Insurance stories - Page 2

A faulty update from Crowdstrike has triggered a global IT outage, disrupting healthcare, broadcasting, and more, raising urgent questions about security dependencies.

Fidelity Life teams with UnderwriteMe to launch E-App, transforming life insurance applications in New Zealand by streamlining the underwriting process.

GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.

Brands worldwide prepare to leverage the 2024 Summer Olympics' extensive visibility, with 41% of US adults poised to follow closely.

NormCyber crowned Fortinet's Security Operations Partner of the Year, solidifying its prowess in advanced cyber threat defence at the UK Partner Awards.

Outsized expands into Australia and New Zealand, bringing its unique talent platform specialising in high-end roles. Led by Sara Kahlau, the move addresses skills shortages in key sectors.

Creatio secures USD $200 million in funding, reaching a USD $1.2 billion valuation. Led by Sapphire Ventures, this investment will bolster global expansion and AI innovation.

While 22% of firms globally effectively utilise Gen AI, a SoftServe study highlights prevailing data and skill gaps, reflecting similar trends in Singapore.

OutSystems secures SOC 2 attestation for its Developer Cloud, ensuring heightened security for mission-critical applications across highly regulated industries.

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.