Live Insurance News

Insurance and Technology: The Rise of Insurtech

December 22, 2023 Guest Author

The insurance industry, traditionally viewed as conservative and slow to adapt to change, is undergoing a dramatic transformation thanks to technology. This fusion of insurance with technology, known as ‘Insurtech’, is reshaping the landscape of insurance offerings, customer service, and business models. The Evolution of Insurtech Insurtech began as a response to the digital revolution that has swept across other sectors. Today, it represents a broad range of applications: from artificial intelligence and machine learning for underwriting and fraud detection, to blockchain for secure and transparent transactions, and the Internet…

Most Expensive Insurance in Australia

May 21, 2021May 21, 2021 Guest Author

Insurance is perhaps one of those expenses you wished you could avoid. Sometimes premiums go up, and it can be painful to dish out the money without a quantifiable product given at the time. It can seem like one of those expensive necessities. Talk to your insurance broker Perth for information on insurance premiums and coverage. But is your insurance premium actually expensive? What about compared to the rest of Australia? Better yet, where in Australia is insurance – on average – the most expensive? The answer is… Northern Australia…

Understanding the Cost Of Insurance: Trike Versus Standard Two-wheel Motorcycle

January 29, 2021January 29, 2021 Guest Author

Auto insurance credits - person riding motorcycle

There is little that can compare to the feeling of freedom you get when on your motorcycle. The road winds ahead, a series of curves to be negotiated and mastered. Stress and issues disappear as you merge yourself with your machine and disappear into the horizon. But, there is a set procedure that needs to be followed in order to get a motorcycle license. Some people choose to skip this and, because they already have a car license, opt for a trike instead. Once you’ve decided which type of machine…

How to Budget As A Property Investor

January 22, 2021December 13, 2022 Guest Author

Getting started in the world of property investment is an exciting prospect. However, to maximize the return on your investment, you need to ensure that you set out a realistic budget from the start. Understanding all of your costs will ensure that your investment is profitable and that you gain the experience to build your portfolio over time. Creating a budget as a property investor can be daunting. From rental management fees to legal fees, completing renovations to the property, accountant fees and all of the other costs involved in…

Health insurance premiums are on the rise in Australia

April 5, 2016April 3, 2016 Logan B.

Large insurers are raising rates by a significant margin Several of Australia’s largest health insurance providers, including Medibank Private Limited and NIB, will be increasing premiums in the coming days. These insurers have been raising premiums annually for the past few years, which has placed many consumers under greater financial pressure. Some of the country’s insurers have also been accused of offering “junk” policies, which offer consumers very limited coverage. With higher premiums and the abundance of these junk policies, many consumers may opt to go without health insurance coverage…