Insurtech investment continues to surge worldwide – Accenture report

According to new data by CB Insights, as reported by Accenture, insurtech deals worldwide grew 39% in terms of number and 32% value-wise, to US$2.3 billion, in 2017. Accenture cited property & casualty (42% of global insurtech investments) as the mos

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The future of insurtech regulation

ASIC has revealed the best ways to engage and develop with the regulator on insurtech. At the inaugural Insurance Business Insurtech Summit, held in Sydney yesterday, Emma Curtis, group senior manager for insurance at ASIC, said that the regulator r

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Willis Towers Watson sheds light on the insurtech boom

“The sobering of insurtech” was how brokerage giant Willis Towers Watson described last year’s trend involving incumbents worldwide, as 2017 saw record investment into start-ups and technology not only from financial investors but also from ins

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Will insurtechs really disrupt the Australian industry?

Australia’s insurance industry has been understandably shaken by the arrival of insurtechs but are these newcomers really gearing up to overthrow a well-established sector? According to a recent report from Ernst & Young, no – or at least most o

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Demystifying insurtech to present opportunities for brokers

The bricks and mortar insurance broker is transforming. Today, some brokerages look a lot more like Google than an insurance brokerage. They have virtual employees driven by artificial intelligence (AI) who can provide slick and efficient customer se

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Buffett speaks up on what driverless cars will mean for car insurance

Driverless cars will eventually, and inevitably, arrive – the question is when it will happen. For Warren Buffett, CEO of Berkshire Hathaway, which owns Maryland-based auto insurer Geico, that raises another question: what does this mean for car i

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