ANZ OnePath using AI and fuzzy logic to avoid ‘the dreaded other’
Applying for life insurance is a long and often frustrating process. Thousands of questions on seemingly every medical condition ever suffered – except yours. Or so it appears.
Applying for life insurance is a long and often frustrating process. Thousands of questions on seemingly every medical condition ever suffered – except yours. Or so it appears.
ANZ Wealth is collaborating with researchers at the University of Technology Sydney to explore how machine learning models can improve the insurance underwriting process.
When he assesses a potential client for cyber risk insurance, Fergus Brooks, national practice leader of cyber risk at Aon, says he is much more interested in their operational approach to cyber threats than in their cyber threat protection technology.
With cyber security threats on the rise worldwide, companies have begun utilising traditional risk transfer mechanisms, like insurance, to try and mitigate cost impacts if a data breach occurs.
Australian insurance giant IAG is opening a InsurTech innovation hub in Singapore, tasked with creating new products and services for the local and Asian market.
A medical device which measures worker’s movement and muscle activity using wireless biomechanical technology will be recommended for use in Australian workplaces by insurance company Allianz.
Airtasker will offer insurance covering its task runners for accidents on the job.
Big Australian telcos and insurance companies see business opportunities in analysing the location information transmitted by customers’ mobile devices, said speakers at yesterday's Big Data Warehousing and Business Intelligence Summit.
Automotive insurer Budget Direct has launched a hail automated notification system (HANS) able to alert its customers via SMS of impending hail storms in their area.
Despite spending upwards of $350,000 on a speech analytics system, Melbourne based insurance broker iSelect is looking to expand its existing call centre software to support better real-time processing, including possible emotion recognition.
Retail giant Wesfarmers has deployed a Web-based consumer insurance application on a private cloud and is leveraging it to transform its legacy commercial insurance architecture.
When automotive and home insurer Youi formed less than 18 months ago, its technology head saw in-house software development as a means to stay agile.