insuranceNEWS.com.au - InsurtechGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auInsurtech Australia enters UK partnership https://www.insurancenews.com.au/insurtech/insurtech-australia-enters-uk-partnershiphttps://www.insurancenews.com.au/insurtech/insurtech-australia-enters-uk-partnership<p>Insurtech Australia and Insurtech UK have signed a Memorandum of Understanding to jointly advocate for startups and technology to transform the insurance industry...</p>Mon, 04 Dec 2023 02:22:58 GMTXceedance seeks Generative AI insurtech collaborators https://www.insurancenews.com.au/insurtech/xceedance-seeks-generative-ai-insurtech-collaboratorshttps://www.insurancenews.com.au/insurtech/xceedance-seeks-generative-ai-insurtech-collaborators<p>Consulting and technology firm Xceedance is canvassing ideas from insurance industry participants to find use cases to explore in a new Generative AI Centre of Excellence...</p>Mon, 04 Dec 2023 02:22:29 GMTFinancial services startups look beyond Australia  https://www.insurancenews.com.au/insurtech/financial-services-startups-look-beyond-australiahttps://www.insurancenews.com.au/insurtech/financial-services-startups-look-beyond-australia<p>Limited local capital and complex regulatory hurdles are increasingly tempting local financial services startups to focus their efforts offshore...</p>Mon, 04 Dec 2023 02:21:45 GMTMoodflx, Airdocs win DXC Invitational https://www.insurancenews.com.au/insurtech/moodflx-airdocs-win-dxc-invitationalhttps://www.insurancenews.com.au/insurtech/moodflx-airdocs-win-dxc-invitational<p>This year&rsquo;s DXC Invitational insurtech competition has been won by Moodflx and Airdocs...</p>Mon, 04 Dec 2023 02:21:17 GMTAmelio Health selected for Global Insurance Accelerator program https://www.insurancenews.com.au/insurtech/amelio-health-selected-for-global-insurance-accelerator-programhttps://www.insurancenews.com.au/insurtech/amelio-health-selected-for-global-insurance-accelerator-program<p>Sydney-based Amelio Health says it is the only Australian company selected for the 2024 Global Insurance Accelerator program, which provides seed funding, mentoring and office services in Des Moines Iowa, with 100-days of on-site support...</p>Mon, 04 Dec 2023 02:20:46 GMTZestyAI, Cytora partner on property risk assessment https://www.insurancenews.com.au/insurtech/zesty-ai-cytora-partner-on-property-risk-assessmenthttps://www.insurancenews.com.au/insurtech/zesty-ai-cytora-partner-on-property-risk-assessment<p>Insurtech ZestyAI has agreed a new partnership with digital risk processing platform Cytora to support commercial property underwriting with its severe weather event data...</p>Mon, 04 Dec 2023 02:20:13 GMTTech-shunning insurers ‘face extinction’  https://www.insurancenews.com.au/insurtech/tech-shunning-insurers-face-extinctionhttps://www.insurancenews.com.au/insurtech/tech-shunning-insurers-face-extinction<p>An ability to adopt a coming wave of insurtech will be key to survival for insurance industry firms, Frazer Walker Partners Ian Chisholm and Nick Careless say, while insurers that don&rsquo;t embrace technology &ldquo;face extinction&rdquo;...</p>Mon, 27 Nov 2023 02:07:34 GMTInsurtech Australia welcomes new board members https://www.insurancenews.com.au/insurtech/insurtech-australia-welcomes-new-board-membershttps://www.insurancenews.com.au/insurtech/insurtech-australia-welcomes-new-board-members<p>The board of Insurtech Australia has elected three new members...</p>Mon, 27 Nov 2023 02:06:43 GMTDXC Invitational pitch night to be held tomorrow https://www.insurancenews.com.au/insurtech/dxc-invitational-pitch-night-to-be-held-tomorrowhttps://www.insurancenews.com.au/insurtech/dxc-invitational-pitch-night-to-be-held-tomorrow<p>A pitch night for finalists in DXC Technology&rsquo;s 2023 DXC Invitational will be held in Sydney tomorrow evening, and live streamed...</p>Mon, 27 Nov 2023 02:06:12 GMTMarsh staff save eight hours a week with new LenAI tool https://www.insurancenews.com.au/insurtech/marsh-staff-save-eight-hours-a-week-with-new-len-ai-toolhttps://www.insurancenews.com.au/insurtech/marsh-staff-save-eight-hours-a-week-with-new-len-ai-tool<p>Marsh McLennan has launched a new Generative AI tool called LenAI for its 85,000 global workforce, and says staff are reporting savings of eight work hours a week on average, and 20% less time spent on simple and repetitive tasks...