Hi <<First Name>>,
This month we welcome new members Intellimin and clearScope to the community. Congratulations to Aerologix for securing $4.2m capital led by Ellerston Capital and Lindsay Phillips’ Nightingale Partners. A big congratulations also go to Digital Experience Labs, ProofTec and Cover Genius for their latest partnerships! We also welcome two new partnerships, eBaoTech, our latest Gold Partner and WNS as an ecosystem partner. You can read about them below, and we look forward to hearing more from them in the months ahead. Welcome to the Insurtech Australia community!
Our Insurtech Australia's first-overseas-delegations for 2022 is next week! We will be heading to ITC Asia for The Future of Insurance is Here conference with a selected group of our members: Advisr, Evari, Reask, AYLA, Mapizy, Day By Day, Curium, and Kanopi. Congratulations to these eight members who were successful in their applications to be showcasing their brands and pitch to corporates and investors at our Singapore Immersion Week at the ITC Asia conference this June!
In our monthly podcast, we have the Founder and CEO of Kanopi, Nigel Fellowes-Freeman, who recently sat down with Vanessa Dobson to delve into the core of Kanopi teams. We also have Dr Mehdi Ravanbakhsh, Co-Founder and CEO of Mapizy, on the Inspire Insurtech Interview. Simon O'Dell, MD of Insurtech Gateway Australia, also shares some insights on what start-ups must do to increase and retain their user base. Don't forget to check these out below!
We hope you are all keeping well, and as always, don't hesitate to get in touch.
The Insurtech Australia Team
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- Intellimin is a rapidly deployed, cloud-based insurtech policy administration and omni channel distribution platform. We have decades of experience in implementing our system globally.
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- clearScope Claims Technology empowers insurers, simplifying the traditionally complex environment of water damage through governance, data and technology.
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- InsureMO, A zero CAPEX middleware platform for Insurers, Start-ups, InsurTech, and Channels by eBaoTech: InsureMO (or “Insurance Middle Office”) is a platform as a service (PAAS) designed to accelerate insurance innovation and improve connectivity among Insurance stakeholders. It frees up Insurers (100+ globally) from legacy constraints, unlocking their ability to innovate with new products and distribution channels. InsureMO has also enabled 200+ start-ups, channels, and Insurtech to accelerate time to market and shorten development time with Microservices, API, Cloud, and Headless (MACH) environment at a low cost. With an OpEx business model that allows immediate adoption without enterprise planning or tedious program management, we believe InsureMO is a great platform to support the thriving Australia and NZ Insurtech eco-system. Team InsureMO is excited to be a part of the Insurtech Australia community!
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- WNS co-creates business transformation with 400+ global clients, including over 55 insurers, reinsurers, brokers and InsurTech companies. Its 52,000+ strong workforce spread across 54 delivery centres worldwide focuses on building relevant and impactful solutions that help clients boost agility and resilience and power sustainable, purposeful growth. WNS offers a full spectrum of insurance solutions and services across property and casualty, life, annuity, and pensions. Relying on its deep domain knowledge, technology-enabled platforms, advanced analytics capabilities, expertise in digital transformation and a strong insurtech partnership ecosystem, WNS helps insurers reduce risk and indemnity spending, lower the cost of service and enable superior experiences in a digital-first world. Recognised as a leader by ISG, Everest and NelsonHall, WNS is looking forward to collaboratively driving further growth and innovation for insurers in the region. WNS is delighted to be joining the Insurtech Australia community!
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INSURTECH AUSTRALIA PODCAST
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Talking all things smart, embedded and connected with the Founder and CEO of Kanopi, Nigel Fellowes-Freeman, we delve into the core drivers of the Kanopi team, the criticality of deep partnerships and the advantage of understanding what you’re great at.
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THE INSPIRE INSURTECH INTERVIEWS
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The Inspire Insurtech Interview series is designed to inspire fellow insurtechs. We’d like to share who they are, what they do, and what we can expect from them in the future. This month, we talked to Dr Mehdi Ravanbakhsh, Co-Founder and CEO of Mapizy. Enjoy!
Tell us the company’s brief pitch.
At Mapizy, we empower insurance carriers with HD property analytics. Advanced mapping data isn’t available and is costly to collect through site visits. We use AI and HD aerial images to remotely assess properties and provide companies with the most up-to-date and comprehensive data in the comfort of their office.
