Market
Insurtech in Australia
19 companies · 75 stories · $200M disclosed
Insurtech Daily tracks 19 insurance and insurtech companies headquartered in Australia — 9 insurers, 5 technology vendors and 3 insurtechs, across 75 stories going back to Aug 8, 2024. Between them they have disclosed $200M across 2 funding rounds, the largest Heidi's $100M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| Heidi | $100M | Series C | — | Insurance Edge | |
| Cover Genius | $100M | — | Vista Credit Partners | Insurance Nerds+5 |
Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| Cover Genius | Insurtech | Sydney | 22 | $100M |
| QBE | Insurer | Sydney | 20 | — |
| Steadfast | Broker | Sydney | 6 | — |
| AUB | Broker | Sydney | 5 | — |
| IAG | Insurer | Sydney | 4 | — |
| Suncorp | Insurer | Brisbane | 3 | — |
| Capricorn Mutual | Insurer | — | 2 | — |
| Monvia | Technology vendor | — | 2 | — |
| Nearmap | Technology vendor | — | 2 | — |
| NEOS | Insurtech | — | 2 | — |
| Vero | Insurer | Sydney | 2 | — |
| Heidi | Technology vendor | Sydney | 1 | $100M |
| Aeeris | Technology vendor | — | 1 | — |
| Challenger | Insurer | Sydney | 1 | — |
| ClearView | Insurer | Sydney | 1 | — |
| Echoiq | Technology vendor | — | 1 | — |
| Honey | Insurtech | — | 1 | — |
| RAA | Insurer | Adelaide | 1 | — |
| TAL | Insurer | Sydney | 1 | — |
Coverage
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IA Capital Group Announces Initial Close Of Inter-Atlantic Opportunity Fund I With QBE Insurance Group As Anchor Investor
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Learn Why The Bull Case For QBE Insurance Group (ASX:QBE) Could Change Following Fund Backing
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Lloyd’s syndicate Cortina launched by Aon and Blackstone funds with QBE as managing agent
Cortina syndicate 1956, a new syndicate at the specialist Lloyd’s insurance and reinsurance marketplace that will provide dedicated, multi-year reinsurance capacity, has been launched by global broking group Aon and…
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IA Capital Group secures backing from QBE for new fintech and insurtech investment fund
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IA Capital Group secures backing from QBE for new fintech and insurtech investment fund
IA Capital Group, a New York-based venture capital investment firm focused on financial technology and insurance technology, has confirmed the first close of its Inter-Atlantic Opportunity Fund I. The investment…
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IA Capital Group Announces Initial Close of Inter-Atlantic Opportunity Fund I, Anchored by QBE Insurance Group
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Lazarus AI raises $43 mn with backing from QBE and State Farm Ventures
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How Does Monvia (ASX:MNV) Position Its Life Insurance SaaS Platform for Growth After Exceeding IPO Forecasts?
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QBE and State Farm Ventures back Lazarus AI
Lazarus AI is developing AI tools for document processing, cybersecurity and legacy system modernization.
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Legacy Specialist RiverStone Enters ILS Market; Completes QBE Loss Portfolio Transfers
RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market.…
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RiverStone International completes $1.6bn LPT reinsurance transactions with QBE
Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The…
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A$7.9bn bid: Daiichi Life offers to buy rest of Challenger
Daiichi Life Group has offered to buy the rest of Challenger in a bid that values the Australian firm at around A$7.9bn, the latest move by a Japanese insurer to expand abroad.
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Cover Genius Launches Embedded Protection Product -
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Aeeris Limited (ASX:AER) Expands Weather Intelligence Capabilities Through Insurance Partnerships
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Canopius replaces QBE as Castle Insurance underwriter
Castle offers home and contents insurance through brokers and has been operating for approximately 12 months.
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Aggne completes Duck Creek insurance platform implementation for Capricorn Mutual
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Suncorp (ASX:SUN) Board Shake-Up Signals a Bigger Push Into Digital Insurance
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QBE Insurance appoints Jonathan Groves as CEO, Australia Pacific
QBE Insurance has announced the appointment of Jonathan Groves as chief executive officer, Australia Pacific, subject to regulatory approvals.
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AI Healthcare Solution Heidi Secures $100m in Series C Round -
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Vero, Uber and insurtech Cover Genius launch pay-per-kilometre rideshare insurance
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NEOS and Marloo partner on AI-driven insurance pricing
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Vero launches pay-per-mile insurance for Uber drivers
The new product brings private and Uber driving together under a single policy.
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NEOS partners with Marloo
NEOS is an Australian life insurance distributor.
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Suncorp turns to insurtech as claims complexity mounts
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People Moves: Marsh Promotes Ward as CEO of Pacific, Guy Carpenter; QBE Names Thompson as Global Director of Data Centres in Newly Created Role
This edition of International People Moves details appointments at Guy Carpenter and QBE. A summary of these new hires follows here. Marsh Promotes Ward as CEO of Pacific, Guy Carpenter Insurance and reinsurance broker…
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AUB Group international profit jumps 19.6% as UK retail platform scales
AUB Group's International division was the standout performer in the group's FY26 results, released to the Australian Securities Exchange today, lifting underlying net profit before tax 19.6% to A$124.5m and expanding…
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QBE and insurtech Aurora launched an automated underwriting capability for Yacht P&I
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$1.6bn deal: RiverStone International takes on QBE legacy reserves
RiverStone International has entered into loss portfolio transfer reinsurance agreements with QBE Insurance, covering approximately $1.6bn of reserves.
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$5.5bn buyout: KKR-backed consortium to acquire Steadfast Group, with Amwins and Dragoneer
Australian insurance broker Steadfast Group has agreed to a $5.5bn buyout by a consortium backed by investment firm KKR.
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KKR, Dragoneer, and Amwins to acquire Steadfast Group
Amwins Group will acquire Steadfast’s underwriting agency business.
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RiverStone takes on $1.6 billion of QBE reserves
RiverStone specializes in acquiring and reinsuring legacy insurance portfolios.
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A$385m ClearView deal: Zurich completes Australian life buy as composite insurers rebuild protection books
Zurich has completed its acquisition of ASX-listed life insurer ClearView Wealth, a move that underlines a wider strategy among global composite insurers to rebuild the life and protection books their rivals spent years…
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Australia’s Steadfast Agrees to $5.51B Buyout Bid by KKR-Backed Consortium
Australia’s Steadfast Group has agreed to a A$7.7 billion ($5.52 billion) buyout by a consortium backed by U.S. investment giant KKR, the insurance broker said on Friday. Under the deal, specialty insurance distributor…
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QBE appoints global data center lead
Thompson has spent more than 20 years with the insurer, including a period as director of QBE Canada.
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Amwins and Dragoneer confirm due diligence in final stages for Steadfast acquisition
Steadfast Group, an Australian insurance broker, has announced that Amwins Group, Inc. and Dragoneer Investment Group, LLC (collectively, the Consortium) have confirmed that due diligence is in its final stages and that…
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Monvia (ASX:MNV): From ASX Listing to Building a Scalable Insurance Technology Platform
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QBE names Thompson Global Director of Data Centres
International business insurer QBE has announced the appointment of Jamie Thompson as Global Director of Data Centres, a newly created role based in London. In this new position, Thompson will work to develop an…
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Capricorn Mutual Goes Live on Duck Creek Core Platform to Modernise Automotive Risk Protection
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Cover Genius Acquires Berlin Insurtech Friendsurance
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Insurtech Cover Genius acquires Friendsurance for Europe bancassurance
The 40 most recent of 75 stories naming a company based in Australia.