NIBA / Special Feature
Creating Tomorrow Tech’s playing an increasingly influential role in insurance, with Australian-born insurtechs helping transform the industry. We take a look at the insurtech scene here and in the US, to understand just how things are shaping up.
Tech applications to help run your brokerage better are one thing, but tech’s application and potential uses are far more varied and wide-ranging than you might imagine. From fraud detection to geo-mapping, climate modelling to claims processing, tech solutions are being developed to enhance and streamline almost every step of the process. Here in Australia, insurtech is thriving. Simone Dossetor, CEO of Insurtech Australia says the insurtech market here compares well with other countries.
“Australia’s an established insurance market. It’s a market that buys a lot of insurance, and we have sophisticated pricing models. So we definitely have solutions here that stack up globally. “We’re seeing all sorts of niche offerings emerge, from tech that’s able to scan buildings and determine its resilience to solutions around flood modelling, coast modelling, bushfire resilience, and geospatial mapping. It’s an ever-evolving space, and we’re still trying to grow the ecosystem and connect more insurers so they know what we’re doing.”
44 / INSURANCE ADVISER AUGUST/SEPTEMBER 2025
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