insuranceNEWS.com.au - InsurtechGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auUpcover warns brokers to act on AIhttps://www.insurancenews.com.au/insurtech/upcover-warns-brokers-to-act-on-aihttps://www.insurancenews.com.au/insurtech/upcover-warns-brokers-to-act-on-ai<p>Upcover founder Anish Sinha says last month&rsquo;s AI-related sharemarket sell-off should not be treated as a blip, but as a signal...</p>Mon, 16 Mar 2026 03:16:26 GMTAon clients pay premiums with cryptocurrencyhttps://www.insurancenews.com.au/insurtech/aon-clients-pay-premiums-with-cryptocurrencyhttps://www.insurancenews.com.au/insurtech/aon-clients-pay-premiums-with-cryptocurrency<p>Aon says it is the first business to let clients to pay insurance premiums using US dollar-backed stablecoin...</p>Mon, 16 Mar 2026 03:16:13 GMTKayna closes seed funding roundhttps://www.insurancenews.com.au/insurtech/kayna-closes-seed-funding-roundhttps://www.insurancenews.com.au/insurtech/kayna-closes-seed-funding-round<p>Irish embedded insurance infrastructure platform Kayna has closed a &euro;1.5 million ($2.45 million) seed funding round as it moves ahead with major expansion plans in the UK and US...</p>Mon, 16 Mar 2026 03:16:02 GMTFortescue’s Elysia enters Lloyd’s Labhttps://www.insurancenews.com.au/insurtech/fortescue-s-elysia-enters-lloyd-s-labhttps://www.insurancenews.com.au/insurtech/fortescue-s-elysia-enters-lloyd-s-lab<p>Twelve start-ups have been selected for the 16th cohort of the Lloyd&rsquo;s Lab following a pitch day, including software group Elysia, owned by Australian mining giant Fortescue...</p>Mon, 09 Mar 2026 03:51:54 GMTCodafication heads abroad as claims tech ‘in vogue’https://www.insurancenews.com.au/insurtech/codafication-heads-abroad-as-claims-tech-in-voguehttps://www.insurancenews.com.au/insurtech/codafication-heads-abroad-as-claims-tech-in-vogue<p>Brisbane insurtech Codafication plans to expand overseas amid stricter regulation of claims handling...</p>Mon, 09 Mar 2026 02:56:23 GMTInsiders drive growth in cyber breacheshttps://www.insurancenews.com.au/insurtech/insiders-drive-growth-in-cyber-breacheshttps://www.insurancenews.com.au/insurtech/insiders-drive-growth-in-cyber-breaches<p>Organisations face increased risk from malicious insiders and need to consider how data is flowing between their systems if they are to thwart cybercriminals, according to digital security specialist Mimecast...</p>Mon, 09 Mar 2026 02:26:43 GMT‘Scales tip towards defenders’ in ransomware battlehttps://www.insurancenews.com.au/insurtech/scales-tip-towards-defenders-in-ransomware-battlehttps://www.insurancenews.com.au/insurtech/scales-tip-towards-defenders-in-ransomware-battle<p>A small minority of businesses agreed to pay up as ransomware demands surged last year, according to the latest Cyber Claims Report from US insurer Coalition...</p>Mon, 09 Mar 2026 02:26:11 GMTPolicy wordings written for ‘pre-AI world’https://www.insurancenews.com.au/insurtech/policy-wordings-written-for-pre-ai-worldhttps://www.insurancenews.com.au/insurtech/policy-wordings-written-for-pre-ai-world<p>A survey by Gallagher has found one in five insurance industry professionals say a client experienced loss or claims due to AI-related risks in the past year, yet most policies do not explicitly address such threats...</p>Mon, 02 Mar 2026 03:55:45 GMTManual fraud controls ‘missing scams, slowing payouts’https://www.insurancenews.com.au/insurtech/manual-fraud-controls-missing-scams-slowing-payoutshttps://www.insurancenews.com.au/insurtech/manual-fraud-controls-missing-scams-slowing-payouts<p>Outdated payment systems and manual processes limit insurers&rsquo; detection of fraud, which features in up to 24% of claims, Dutch payment group Adyen warns...</p>Mon, 02 Mar 2026 03:55:37 GMTStudy reveals gap in defence against sophisticated cybercriminalshttps://www.insurancenews.com.au/insurtech/study-reveals-gap-in-defence-against-sophisticated-cybercriminalshttps://www.insurancenews.com.au/insurtech/study-reveals-gap-in-defence-against-sophisticated-cybercriminals<p>Only one in five chief information officers say they are highly effective at defending against cyberattackers using AI, a survey has found...