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 »
Australian insurtech startup Edmund has launched to provide cyber insurance to small to medium enterprises (SMEs) with up to $20 million in annual revenue.
With consumers time-poor, the aim is for Cove to deliver “the most intuitive mobile experience of any insurer in the world”.
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.
Airtasker partners with Roobyx to launch income protection insurance product for task economy workers
Airtaskers can set aside part of their earnings to put towards insurance providing continuity of income in case of injury resulting in loss of work.
Unions NSW has today announced it has come to a “groundbreaking agreement” with Airtasker to deliver workers on the platform a number of conditions.
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.
HelloCars is offering an online car marketplace focused on selling quality used cars that are delivered to a buyer’s door anywhere in Australia.
Australian cybersecurity startup UpGuard raises US$17 million Series B co-led by Square Peg Capital with strategic investment from IAG
Australian-founded, California-based cybersecurity startup UpGuard has today announced the closing of a US$17 million (approximately $22 million) Series B round co-led by new investor Pelion Venture Partners and existing investor Square Peg Capital.
Health insurers nib, Bupa, and HBF band together to expand healthcare provider review platform Whitecoat
Health insurance providers nib, Bupa, and HBF have announced they are banding together to expand Whitecoat, a platform allowing consumers to search for and review healthcare providers.
US startup Trov to launch on-demand insurance app in Australia with Suncorp Group after US$25.5 million raise
Californian insurance startup Trov has today announced the closing of a US$25.5 million Series C round led by Oak HC/FT, with participation from Australia’s Suncorp Group, Guidewire, and Anthemis Group, as well as the launch of its new on-demand insurance app into Australia next month.
It was while working as a financial planner in Sydney, that 22-year-old Nikhil Sreedhar spotted an alarming trend – firms were consistently charging exorbitant amounts of money for substandard service.
RiskAdviserMatch.com can be seen as an encounter between eHarmony and Lloyds of London. Launching on Valentine’s Day, this new online ‘matching making service’ has one prime purpose: to connect startups and SMEs with the right insurance brokers to meet their business needs.
In just 15 months since its launch, Health.com.au has experience phenomenal growth. Their disruptive approach to product, process and service has seen the company sign up over 40,000 members and deliver revenues of AUD$46M in their first year of operation.