The insurtech conversation in Australia has moved on from “if” to “how”. Leading insurance firms of the future will be those who successfully partner with insurtechs to realise their digital transformation strategy. After all, 67 percent of insurtechs exist solely to aid digital transformation. As we know, there are high barriers to entry to the… Read more »
Industry body Insurtech Australia launches Global InsurTech Alliance to facilitate international collaboration
Insurtech Australia has partnered with a number of international counterparts to launch the Global InsurTech Alliance (GITA), an international network looking to facilitate global collaboration and connectivity in the insurance technology space.
With consumers time-poor, the aim is for Cove to deliver “the most intuitive mobile experience of any insurer in the world”.
Industry association Fintech Australia is today launching Insurtech Australia as a standalone division focused on representing insurtech startups and others working within the space.
InsurTech has been pinned as a growing industry thanks to claim and drone startups, although it is faced with fundamental challenges, according to a report.
California-based on-demand insurance startup Trov has raised US$45 million ($59.44 million) in a Series D round led by Munich Re / HSB Ventures, with participation from all its Series C investors, including Australia’s Suncorp Group.