</p>Mon, 02 Mar 2026 03:55:26 GMTInsurtechs ‘pose biggest threat’ to incumbentshttps://www.insurancenews.com.au/insurtech/insurtechs-pose-biggest-threat-to-incumbentshttps://www.insurancenews.com.au/insurtech/insurtechs-pose-biggest-threat-to-incumbents<p>Amazon and Tesla are considered less of a threat to insurance providers than insurtechs, a GlobalData survey has found...</p>Mon, 02 Mar 2026 03:55:17 GMTCurium warns on regulatory change ‘blind spot’https://www.insurancenews.com.au/insurtech/curium-warns-on-regulatory-change-blind-spothttps://www.insurancenews.com.au/insurtech/curium-warns-on-regulatory-change-blind-spot<p>Recent regulatory changes signal heightened attention on conflicts of interest and remuneration, according to Curium...</p>Mon, 02 Mar 2026 03:55:01 GMTConference hears ‘pro-compliance case for deploying AI’https://www.insurancenews.com.au/insurtech/conference-hears-pro-compliance-case-for-deploying-aihttps://www.insurancenews.com.au/insurtech/conference-hears-pro-compliance-case-for-deploying-ai<p>Artificial intelligence should be viewed as a tool to improve regulatory compliance and not be positioned solely as a risk, insurtech founder Steve Hind says...</p>Mon, 23 Feb 2026 03:48:09 GMTInsurAI wins pitch comp with ‘clunky dashboard’ alternativehttps://www.insurancenews.com.au/insurtech/insur-ai-wins-pitch-comp-with-clunky-dashboard-alternativehttps://www.insurancenews.com.au/insurtech/insur-ai-wins-pitch-comp-with-clunky-dashboard-alternative<p>Hobart start-up InsurAI has been crowned winner of this year&rsquo;s InsurtechLIVE pitch contest...</p>Mon, 23 Feb 2026 03:47:59 GMTLocal tech powers Smart solutionshttps://www.insurancenews.com.au/insurtech/local-tech-powers-smart-solutionshttps://www.insurancenews.com.au/insurtech/local-tech-powers-smart-solutions<p>Australia is &ldquo;leading the way in a number of areas&rdquo; when it comes to improving conversations with customers in heavily regulated industries such as insurance, the CEO of Smart Communications says...</p>Mon, 23 Feb 2026 03:47:50 GMTTracker steers coverage through pirate-infested watershttps://www.insurancenews.com.au/insurtech/tracker-steers-coverage-through-pirate-infested-watershttps://www.insurancenews.com.au/insurtech/tracker-steers-coverage-through-pirate-infested-waters<p>CFC has launched a smart tracking feature for cargo ships to protect against the growing risk of piracy...</p>Mon, 23 Feb 2026 03:47:37 GMTTech funding ‘rebounds’ as AI interest growshttps://www.insurancenews.com.au/insurtech/tech-funding-rebounds-as-ai-interest-growshttps://www.insurancenews.com.au/insurtech/tech-funding-rebounds-as-ai-interest-grows<p>Investors pumped about $US5.08 billion ($7.17 billion) into insurance start-ups worldwide last year, up 19.5% on 2024, according to Gallagher Re...</p>Mon, 16 Feb 2026 02:44:49 GMTInsurtechLIVE reveals pitch contest finalistshttps://www.insurancenews.com.au/insurtech/insurtech-live-reveals-pitch-contest-finalistshttps://www.insurancenews.com.au/insurtech/insurtech-live-reveals-pitch-contest-finalists<p>Four insurance start-ups have been selected for a pitch competition at InsurtechLIVE26 this week...</p>Mon, 16 Feb 2026 02:44:29 GMTEmergence strengthens SME cyber policy wordinghttps://www.insurancenews.com.au/insurtech/emergence-strengthens-sme-cyber-policy-wordinghttps://www.insurancenews.com.au/insurtech/emergence-strengthens-sme-cyber-policy-wording<p>Emergence Insurance has released new cyber event protection policy wording...</p>Mon, 16 Feb 2026 02:44:14 GMTPolicy pass puts support ‘in travellers’ pockets’https://www.insurancenews.com.au/insurtech/policy-pass-puts-support-in-travellers-pocketshttps://www.insurancenews.com.au/insurtech/policy-pass-puts-support-in-travellers-pockets<p>Travel insurer 1Cover has launched a digital pass that helps policyholders access essential documentation while on the road...</p>Mon, 16 Feb 2026 02:43:57 GMT