On 24 January 2022, the Australian Government Treasury released a report on outcomes from the Consumer Data Right (CDR) Strategic Assessment. The ‘ Strategic Assessment Outcomes Report’ identifies ‘ Open Finance’ as the next priority area to expand the CDR. This exciting announcement ends speculation as to whether the general…

Interestingly, insurtech isn’t always about insurance. It can also be about new ways of transferring risk. In our last article for 2021, we take a look at some alternatives to traditional insurance. You do not need to be an industry insider to know that insurance demand continues to outstrip supply…

The concept of money has not changed for millennia. It is a point which I have not had reason to sit down and think hard about until recently. But it’s true. According to Encyclopaedia Britannica, the use of metal for money can be traced to Babylon before 2000 BC, with…

Human-linked vibrations in the Earth dropped by 50% on average due to COVID-19. Globally, interest in new cars is high however 51% of those surveyed intend to travel less. Use of shared transport (especially micromobility) is now above pre-pandemic levels. What is driving changes in mobility? …

Well, technically, the answer is neither. But we’ll get to that a bit later. Over the past few years we have seen a number of novel applications of blockchain in insurance. …

NFTs — every trendsetter and their cat wants to own one, sell one, or in the case of cats — be one. There are many different uses of NFTs ranging from uses in games such as CryptoKitties which made NFTs famous to Beeple’s $69 million digital artwork sold through Christie’s…

Over the past few weeks, we have heard a lot of news about the rise and fall of bitcoin, a particular type of cryptocurrency. It is probably timely to explore, where exactly are we now in crypto insurance? The potential for large gains to be made in crypto-assets has attracted…

This article was originally published in the Australian & New Zealand Institute of Insurance & Finance (ANZIIF) Journal (Issue 4, Dec 2020) The insurance industry is going through a period of transformation. While investment in insurtechs may have dipped due to the COVID-19 pandemic and the resulting uncertainty in global…

While Australia has a fairly mature D2C market across personal lines insurance products, the same cannot be said for some other markets in the Asia Pacific region where intermediated sales are more common. This can be, in part, attributed to the higher levels of financial literacy of the Australian population…