Our AI-powered HD geospatial analytics helps insurers underwrite more accurately and faster, adjust the home premium at renewal and instantly provide accurate quotes. Our unique AI technology provides insurance businesses with advanced property mapping and risk data at unprecedented detail down to roof tile quality.
So how did the company begin?
Over the last 20 years, Mapizy founding team observed that the speed of geospatial data collection from aerial imagery is too slow, which resulted in outdated data not being suitable for many businesses who rely on the most up-to-date data...
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Insurtech Australia (IA) has selected eight delegates (Advisr, Evari, Reask, AYLA, Mapizy, Day By Day, Curium, and Kanopi) to head to Insuretech Connect (ITC) Asia in Singapore this June, the region’s largest gathering of insurance leaders and innovators.
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Insurtech Australia's CEO, Simone Dossetor, recently sat down with Mark Silveira as part of the engaging Business Made Personal podcast series to talk about Women in Leadership.
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User growth is one metric that is vital in showcasing performance potential for investors. In this article, Insurtech Gateway Australia's Managing Director, Simon O’Dell, will explain what start-ups must do to increase and retain their user base.
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What might mobility look like in Adelaide’s Smart City future?
With the continuing importance of combating climate change and the subsequent innovations in transportation technology, its inspiring mobility and its place in Smart Cities are becoming an increasingly hot topic. In part one of our Future of Mobility series, you’re invited to participate in a uniquely interactive event. Audience members and a panel of experts will discuss pressing issues in an open, two-way conversation around what future mobility looks like and what we need to do to make Australia a global leader in creating intelligent, sustainable, and liveable cities of the future. Register here.
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1 WEEK AWAY!
Insurtech Australia is excited to be partnering with ITC Asia, and this year we will have a group of successful members delegation (Mapizy, Reask, Advisr, Kanopi, AYLA, Evari Tech, Curium, and DayByDay) with us travelling to the ITC conference for our Singapore Immersion Week program with Austrade. Over 3 days and across 70+ sessions from 7-9 June, connect and network with the best minds in insurance innovation like AXA, bolttech, Prudential, and many more. Early bird prices are out now with limited availability!
We are delighted to offer our Newsletter subscribers a further 20% off current prices when you use the promo code: IA20. See you there! Register here.
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The insurance industry has long been in the vanguard of understanding and managing risk and has served as an important early warning system for society by amplifying risk signals. Through loss prevention and mitigation, by sharing risks over many shoulders, and as major investors, the insurance industry has protected society, shaped markets and underpinned economic development. At this event, we partner with Insurtech Gateway Australia and Envest to discuss the current status of ESG, the role of corporations in driving sustainability, and the critical role insurtech can play. Register here.
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Celebrating the accomplishments of individuals and businesses and discovering new talent that helped the Australian insurance industry grow and flourish. You can grab your ticket here.
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SAVE THE DATE - What's on in 2022!
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Member-Only Educational Session:
Insurance Regulation Focus - The Fold Legal (Virtual)
- Session 1: Licensing Journey
- Session 2: Design and Distribution – Product Innovation
- Session 3: Marketing and Promotion – Do’s and Don’ts
Investment Focus - DLA Piper (Virtual)
- Session 2: Fundraising best practice – trends and opportunities. (16th June)
- Session 3: ESVCLP rules and their applications to insurance. (18th August)
Member and Partner-Only:
Sydney Networking event sponsored by Cognizant (21st June)
Partner Event:
Hollard Insurance (19th July)
- The Good, The Bad and the Ugly - First-hand insights into partnering from an Insurer and Insurtech perspective.
RAA (Hybrid Event)
- The Future of Mobility Series:
(20th July / and 17th August 2022)
Community Conferences:
- ITC Las Vegas: 20th-22nd September (in-person)
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Become a Member or a Partner
Insurtech Australia is helping make Australia a world leader in Insurtech by fostering a diverse community of insurance innovation and collaboration by bringing together insurtechs, insurance practitioners, entrepreneurs, technologists, innovators, and industry stakeholders across Australia.
If you are an insurtech and you are not a member yet, please get in touch for how to join.
Alternatively, if you work for a corporate insurance organisation and interested in corporate partnership, please get in touch for more information.
More info.
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Share your news
Thanks for reading! Have something to share with the insurtech community?
Please send to hello@insurtechaustralia.org
Stay in touch
Join the Insurtech Australia Community group on LinkedIn and start a conversation! Click here to subscribe to this newsletter!
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