Thu, 13th Mar 2025

In this week's insurance news, Paige Estritori explores insurtech developments in Australia and New Zealand, raising a notable $US1.6 billion over 12 years, even amid growth challenges. The report “Insurtech Down Under” encourages big insurance companies to tap into local opportunities. Cyber threats in Australia have led to an increased need for businesses to understand their insurance policies. This comes after a company scammed through an email was denied coverage, prompting insurers to reconsider policy definitions and improve coverage. Australia Underwriting is emerging as a reliable partner for high-risk coverage often dismissed by larger insurers. Finally, precise and effective remediation is a need for home insurers dealing with mould issues as AFCA urges Hollard to raise its compensation offer.nn