future...

Travel group to offer Cover Genius cancellation cover

Mon, 14 Apr 2025 04:29:48 GMT

Insurtech Cover Genius has expanded its longstanding partnership with travel company Luxury Escapes to include cancellation protection...

Super hacks reveal ‘threat to entire system’

Mon, 07 Apr 2025 04:27:48 GMT

Cyberattacks on Australian superannuation funds have exposed leaking of member credentials as a critical vulnerability in the sector, consultancy Software@Scale warns...

In-house cyber responses ‘creating competency gaps’

Mon, 07 Apr 2025 04:25:03 GMT

An adaptive, modular response model offers the best way to recover from cyberattacks, Crawford & Company says...

Lloyd’s Lab welcomes latest cohort

Mon, 07 Apr 2025 04:21:07 GMT

Eleven start-ups have been chosen for the 14th cohort of the Lloyd’s Lab following a pitch day...

Ando, SSP extend decade-long platform tie-up

Mon, 07 Apr 2025 04:20:51 GMT

Ando Insurance New Zealand has extended its technology partnership with SSP...

Workers turn to ‘unofficial’ AI use with industry slow on uptake

Mon, 31 Mar 2025 02:50:45 GMT

Almost two-thirds of Australia’s finance, technology and business staff use artificial intelligence as a work tool, the Future Skills Organisation says...

Ardonagh tech division to share expertise worldwide

Mon, 31 Mar 2025 02:50:32 GMT

The Ardonagh Group has launched a technology arm it says will harness the best of robotics, machine learning and data enrichment across its businesses...

Finity unveils data classification tool

Mon, 31 Mar 2025 02:50:15 GMT

Finity has launched AI-powered software that automates industry data categorisation...

IAG hails satellite internet a ‘game-changer’ after Alfred trial

Mon, 31 Mar 2025 02:49:53 GMT

IAG is trialling Starlink micro-terminals that provide satellite internet connections in areas suffering outages...

AI key to ‘evolution in underwriting’, Swiss Re says

Mon, 24 Mar 2025 04:02:51 GMT

Using artificial intelligence will be essential if insurers are to remain competitive, a new report from Swiss Re says...

Instanda appoints Asia-Pacific sales chief for ‘rapid growth’

Mon, 24 Mar 2025 03:48:59 GMT

Insurance policy administration and distribution platform Instanda has appointed Jerry Hall as head of business development for the Asia-Pacific region...

Ravin, Plnar team up on property, car inspections

Mon, 24 Mar 2025 03:48:45 GMT

Insurtechs Ravin and Plnar have united to provide insurers an inspection tool for home and motor claims assessments...

AI fears to the fore as financial crime tipped to rise

Mon, 24 Mar 2025 02:31:11 GMT

About 64% of Australian finance and professional services businesses expect financial crime to increase this year, a new report from risk advisory group Kroll says...