Insurance stories

Orient Technologies posted a 22.25% revenue rise to INR ₹2.73 billion in Q2 FY26, driven by new cloud, digital transformation, and government contracts.

Despite over USD $40 billion spent on enterprise AI this year, 95% of organisations struggle to justify ROI due to data challenges, says Informatica's Krish.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

Guidewire will acquire ProNavigator, enhancing its platform with context-aware knowledge to improve efficiency and service in the P&C insurance sector.

Reflectiz has raised $22 million in Series B funding to expand its AI-driven web risk platform and establish a global HQ in Boston.

A dNOVO survey reveals Canadians trust AI search tools least of all sectors, with a score of 1.91, even below lawmakers at 2.08.

Prophet appoints James Sawyer as VP Sales and Partnerships to boost growth and predictive decision intelligence in Sydney and Brisbane markets.

Australia sees a 17% rise in data breaches as AI-driven threats on hybrid cloud systems surge, prompting tighter APRA regulations on cybersecurity compliance.

Iron Mountain launches AI-powered InSight DXP platform to unify physical and digital data, boosting productivity and automating compliance for enterprises.

Coalition has named Trent Nihill as General Manager to drive growth in its Australian cyber insurance sector, leveraging his 15 years of specialist experience.

Tata Communications unveils Voice AI platform for real-time, multilingual fintech chats, enhancing speed, security, and seamless automation in financial services.

Assurix launches a real-time trustmark for MSPs, enabling continuous verification of security and service standards via live operational data integrations.

Organisations using NiCE's AI-driven CXone Mpower platform report faster response times, better service quality, and improved staff efficiency across sectors.

Allianz Insurance Australia is advancing AI use cautiously, balancing innovation with regulation, data quality, and trust to reshape its claims processes.

Elemental Concept has appointed Chris Mitchell as Managing Director APAC to drive its expansion and digital transformation services across the Asia-Pacific region.

AI adoption is forecast to widen the gender skills gap in the UK’s GBP £1 trillion tech sector, raising concerns over equality in emerging industries.

Australian businesses face a cyber security 'perfect storm' in 2025 as AI, stricter rules and smarter attacks reshape risk and defence strategies.

Applied Systems acquires Cytora to enhance AI-driven efficiencies, aiming to streamline and automate the insurance lifecycle globally.

Insurers urged to modernise spreadsheet use for Solvency II, adopting no-code platforms to enhance compliance and reduce risks in regulatory reporting.

UK insurers paid over GBP £150 million for subsidence damage as climate change risks threaten 1.2 million more homes by 2050, ABI and LexisNexis warn.