tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Tereora drives off from life insurance READ ON Dismiss
Last Article Uploaded: Monday, September 20th, 11:05AM

Insurance

rss
Latest Headlines

Insurers collaborate on fintech

An insurance working group has been set up to act as a conduit for fintech development in the sector.

Thursday, January 11th 2018, 10:00AM

by Susan Edmunds

Mitchell Pham, chair of FinTechNZ

The New Zealand Financial Innovation and Technology Association (FinTechNZ) was launched last year to connect the industry and promote financial innovation and technology.

Now, it is setting up an insurance branch in response to a surge in interest in the sector.

"New Zealand financial technology is the fastest growing segment of our tech sector, at 48.5% per annum, and insurtech is an integral part of the opportunity to advance and transform financial services, not just domestically but also internationally,” said Mitchell Pham, chair of FinTechNZ.

The insurance working group will host monthly events from early this year including speakers and the opportunity to pitch ideas and concepts.

Initial members include Augen, Cove, Delta, Fidelity Life, IAG, IDS, InsuredHQ, Ministry of Business, Innovation and Employment, NIB, Partners Life, QBE and Vallum.

"It's pleasing to see businesses who normally compete head-on in the insurance market coming together to collaborate on innovation, and work collegially to seize opportunities and address challenges that pervade the whole industry" said Jason Roberts, FinTechNZ IWG lead co-ordinator.  "It is also really exciting that the group is totally passionate about the end-customer's perspective - which will be a consistent theme across all of our work."

Dan Wilkinson, Fidelity Life’s chief technology officer, said more industry collaboration would help the insurance sector meet consumers’ changing behaviours and expectations about accessing financial advice and insurance protection.

“We are supportive of the Insurance Working Group’s ambition to move the industry forward on the digital front. As one of Fidelity Life’s four key strategic pillars, we recognise that technology is key to achieving our purpose of protecting New Zealanders’ way of life. We’re committed to investing in a strong digital backbone to support innovation, productivity and improved support for our customers, advisers and partners.”

Tags: Fidelity Life fintech MoBIE nib Partners Life technology

« Partners makes high-profile board appointmentSouthern Cross launches gender-inclusive application »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

FMA licensing workshops popular with Fidelity Life advisers
A series of online licensing support workshops jointly hosted by Fidelity Life and the Financial Markets Authority have attracted almost 200 adviser registrations.

Check your cover and win a prize - ICNZ
This week is Money Week and the Insurance Council of New Zealand (ICNZ) is encouraging New Zealanders to make one day their ‘Insurance Day’ to ensure their insurance meets their needs.

Tower hits the water with boat insurance offering
Tower Insurance has announced it will now be offering boat insurance policies online. 

$10k scholarship for insurance professionals opens
Submissions are now open for a scholarship designed to support the professional growth and development of insurance industry practitioners in New Zealand.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x