Market
Insurtech in Australia
14 companies · 54 stories · $100M disclosed
Insurtech Daily tracks 14 insurance and insurtech companies headquartered in Australia — 7 insurers, 3 insurtechs and 2 brokers, across 54 stories going back to Aug 8, 2024. Between them they have disclosed $100M across 1 funding round, the largest Cover Genius's $100M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| 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 | 21 | $100M |
| QBE | Insurer | Sydney | 8 | — |
| Steadfast | Broker | Sydney | 6 | — |
| AUB | Broker | Sydney | 5 | — |
| IAG | Insurer | Sydney | 4 | — |
| Nearmap | Technology vendor | — | 2 | — |
| NEOS | Insurtech | — | 2 | — |
| Suncorp | Insurer | Brisbane | 2 | — |
| Capricorn Mutual | Insurer | — | 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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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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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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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
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Cover Genius to accelerate embedded protection across European banking with Friendsurance acquisition
Cover Genius, the global infrastructure for embedded protection, has acquired Friendsurance, the Berlin-based insurtech and digital bancassurance platform for insurers and banks. Through this transaction, Cover Genius…
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Cover Genius acquires Friendsurance to strengthen European embedded insurance strategy
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Cover Genius Acquires Friendsurance to Expand Embedded Insurance Platform Across European Banking
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Cover Genius acquires Berlin-based bancassurance platform Friendsurance
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Cover Genius Acquires Friendsurance to Accelerate Embedded Protection Across European Banking
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Cover Genius targets DACH bancassurance with Friendsurance deal
The deal brings Cover Genius the compliance infrastructure needed to embed insurance into German, Austrian and Swiss banking platforms
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Cover Genius Acquires Friendsurance to Accelerate Embedded Protection Across European Banking
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IAG teams up with OpenAI to boost insurance claims
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Cover Genius $100M Raise Signals Embedded Insurance Has Outgrown Venture Capital
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Insurtech Cover Genius hits $1.9bn valuation following $100m capital raise
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Cover Genius $100M Raise Signals Embedded Insurance Has Outgrown Venture Capital
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IAG’s Firemark backs insurtech, autonomous logistics, and quantum startups
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Insurtech Cover Genius raises $100 mn at $1.9 bn valuation to expand embedded protection
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Cover Genius Raises $100M at $1.9B Valuation to Scale AI Platform and Global Expansion
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Cover Genius Raises USD $100M Backed by Vista Credit Partners, Reaching USD $1.9 Billion Valuation as it Advances AI-First Platform and Global Expansion
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Echoiq (ASX:EIQ): What Is Behind the Decline in This AI-Driven Insurance Technology Company?
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Embedded insurance gains ground as Cover Genius deepens Traveloka partnership in APAC
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Cover Genius partners Tongcheng Travel to expand embedded travel insurance
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AI fears are hitting insurance stocks IAG, SUN and QBE — but is the market overreacting?
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QBE working with Beloy on embedded EV salary sacrifice cover
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Zurich launches pet insurance with Honey in Australia
The 40 most recent of 54 stories naming a company based in Australia.