Sydney-based Reask has closed its first round of funding with support from Chinese tech giant Tencent and other Silicon Valley investors, boosting insurtech’s drive to become a critical natural disaster operator using artificial intelligence (AI). Reask said the investment will…
Australian Securities and Investments Commission (ASIC) Vice Chair Karen Chester said: “Policy wording has not been updated to align with applicable law and that leads to unnecessary uncertainty for insurers about their level of risk and for insurance policies,” said…
The hundreds of nominations flooding in this year for the IBA’s annual Women of Excellence list makes it clear that women have been and are making their voices heard in what was once a male-dominated field. While women…
Storm coming for insurers as losses grow: Hannover Re May 2, 2016 According to the Institute of Actuaries, climate change, wealth concentration and the interdependence of industries will continue to increase the severity of economic damage and the insured. Hannover…
Canstar picks live life winners June 19, 2017 NobleOak and Ozicare have been named “outstanding value insurers” in the Canstar Live Life Awards. The financial comparator said NobleOak was selected for its Premium Life product. It is the only direct…
GE sells Hallmark’s general business November 23, 2015 The Treasury has approved the sale of General Electric’s Hallmark General Insurance to a global private equity firm with Asian and US capital. KVD Australia – a company incorporated on 9 March…
Fraud allegations against Combined Insurance have led consumer groups to suggest that fraudulent sales practices may be a common feature in the insurance industry. A former Combine employee, whose Australian operations were merged with Ace in 2010, has accused dealers…
Check out Sydney’s sanctions joining Hannover Re . hub May 30, 2022 Sydney-based SanctionsCheck.co has been added to Hannover Re’s Equarium innovation platform. Ben Webster, co-founder of insurtech Agile Underwriting Services, designed Punishment Checking as a cost-effective way to manage…
Auto & General announces departure from CEO April 1, 2021 Auto & General’s local CEO John Myler has stepped down after 15 months in the role, and a full-scale search for his replacement will be underway in the coming months.…
Westpac NZ arm sells for $374 million July 12, 2021 Last week, Westpac announced its New Zealand life business would be sold for NZ$400 million ($374 million) to Fidelity Life Insurance. The announcement follows the completion of this month’s sale…