A new industry body, Insurtech Australia, has been launched, dedicated to the advancement of insurance innovation and insurtech startups.
Insurtech Australia, created as a ‘standalone division’ of Fintech Australia, will focus on representing InsurTech startups, insurers, reinsurers and brokers and other insurance-related players, such as those engaged in health, wellbeing, data and analytics, machine learning, IoT and telematics.
Mr Brenton Charnley, Lead & Co-Founder of Insurtech Australia, said a key aim is to see Australian InsurTech companies succeed on the global scale and for Australia to become a world leader for InsurTech.
“We want to make Australia one of the world’s leading markets for insurance innovation. InsurTech is a rapidly growing sector worldwide, and Australia has the ideas and skills to compete.”
Founding members of the association include a cross-section of industry, technology and startup experts, including Macquarie Bank, QBE, ANZIFF, IAG, Suncorp, RAC Insurance, Tank Stream Labs, Munich Re and The Fold Legal.