Hi <<First Name>>,
This month we welcome new members Behave & Save and Staunch Technology, and celebrate a new partnership with Hamilton Locke. Welcome to the Insurtech Australia community! It's great to have you all on board.
As promised, in early July we held a virtual webinar with community partner Open and Embedded Insurance Observatory. If you weren't able to join on the day, it's not too late to access the recording in the Past Event section below. Mid-July marked our community event, co-hosted with Hollard Insurance, on Partnering: The Good, the Bad and the Ugly. It was a great evening: entertaining, interactive, and moderated by Vanessa Dobson. Coming up in August is our in-person event, Creating Resilience and Sustainability, and ANZIIF's 2022 Australian Insurance Industry Awards. Keep reading to see which 2 members have been nominated in the Insurtech Start-up of the Year category!
Work continues on our US Delegation to ITC Las Vegas in September this year. Please talk to us if you are a partner or a member of Insurtech Australia and would like to know more.
This month's podcast hosts KOBA's CEO Andrew Wong's discussion with Vanessa Dobson on the whirlwind development of his award-winning insurance company over the past 2 years. And in our August Inspire Insurtech Interview, Dr Jenny Legge gives us the rundown on Staunch Technology - who they are, what they do and why they do it.
Finally, we have some personal news regarding our changing Insurtech Australia team. Scroll down to learn more!
As per usual, please don't hesitate to contact us.
The Insurtech Australia Team
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Behave & Save is a state-of-the-art vehicle telematics platform with all of the embedded capabilities that insurers need to seamlessly deliver usage and behavioural based car insurance solutions (UBI/BBI), efficiently and profitably, without the prohibitive complexity, risk and cost, as-a-service.
Staunch Technology specialises in predictive risk intelligence software that matches worker abilities with job demands to reduce the number and costs of workplace injuries.
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Insurtech Australia is pleased to announce their new partnership with Hamilton Locke, one of Australia’s fastest growing law firms. The focus at Hamilton Locke is on transforming the traditional approach to corporate and commercial legal counsel. Hamilton Locke is a people-centric business with a simple philosophy – optimal 'people experience' (PX) will deliver the best 'client experience' (CX). They react quickly to change while continuously driving maximum value for clients by providing exceptional service, finding creative solutions and delivering smart advice.
We extend a warm welcome to Hamilton Locke as they become part of our Insurtech Australia community.
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Introducing Enviro Trees UK!
Enviro Frontier & TreeManager are excited to announce the official launch of Enviro Trees UK Limited. This heralds the expansion of Enviro Trees into the UK market, and is great news for the team!
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Aerologix announces new partnership
Congratulations goes to Aerologix, who have announced their partnership with Industry Partners Australia as a specialist company in the drone sector.
And there's more: SBS recently featured Aerologix as part of Small Business Secrets in their report on how drones may soon be used to fly medical supplies to remote Australian communities. Congratulations to Tom Caska and Rakesh Routhu on their unique use of this pioneering technology! Story link here.
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Why the hype about embedded insurance?
Open discussed the topic of embedded insurance on LInkedIn, outlining three ways embedded insurance makes life easier for everyone - making it a game changer for consumers.
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Do or die: Why insurers must go digital
Codafication explains why customer expectations and complex compliance issues are putting pressure on insurers to accelerate the pace of digital transformation.
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INSURTECH AUSTRALIA PODCAST
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Founder and CEO of KOBA Insurance, Andrew Wong, talks us through his views on how sub-optimal insurance can be and learnings from the head-spinning momentum of building the award-winning KOBA over the past two years.
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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 the Founder and CEO, Dr Jenny Legge of Staunch Technology. Enjoy!
Tell us the company’s brief pitch.
Staunch Technology helps employers, insurers, providers, and workers reduce sprains and strains in the workplace. Our customers can predict injury and work smarter by objectively matching worker abilities with job demands using our JobFit System platform to identify which workers are at risk of injury so that both the employer and the worker can manage that risk to reduce injuries and absenteeism and increase productivity and retention.
