News Technology13 May 2019

Australia:Rising maturity of InsurTechs spells greater industry collaboration

Australia saw a 53% growth in the number of InsurTechs operating in the country as well as a 75% increase in 'active partnerships' between incumbents and InsurTechs, revealed findings from a recent Australian InsurTech ecosystem report by EY and Insurtech Australia. In the report's foreword, EY partner Jamie Smith and Insurtech Australia CEO & co-founder Simon O'Dell said that Australia's InsurTechs are maturing and playing an increasingly important role in the future of incumbents, especially in the health and life insurance markets.

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