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Technology news for New Zealand's largest enterprises

Insurance news stories

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Microsoft
Global cybersecurity insurance market worth $11.5b this year
Future Market Insights finds the cybersecurity insurance market is expected to reach USD$11.5 billion in 2022, growing to $61.2 billion in 10 years.
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Cybersecurity
Three key security challenges facing the Australian insurance industry 
Insurance companies must ensure they proactively address security challenges and protect the privacy of customer data.
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Ransomware
Shopping for cyber insurance? Six questions to ask before calling the insurer
The cyber threat landscape has always been worrisome, but today these concerns are heightened given an anticipated uptick in cyber-attacks from bad actors.
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Insurance
Smarter tech investments can streamline collaboration for insurers
Smarter technology investments can streamline collaboration for insurers, increasing efficiency, lowering costs and providing a better customer experience. 
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Finance
Open finance set to benefit New Zealand consumers - report
Open finance is expected to become the standard for consumers' financial welfare and empowerment, according to an Aotearoa fintech research report.
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Cybersecurity
Cyber attack on insurer highlights need for better security
AXA is just one of the insurance and financial services companies targeted recently by cybercriminals, and there is a pressing need in this sector to tighten security controls.
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Digital Transformation
How modern technology solutions help insurers provide a better customer experience
In a market that values hyper-personalisation over all else, the importance of customer experience (CX) and user experience (UX) has proven to be what matters most to the public.
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Insurance
Insurance market undergoing huge digital disruption
“As traditional insurers expand their ecosystems to remain competitive, they must increasingly consider the value achievable through trusted partners, including BigTechs, InsurTechs and non-traditional players."
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Compliance
Why SOC 2 is critical to protect Australian insurance customers
As insurers continue to amass private data from millions of Australians, it's important that they demonstrate system and organisational controls (SOC) reporting.
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Ransomware
Cyber-insurance or self-insurance: how businesses can recover from ransomware attacks
Putting the right infrastructure solutions in place will help businesses reduce their risk profile by ensuring backups are protected from attack.
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Robotic Process Automation / RPA
Case study: rapidMATION automates DKG's 'future-ready' business
DKG had two goals: to create exceptional customer experiences and employee opportunities; and to build a business that is more competitive and future-ready.
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DevOps
Financial services and insurance businesses survive challenges thanks to DevOps
While 2020 was one of the most challenging years for every business, those in financial services and insurance have fared better than most.
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Insurance
Webinar: What’s ahead for CFOs in financial services & insurance
Join Sage and IBISWorld experts as they share their experiences and what the life of a CFO will look like going forward.
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Cybercrime
Cyber attacks worsening among Australian businesses, costing economy $1 billion a year
"Cybercrime is becoming increasingly sophisticated and is harming more and more Australians each day."
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Artificial Intelligence
AI revolutionising insurance and finance services in New Zealand
Artificial Intelligence is said to be one of the most revolutionary forces for the insurance and financial trades in New Zealand, according to a new report by the AI Forum of New Zealand.
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Insurance
Aussie workers struggling to switch off while on holiday
A new survey has found Australian workers are struggling to disconnect while on vacation
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CRM
Interview: TAL Australia's journey to successful CRM
At Adobe Symposium last week, Techday chatted to TAL Australia’s head of customer relationship management, Mike Nixon.
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Digital Transformation
IntegrationWorks transform FMG's rural insurance processes
New Zealand rural insurer Farmers Mutual Group (FMG) has upgraded its digital programme in an effort to provide improved customer services and to leverage business opportunities.
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Insurance
Why many insurance tech companies want to improve CX
New technology is helping to create improved products, according to a new Kiwi report.
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Insurance
Vero study: Women run larger SMBs; and they're more worried too
Women are more likely to run larger SMBs, but they’re also more worried, more stressed, and less likely to use an insurance broker for their business than male SMB owners.
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Drones
Insurers struggling to keep pace with drone and e-bike tech
If you own an e-bike or a drone and expect them to be covered by your current home contents insurance policy, it might pay to check the fine print.
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Chatbots
Cove trials insurance purchases via Facebook Messenger chatbot
Cove Insurance has claimed it's first to sell insurance via a chatbot currently in private beta mode, and the tech looks promising.
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Fintech
Insurtech a win-win for insurers and customers, expert says
“The insurance sector is also testing new technologies to better assess or manage their risks," comments InsurTech chair Jason Roberts.
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Blockchain
ANZ and IBM developing blockchain solution for insurance industry
“As a ‘single source of truth’, it will provide greater visibility throughout the process, remove uncertainty and help make response times faster."