InsurTech industry news

Provident Insurance’s CIO Paul Natac, shares how InsurTechNZ member ICE InsureTech has given them a competitive edge and transformed their operations. Faced with challenges from legacy systems, they needed a flexible, scalable platform to support their growth. View now.

Turners Automotive Group and NZGCP have invested $1,250,000 in growing insurance comparative platform Quashed, which has attracted nearly 100,000 users. Turners Automotive Group’s investment of $1 million aligns with its partnership strategy to provide more value to its customers through digital offerings. Learn more.

In healthcare, Clanwilliam and Hannover Life Re are collaborating on new ways of improving access to electronic health records (EHRs) from healthcare providers. Sam Liebert and Dr Monique Esterhuizen discuss their six month pilot here. 

In other health news, nib New Zealand has rolled out an AI-powered symptom checker aimed at helping Kiwis navigate the healthcare system and access suitable treatment based on their symptoms. Read more. 

Meanwhile, AIA New Zealand has appointed Luke Longney as its new chief technology officer.

CelsiusPro and Tower have launched Tower’s new IT platform for parametric insurance distribution, starting with Cyclone Response Cover in Fiji and Tonga. The parametric insurance offers quick cash payouts to policyholders when their property is affected by a high-wind tropical cyclone, regardless of damage. Learn more.

As cyber threats continue to evolve and pose significant risks to the financial sector, the Australian Prudential Regulation Authority (APRA) has once again issued guidance to insurers, highlighting prevalent weaknesses in cyber control practices. Read more.

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