Insuretech start-up launched in Australia

A new industry body, Insurtech Australia, has been launched this week and is dedicated to the advancement of insurance innovation and insurtech startups.

Insurtech Australia was created as a ‘standalone division’ of Fintech Australia, and will focus on representing ‘insurtech startups, insurers, reinsurers and brokers’ and other insurance related disciplines, such as health, wellbeing, data and analytics, machine learning, IoT and telematics.

Brenton Charnley, lead & co-founder of Insurtech Australia, said a key aim is to see Australian insurtech companies succeed on the global scale and for Australia to become a world leader for insurtech.

“We want to make Australia one of the world’s leading markets for insurance innovation. Insurtech is a rapidly growing sector worldwide, and Australia has the ideas and skills to compete. Insurtech Australia’s mission is to foster a diverse community of insurance, startup and technology leaders to help Australia become a world leader for insurtech. We want to encourage people to work together and to create an ecosystem of supportive partners and networks to help insurtech thrive and grow in Australia.”

Founding members of the association include a cross-section of industry, technology and startup experts, with launch partners including Tank Stream Labs, York Butter Factory, FinTech Australia, and ANZIFF, and foundation partners: QBE, Macquarie Bank, MunichRe, TAS, EY, AUB Group,