Insurance stories - Page 5

Affinda Group secures USD $10 million in latest funding round, raising total to USD $22.9 million over 18 months, and now valued at USD $120 million.

New Zealand's EsseVault ventures into professional services with EssePro, a platform poised to revolutionise customer interactions in law and insurance sectors.

NP Digital is set to acquire SearchGuru, boosting its APAC presence and enhancing service offerings. This move adds 120 marketers to NP’s 270-strong team.

Endava restructures leadership and strategy post-acquisition of Mudbath and DEK Technologies, enhancing its Australian capabilities for significant digital transformation growth.

Momentum Life has launched QBOT, an AI-powered quality assurance bot by Quanton, to enhance compliance and customer service.

Australia’s fintech sector, powered by innovation, technology, and government backing, has surged from AUD $250 million in 2015 to AUD $45 billion in 2023.

Ansvar teams up with Interactive to modernise their tech stack and bolster security measures, driving enhanced risk management and regulatory compliance.

Zurich and UTS have developed AI models to streamline life insurance underwriting, significantly cutting the time for decisions on mental health disclosures from 22 days to instant approvals.

New Accenture research suggests responsible AI adoption could boost APAC's economy by $4.5 trillion in 15 years, elevating GDP growth by 0.7 percentage points annually.

New research by Accenture shows generative AI could boost Australia's economy by USD $269 billion by 2038, adding 0.75% to annual GDP growth.

Discovermarket partners with Globe to launch CyberInsurance in the Philippines, offering protection against online identity theft and fraud as cybercrime surges.

A MYOB survey reveals that three in five mid-sized Australian businesses have faced cyber attacks, with the highest rates in finance and insurance sectors.

Dragos partners with top insurance, brokerage, and legal firms to bolster OT cybersecurity, creating a unified incident response framework against cyber hazards.

Australia’s AI innovation surpasses Asia Pacific, buoyed by strong tech infrastructure and initiatives like the brain-scale supercomputer DeepSouth.

New research reveals the global unified communications market will soar from USD $48.1B in 2021 to USD $187.6B by 2031, driven by digital transformation and remote work trends.

NormCyber earns prestigious Microsoft Threat Protection specialisation, demonstrating its expertise in deploying advanced cyber security solutions and solidifying its status as a top-tier Microsoft Security Solutions Partner.

Guidewire's latest study reveals varied customer opinions on the insurance industry, highlighting the impact of personal experiences, tech advances, and diversity.

Singapore's manufacturing industry outpaces financial services as the most targeted sector in cyber attacks, according to a 2024 Ensign InfoSecurity report.

Insurer Wakam launches its UK subsidiary, Wakam UK Limited, signalling a major expansion feat in the heavily regulated market.

Endava's new Agentic AI Industry Accelerator, Morpheus, aims to bring transparency and greater control to AI use in tightly regulated sectors.