</p>Mon, 27 Nov 2023 02:05:13 GMTCover Genius partners with Scandinavian airline SAS https://www.insurancenews.com.au/insurtech/cover-genius-partners-with-scandinavian-airline-sashttps://www.insurancenews.com.au/insurtech/cover-genius-partners-with-scandinavian-airline-sas<p>Cover Genius has added airline SAS to the growing list of firms deploying its XCover embedded insurance platform...</p>Mon, 27 Nov 2023 02:04:32 GMTInsurtechLIVE24 early bird registration opens https://www.insurancenews.com.au/insurtech/insurtech-live-24-early-bird-registration-openshttps://www.insurancenews.com.au/insurtech/insurtech-live-24-early-bird-registration-opens<p>Insurtech Australia is offering early bird discounts to its annual InsurtechLIVE event, to be held in Sydney on February 13...</p>Mon, 20 Nov 2023 02:38:05 GMTCara Morton appointed Zurich Global Ventures CEO https://www.insurancenews.com.au/insurtech/cara-morton-appointed-zurich-global-ventures-ceohttps://www.insurancenews.com.au/insurtech/cara-morton-appointed-zurich-global-ventures-ceo<p>Cover-More Group is to recruit a new Group CEO after the appointment of Cara Morton as Zurich Global Ventures Chief, effective February...</p>Mon, 20 Nov 2023 02:37:12 GMTFormer local Swiss Re head joins insurtech RETJA https://www.insurancenews.com.au/insurtech/former-local-swiss-re-head-joins-insurtech-retjahttps://www.insurancenews.com.au/insurtech/former-local-swiss-re-head-joins-insurtech-retja<p>Swiss Re&rsquo;s former Australia and New Zealand operations head Mark Senkevics has taken a role on the advisory board at insurtech RETJA after departing the reinsurer on June 30 after two decades...</p>Mon, 20 Nov 2023 02:36:40 GMTChubb creates portal for Chubb Studio client IT teams https://www.insurancenews.com.au/insurtech/chubb-creates-portal-for-chubb-studio-client-it-teamshttps://www.insurancenews.com.au/insurtech/chubb-creates-portal-for-chubb-studio-client-it-teams<p>Chubb has launched a new developer portal to make it easier for technology teams at clients of its embedded insurance division, Chubb Studio...</p>Mon, 20 Nov 2023 02:36:08 GMTInsurtechs ignore insurance fundamentals at their peril: Gallagher Rehttps://www.insurancenews.com.au/insurtech/insurtechs-ignore-insurance-fundamentals-at-their-peril-gallagherhttps://www.insurancenews.com.au/insurtech/insurtechs-ignore-insurance-fundamentals-at-their-peril-gallagher<p>To be successful, insurtechs must understand that insurance is unique and fundamentally different to industries such as manufacturing where fixed costs &ldquo;vastly outweigh&rdquo; variable marginal costs, Gallagher Re says...</p>Mon, 13 Nov 2023 03:11:02 GMTBAIS hires Head of Commercial and Product https://www.insurancenews.com.au/insurtech/bais-hires-head-of-commercial-and-producthttps://www.insurancenews.com.au/insurtech/bais-hires-head-of-commercial-and-product<p>BAIS insurance technology has appointed Christopher Hatzidis to the newly created position of Head of Commercial and Product...</p>Mon, 13 Nov 2023 03:10:26 GMTInsurtech Australia welcomes new members Mrty, RETJAhttps://www.insurancenews.com.au/insurtech/insurtech-australia-welcomes-new-members-mrty-retjahttps://www.insurancenews.com.au/insurtech/insurtech-australia-welcomes-new-members-mrty-retja<p>Insurance startups Mrty and RETJA are the latest Insurtech Australia members...</p>Mon, 13 Nov 2023 03:08:43 GMTAllianz invests in US insurtech NEXT https://www.insurancenews.com.au/insurtech/allianz-invests-in-us-insurtech-nexthttps://www.insurancenews.com.au/insurtech/allianz-invests-in-us-insurtech-next<p>Allianz&rsquo;s digital investments arm Allianz X has invested in California-based insurtech NEXT Insurance alongside US insurer Allstate, with combined funding of $US265 million..</p>Mon, 13 Nov 2023 03:07:53 GMTMapizy joins WA Indonesia Connect Roadshow https://www.insurancenews.com.au/insurtech/mapizy-joins-wa-indonesia-connect-roadshowhttps://www.insurancenews.com.au/insurtech/mapizy-joins-wa-indonesia-connect-roadshow<p>Insurtech Mapizy was part of this year&rsquo;s WA Government Indonesia Connect Roadshow 2023 delegation, attending under the "creative industry and digital economy&rdquo; stream...</p>Mon, 13 Nov 2023 03:07:18 GMT