So how did the company begin?
Our founder, Dr Jenny Legge, is a physiotherapist and ergonomist who wanted to help more workers and employers than she could on her own as a clinician. She was frustrated with the waste of resources and inefficiency in the workers compensation sector and so developed the objective and standardised JobFit System job matching method. Dr Legge’s research into the predictive validity of functional testing showed that when workers did not match the demands of their role, they were 3x more likely to have a musculoskeletal injury and 5.8x more likely to have a back injury associated with manual handling. This scientific method is the foundation of the JobFit System platform...
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Monoova merger paves the way
Monoova have merged with Moneytech FX to deliver a single platform that enables businesses to consolidate domestic and international payment processes and take advantage of faster cross-border transactions.
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Attention Students!
Blake Oliver Connect is hosting an exclusive invitation-only event for shortlisted successful students. Over lunch, you will sit at a table with insurance company, broking house or law firm executives, selectively chosen based on your degree skillset and their hiring requirements.
Follow this link for more information. Get in quick with your expression of interest - or tag a student you know!
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Celebrating Success of High Growth Australian Companies
Submissions for the Tenth Annual Australian Growth Company Awards close on Tuesday 9th August. The awards - sponsors including Hamilton Locke, SOURCE and Willis Towers Watson - contain a Fintech category (along with several other categories that might be of interest). Get the full details here.
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A sad goodbye to Joy Liamtrai
We are sad to be announcing that Joy Liamtrai will leave Insurtech Australia on 5th August. Joy has been with us since the start, and pivotal to our growth and success over the last three years. She has so warmly welcomed our Insurtech partners and members and has kept us running smoothly - delivering countless events, webinars, delegations - and leading our communications including our newsletter and social media channels.
Joy has just completed her Executive MBA (Congratulations Joy!), and with a recent move interstate, is now looking for a new challenge closer to home. We know that Joy will continue to stay in touch with the Insurtech community!
Stepping into the Operations Manager role is Carolyn Johnston. Carolyn comes from Munich Re where she worked closely with Simone, and brings her attention to detail, ability to build relationships and passion for communication to this new role. Please do reach out and introduce yourself to Carolyn who is keen to meet and get to know our entire community.
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Following the highly successful Singapore Immersion Week in June 2022, organised by the Australian Trade and Investment Commission alongside Insurtech Australia as part of Insuretech Connect Asia, Insurtech Australia's CEO, Simone Dossetor explains how insurtechs aim to assist Southeast Asian insurers improve many aspects of business delivery using an innovative approach.
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This month marked the release of the 2022 Open and Embedded Insurance Report, which contains key highlights from the Observatory's research and global market intelligence on the topic. The report includes interviews with Jason Wilby from Open and Nigel Fellowes-Freeman from Kanopi, and Simone Dossetor has also written a chapter. Click on the link for an interesting read!
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Insurtech Gateway: Seed Fund II
Gateway is proud to announce the first closing of Insurtech Gateway Fund 2, a dedicated insurtech fund backed by global insurers. Combined with the insurtech incubator here in Australia, Insurtech Gateway continues to work for founders in closing the early stage funding gap. Read more about this exciting development!
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Creating Resilience & Sustainability
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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ANZIIF Diversity and Inclusion seminar
Get in quick, and register here for this hybrid event, running on Wednesday 3rd August 2022.
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We want to thank the Open & Embedded Insurance Observatory, Emily Martin from the Treasury, Open, Cover Genius and eBaoTech for participating. You can watch the recording 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 2: Design and Distribution – Product Innovation (7th September)
- Session 3: Marketing and Promotion – Do’s and Don’ts
Investment Focus - DLA Piper (Virtual)
- Session 3: ESVCLP rules and their applications to insurance. (18th August)
Partner Event:
RAA (Hybrid Event)
- Third series: Mobility of the future – Ownership vs Access (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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