Insurance news stories - Page 2

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.

Cove Insurance has claimed it's first to sell insurance via a chatbot currently in private beta mode, and the tech looks promising.

“The insurance sector is also testing new technologies to better assess or manage their risks," comments InsurTech chair Jason Roberts.

“As a ‘single source of truth’, it will provide greater visibility throughout the process, remove uncertainty and help make response times faster."

Alfred is currently live in-market following a three-month development period and customer pilot process.

Equisoft is currently working with 20 insurers on Oracle Insurance Policy Administration integration projects.

“Our previous network constantly suffered from severe downtime despite us spending a significant sum on maintenance costs."

"Not only will it cover all the typical exposures small business owners face in their day-to-day operations but it will also cover emerging risks."

Frankie will be able to provide instant responses to a variety of common enquiries to nib’s new product range including benefits available.

Business interruption is now being claimed by organisations as part of revenue lost due to natural disasters.

the company has concentrated heavily on its cyber and tech liability offerings, which Samson says is a good fit for South Island tech companies.

Car manufacturers that build sensors into their vehicles could identify damage resulting from a collision and trigger a claim payment.

Acting Chair Greg Lewis believes that practitioners should consider professional indemnity (PI) insurance cover to deal with first-party losses.

A Christchurch-based tech company has been working with insurance companies to make life a lot easier for those affected by the Kaikoura quakes.

New Zealand’s insurance industry doesn’t cover claims of theft via cyber crime – should it?

"The real opportunity is in combining our experience and knowledge with the fresh thinking of new partners in Singapore."

If you’re in charge of operating UAVs or drones for your employer (or your own business), drone insurance is about to get much simpler.

"All the Internet of Things in the world will not stop a hurricane, flood, or people just plain breaking things."

Many insurers have robust customer facing platforms and technology can help them to address their customer needs.

“Any organisation that is not a big data house now, or is unable to become one soon, is already a legacy company.”

As data centers evolve in size and complexity, multiple areas of potential risk continue to arise - here's some of the most common to be aware of.

The rising demand for cyber insurance is creating significant opportunities for insurers around the world, according to a new IDC report.

“While already experiencing digital disruption, the insurance industry needs to brace itself for the massive, inevitable disruption."

The insurance industry is ripe for disruption from cloud computing. Auckland-based InsuredHQ provides a feature-rich but easy to use cloud-based quote and bind system for insurance companies and brokers.